Tillkännagivande • May 18
Zinnwald Lithium Plc, Annual General Meeting, Jun 10, 2026 Zinnwald Lithium Plc, Annual General Meeting, Jun 10, 2026. Location: 22a st jamess square, sw1y 4jh, london United Kingdom Tillkännagivande • May 16
AMG Lithium B.V. proposed to acquire remaining 70.7% stake in Zinnwald Lithium Plc (AIM:ZNWD) from a group of shareholders for £42.2 million. AMG Lithium B.V. proposed to acquire remaining 70.7% stake in Zinnwald Lithium Plc (AIM:ZNWD) from a group of shareholders for £42.2 million on May 14, 2026. The consideration consists of 0.65 million common equity of AMG Lithium B.V. at a ratio of 0.001577 per common equity and cash consideration valued at £0.05 per share will be paid by AMG Lithium B.V. Upon completion, AMG Lithium B.V. will own 100% stake in Zinnwald Lithium Plc. The sellers include Anton du Plessis, Cherif Rifaat, Jeremy Martin, Dominik Simler, Peter Secker, Henry Maxey, Mark Tindall and others. The transaction will be financed through internal cash resources.
Upon the completion of the Acquisition, all of the non-executive directors of Zinnwald Lithium (other than Dr. Stefan Scherer) will resign as directors of Zinnwald Lithium with effect from the day immediately after the Effective Date. A termination fee of £1 million is payable by AMG Lithium.
The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders and listing / approval of new shares on stock exchange. The transaction is expected to complete in third quarter of this year.
David Hart and Liz Kirchner of Allenby Capital Limited acted as financial advisor and fairness opinion provider for Zinnwald Lithium Plc. Jan Skarbek, David Fudge and Dominic King of Europa Partners Limited acted as financial advisor for AMG Lithium B.V. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for AMG Lithium B.V. DWF Law LLP acted as legal advisor for Zinnwald Lithium Plc. New Risk • May 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€6.4m free cash flow). Earnings have declined by 2.5% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (UK£46.1m market cap, or US$61.4m). Tillkännagivande • Mar 19
Zinnwald Lithium plc Receives German R&D Grant and Official Seal Zinnwald Lithium plc, the European focused lithium company developing the integrated Zinnwald Lithium Project in Germany (the Project), has been awarded a grant of up to EUR 1.9 million under the German Forschungszulage scheme. As part of this recognition, Zinnwald has also received its official seal from the Bescheinigungsstelle Forschungszulage (BSFZ) as proof of its 'entrepreneurial innovation competence'. This scheme was introduced in Germany in 2020 to promote and accelerate corporate research and development (R&D). It is a government-funded tax incentive scheme that reimburses eligible R&D expenses. Eligible projects must be in fundamental research, industrial research, or experimental development. Zinnwald submitted two applications, one for its geological R&D studies into the extraction of lithium from micas, and the other for its innovative processing development work, both of which were reflected in its Pre-Feasibility Study in 2025. Both applications were approved by the BSFZ resulting in an overall grant of up to EUR 1.9 million to be received later in 2026. The BSFZ seal is a proof of entrepreneurial innovation competence. The BSFZ only awards the seal to companies that are allowed to claim funding through the research allowance. The BSFZ awards the seal in two variants, with the one received by Zinnwald reflecting its own research and development activities. Board Change • Feb 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non Executive Director Peter Secker was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 25
Zinnwald Lithium plc Announces Directorship Changes Zinnwald Lithium Plc has appointed Dominik Simler as a Non-Executive Director with effective from 25 February 2026, replacing Graham Brown who has stepped down from the Board. Dominik brings over 20 years of pan-European investment and advisory experience with a strong focus on the DACH region, including extensive expertise in capital structuring, fundraising and stakeholder engagement across multiple industries, having held senior roles at AEA Investors, Investcorp International and L-GAM Advisors. He is the Founder and Managing Director of Brenta Partners LLP and serves as Senior Advisor for the DACH region at All Seas Capital, holds a BA (Hons) in International Business, Finance and Economics from the University of Manchester, and has German and British nationality. In accordance with AIM Rule 17 disclosures, Dominik Pascal Simler (aged 48) currently holds directorships or partnerships at Brenta Partners LLP (UK), Fortimont Limited (UK), Zimmer Medizin Systeme GmbH (Germany), Uphols Venture Partners GmbH (Germany) and Fortimont Holding GmbH (Germany), and has held previous directorships or partnerships within the past five years at Cotta Collection AG (Liechtenstein), Torus Holding I AG (Switzerland) and Torus Holding II AG (Switzerland). Tillkännagivande • Dec 16
