The last weeks of March were quite intense at AMG, first with the announcement of the acquisition of a 25% stake in Zinnwald Lithium PLC, and later with the Capital Markets Day focused on AMG Lithium. Zinnwald Lithium PLC 25% Stake Acquisiton On March 23rd, AMG acquired