Zinnwald Lithium plc Announces Strong Support from German Federal Government for the Project Zinnwald Lithium plc reported that the German Federal Government has confirmed its support for the Project, noting its alignment with Germany's strategic raw materials priorities, and will advocate for its recognition at European level. This builds on the strong support already received from the State of Saxony. Parliamentary State Secretary Stefan Rouenhoff from the Federal Ministry for Economic Affairs and Climate Protection visited the site on 12 December as part of a political raw materials tour to review progress and discuss ways to accelerate feasibility and approval processes. Discussions also covered opportunities linked to the new European RESourceEU action plan, which aims to speed up financing and permitting for critical raw material projects. Zinnwald continues to advance work streams required ahead of commencing a Feasibility Study and Environmental and Social Impact Assessment, alongside technical and logistical planning, to support data driven decision making and responsible project development. New Risk • Oct 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-€8.5m). Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (UK£40.4m market cap, or US$53.8m). New Risk • Sep 26
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€8.5m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-€8.5m). Market cap is less than US$100m (UK£25.8m market cap, or US$34.5m). Tillkännagivande • Jun 19
Zinnwald Lithium Plc has completed a Follow-on Equity Offering in the amount of £0.236347 million. Zinnwald Lithium Plc has completed a Follow-on Equity Offering in the amount of £0.236347 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,726,930
Price\Range: £0.05 Tillkännagivande • Jun 03
Zinnwald Lithium Plc, Annual General Meeting, Jun 25, 2025 Zinnwald Lithium Plc, Annual General Meeting, Jun 25, 2025. Location: the clubhouse, 8 st jamess square, sw1y 4ju, london United Kingdom New Risk • Mar 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-€11m). Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (UK£21.6m market cap, or US$28.0m). New Risk • Jul 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€10m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€10m free cash flow). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (UK£39.4m market cap, or US$49.8m). Tillkännagivande • Jun 08
Zinnwald Lithium plc Announces the Publication of Further Update to its Independent Mineral Resource Estimate for its 100% Owned Zinnwald Lithium Project Located in Saxony, Eastern Germany Zinnwald Lithium Plc announced the publication of a further update to its independent Mineral Resource Estimate ("MRE") for its 100% owned Zinnwald lithium project ("Zinnwald" or the "Project") located in Saxony, eastern Germany. A previous update to the Project's MRE, published on 21 February 2024, indicated that it was the second large hard-rock resource in the European Union ("EU"). Following this, a geometallurgical testwork programme was undertaken to provide a higher level of confidence in the Mineral Resource within the mineralised albite granite, which surrounds the lenses of higher grade greisen mineralisation. June 2024 MRE Highlights: Additional 25.0Mt @ 2,090ppm Li (52kt contained lithium metal) in the Measured category representing an increase of 221% in tonnes and 133% in contained metal in the Measured category compared with the February 2024 MRE. The Project's previous update to its MRE, announced on 21 February 2024, showed it was the second largest hard-rock resource in the EU. The Company undertook a further geometallurgical testwork program to provide a higher level of confident in the Mineral Resource within the broader mineralisation zone. This has resulted in an additional 25.0Mt being included in the Measured category. The Project now has sufficient material in Measured category alone to support over 20 years of production. This is a major milestone as it further de-risks the resource and adds a higher level of confidence in The detailed mine plan, which is key to financing plans. This June 2024 MRE update does not incorporate any new drilling or sampling data, and as such, the block model estimate is unchanged. The February 2024 MRE incorporated 26,911m of new diamond core drilling across 84 drill holes completed since the previous MRE released in September 2018. The corresponding drill hole database now consists of 33,933m of drill core and 19,537 samples with lithium analyses since the Project started in 2011. In addition to the high-grade greisen mineralisation, the focus of the recent 2022 /2023 drilling was the lithium mineralisation hosted by the mineralised albite granite., as well as the internal lenses of higher grade greisen (termed the mineralised zone). The inclusion of the mineralised zone allows for a higher production rate and a potential optimisation of overall project economics. Tillkännagivande • May 23
Zinnwald Lithium Plc, Annual General Meeting, Jun 19, 2024 Zinnwald Lithium Plc, Annual General Meeting, Jun 19, 2024. Location: the clubhouse, 8 st jamess square, sw1y 4ju, london United Kingdom New Risk • Mar 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (UK£31.1m market cap, or US$39.9m). New Risk • Feb 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€7.4m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (UK£35.8m market cap, or US$45.3m). Tillkännagivande • Oct 18
Zinnwald Lithium Plc Appoints Marko Uhlig as Managing Director of Zinnwald Lithium GmbH Zinnwald Lithium Plc announced that Marko Uhlig will be joining the team as Managing Director of Zinnwald Lithium GmbH. Marko is a seasoned professional manager with a wealth of commercial experience gained over a career of more than 30 year. He has worked in Germany as well as internationally for companies including ThyssenKrupp AG and SKW Metallurgie AG and is a graduate of Freiberg University. Tillkännagivande • Oct 17
Zinnwald Lithium plc Provides an Operational Update on Its Recent Activities Zinnwald Lithium plc provided an operational update on its recent activities. OPERATIONAL UPDATE: Zinnwald Lithium continues to make significant progress in the development of its flagship Zinnwald Lithium Project in Germany. In-fill and Resource Delineation Drill Programme On 15 September 2023, the Company finished its drill programme at its core Zinnwald License area, totalling 26,969m of diamond core drilling across 84 drill holes. This campaign has more than doubled the total number of holes completed in the license area, including the historic drill campaigns. The map below charts the location of all drilled holes across the various drill campaigns. The Company was able to deploy up to six drill rigs simultaneously, which allowed the completion of the programme within a tight timeframe. The Company's purpose-built core facility allowed the processing of more than 400 metres of core per week with the achievement of greater than 95% core recovery. The results of the infill drilling campaign have, as expected, increased the Company's level of confidence in the geological model of the orebody. As previously noted, the Company's objectives for the programme were to: Increase drillhole and data density in all parts of the deposit to further optimise the geological model to support Bankable Feasibility Study ('BFS') level mine planning, metallurgical and geotechnical engineering workstreams; Raise the confidence level of the previous geological model and eventually generate solid Indicated and Measured Mineral Resources that can be converted to Mineral Reserves in the BFS applying all economic factors generated during the next few months; Prove the existence of two mineral domains and optimise the geological model accordingly: An upper high-grade Quartz-Mica-Greisen ('HG', previously Ore type 1) with a maximal thickness of 75 m. The average Li grade is 3,062 ppm (0.66 % Li2O); o A lower greisenised Albite-Granite ('AG', previously Ore type 2) that reflects the shape of the granite cupola and an average vertical thickness of 133 m. The average Li grade is 2,176 ppm (0.42 % Li2); Generate additional geological and geometallurgical data to support inclusion of the AG-lithology in order to upgrade the existing MRE; Improve resolution of the extents of the high grade Greisen mineralisation ('HGG'); and Improve confidence in available existing historical drillhole data. The Company is currently finalising the updating of the geological and mineralisation/domaining model and anticipates publishing the updated MRE in fourth quarter 2023. SRK Consulting (UK) ('SRK') has been commissioned to complete this updated MRE. Additionally, the Company carried out extensive surveying programmes such as a LIDAR underground survey of existing/historic mine workings and a geotechnical investigation of drill core was undertaken to assist in mine planning. The Company has also completed underground structural mapping comparing structural data from both drill core and in situ surveys. These have corresponded closely and will assist in the completion of a detailed mine model. The latest results from the current drill and survey programme have improved the confidence in the geological modelSignificant recent drill intersections and assay results include: ZGLi 047/2023: HGG: 19.55 m (88.45-108.00 m) @ 0.71 % Li2O AG: 163.18 m (112.82 m - 276.00) @0.44 % Li2O ZGLi 050/2023: HGG: 41.91 m (75.42-117.33 m) @ 0.66 % Li2O AG: 122.0 m (133.0-255.0 m) @ 0.46 % Li2O ZGLi 063/2023: HGG: 30.85 m (113.6-144.45m) @ 0.78 % Li2O o AG: 98.9 m (145.1-244.0m) @ 0.50 % Li2O ZGLi 068/2023: HGG: 42.75 m (87.25-130.0m) @ 0.70 % Li2O o AG: 117 m (144.0-261.0m) @ 0.42 % Li2O ZGLi 085/2023: o HGG: 66.1 m (171.0-237.1m) @ 0.94 % Li2O o AG: 103.13 m (237.1-340.23m) @ 0.52 % Li2O. Metallurgical Process Development /Testwork The Company is undertaking a confirmatory metallurgical testwork programme together with Metso. Bench scale minerals processing testwork was completed by Metso during September 2023. This clearly indicated that Lithium recovery and concentrate mass pull from the previously untested Albite Granite-lithology are suitable for a simple flow sheet consisting of a comminution circuit and a rougher-scavenger wet magnetic separation circuit. The material used in the tests was from a representative sample selected in consultation with SRK earlier this year and incorporates a mix of both HGG and AG. The main findings were: A simple flow can be applied; A simulated Run of Mine sample Li-recovery is c.85 % with a mass pull of c.20%; Li-recovery from HGG is clearly above 85%; Li-recovery from AG is clearly above 80%; The same flow sheet is suitable for both of the ore types; and Both of the ore types can be processed individually or at any mix without compromising the recoveries. Pilot scale tests of the material are currently being carried out by UVR-FIA in its facilities in Freiberg, Germany under supervision by Metso. The pilot test will produce sufficient zinnwaldite concentrate to confirm the earlier calcination testwork and enough quartz sand to be tested for environmental qualities. The material for both tests will be available in October 2023. Tillkännagivande • May 17
Zinnwald Lithium Plc, Annual General Meeting, Jun 13, 2023 Zinnwald Lithium Plc, Annual General Meeting, Jun 13, 2023, at 09:30 Coordinated Universal Time. Location: The Clubhouse, 8 St James's Square, London SW1Y 4JU London United Kingdom Tillkännagivande • Jan 31
Zinnwald Lithium plc Provides Exploration Update Regarding its Falkenhain License in Germany Zinnwald Lithium Plc provided an exploration update regarding its 100% owned Falkenhain license in Germany. These new results confirm the historic drill data, indicating the potential for an additional economic lithium resource that could provide a possible feed source for the Company's integrated lithium hydroxide project, as it advances a Bankable Feasibility Study towards completion by the end of 2023. The Falkenhain license area is located 2.5km from the proposed Zinnwald processing facility. Geology: The Schenkenshöhe and Hegelshöhe are Li-Sn-W greisen satellite deposits of the main Zinnwald/Cinovec Li-Sn-W greisen deposits in the Eastern Erzgebirge. The deposits are characterised by several granite intrusions and greisen mineralisation comparable to the occurrence in the Zinnwald Deposit, also hosted in volcanic successions of the regional volcanic complex. 'Greisenisation' is caused by hydrothermal fluids and changes to the mineralogy and geochemistry of the rocks adjacent to fluid pathways. A key characteristic at Falkenhain are the distinct greisen-types within the surrounding host rocks (exo-contact greisen) and the granites (endo contact greisen). The greisen ore bodies show different generations of Li-Sn-W mineralisation caused by the various granitic intrusions. These are represented by different highly specialised granite types enriched in incompatible elements like Li, Sn, W, and others. Results from Drill hole LiSH-001 (2022): The purpose of the drill hole was to verify the historic drill-hole SnFhiDi047, which was undertaken in 1974. LiSH-001 was drilled to a total depth of 600.3m and subsequently logged and assayed using the same standards as have been applied for the Zinnwald Lithium Project. The observed lithology is identical to the historic core log of the twinned hole. Assay results have shown a very similar grade distribution to results from Zinnwald and in general a high degree of grade continuity in both exo- and endo-contact greisens. However, in comparison to Zinnwald, the greisen mineralisation at Falkenhain extends beyond the Albite granite intrusion and into the volcanic host rocks. Additionally, whilst tin and tungsten mineralisation occur at both the Zinnwald and Falkenhain projects, recent and historic drilling results demonstrate notable high-grade zones of tin and tungsten, pointing to further upside potential at Falkenhain. The first assay result includes long mineralised intersections above 1,500 ppm Li such as: 114m - 194m (80m); Average 2,879 ppm Li; 492 ppm Sn and 271 ppm W: Including 140m - 191m (51m); Average 3,421 ppm Li; 519 ppm Sn and 361 ppm W; 226m - 243m (17m); Average 2,486 ppm Li; 804 ppm Sn and 79 ppm W: Including 237m - 243m (6m); Average 2,842 ppm Li; 1,398 ppm Sn and 49 ppm W; 251m - 261m (10m); Average 1,788 ppm Li; 912 ppm Sn; 21 ppm W; 287m - 299m (12 m); Average 2,283 ppm Li; 264 ppm Sn and 106 ppm W; 308m - 327m (19 m); Average 2,796 ppm Li; 648 ppm Sn and 228 ppm W; 334m - 344m (10m); Average 3,206 ppm Li; > 1,924 ppm Sn and 83 ppm W: Including 334 m - 341 m (7m), Average 3,851 ppm Li, > 2,641 ppm Sn and 64 ppm W Geological interpretation of the results: The positive results indicate the presence of lithium within the Schenkenshöhe deposit. The extent and shape of the lithium mineralisation needs to be further explored by additional drilling. The corresponding geological setting for Schenkenshöhe and Hegelshöhe suggests that the geological potential for greisen style Li /Sn /W mineralisation is analogous and warrants further definition. Whilst Falkenhain type greisen mineralisation is broadly comparable to Zinnwald type greisen ore, the Company intends to test the processing characteristics of this material further in upcoming test-work campaigns. Based on historic work, and from initial mineralogical studies undertaken by the Company, the main lithium bearing mineral at Falkenhain belongs to the Zinnwaldite Mica Group, while Cassiterite and Wolframite are respectively the main tin and tungsten ore minerals. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Graham Brown was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Graham Brown was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 10
Deutsche Lithium GmbH entered into an agreement to acquire Erris Resources Plc (AIM : ERIS) in a reverse merger transaction. Deutsche Lithium GmbH entered into an agreement to acquire Erris Resources Plc (AIM: ERIS) in a reverse merger transaction on October 8, 2020. Under the terms, Bacanora, parent of Deutsche Lithium will be selling its 50% share in Deutsche Lithium plus €1.35 million cash in exchange for 90.6 million new shares in Erris. Erris has also agreed to conditionally place of 75 million new shares. Upon completion of the Acquisition, Erris Gold Resources, holder of the Loch Tay Option Agreement, is to be spun out to the Existing Shareholders while future funding partners will be sought for Irish and Swedish projects of the transaction. The company will trade under the name of Zinnwald Lithium plc and its new ticker symbol will be ZNWD post the completion of the transaction. Anton du Plessis has become the Chief Executive Officer and Jeremy Martin has become Non-Executive Chairman of Erris with immediate effect. On admission, Peter Secker, Chief Executive Officer of Bacanora will join the Board as Non-Executive Director. The transaction is subject to approval by the shareholders of Erris and placing agreement becoming unconditional in all respects. The general meeting to approve the acquisition by the shareholders of Erris will be held on October 26, 2020. The transaction is expected to close on October 29, 2020. Sandy Jamieson and Liam Murray of Cairn Financial Advisers LLP acted as financial advisor to Deutsche Lithium in the transaction. David Hart and Liz Kirchner of Allenby Capital Limited acted as financial advisor to Erris in the transaction. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total losses of €675.0k, with losses narrowing by 33% from the prior year. Tillkännagivande • Sep 30
Erris Resources plc Announces Resignation of Jeremy Taylor-Firth as Non-Executive Director from the Board Erris Resources Plc announced that it is in the advanced stages of a transaction for the proposed acquisition from Bacanora Lithium plc of 50% of the issued share capital of Deutsche Lithium GmbH (Deutsche Lithium), the principal asset of which is the Zinnwald Lithium Project ("Zinnwald" or the "Project") in Germany of which it has joint operational control (the Proposed Acquisition). If the Proposed Acquisition proceeds, Bacanora will have the right to appoint two representatives to the board of Erris Resources. In preparation for the Proposed Acquisition, Mr. Jeremy Taylor-Firth, a non-executive director of Erris Resources, will be resigning on September 30, 2020 from his position on the Erris Resources board. 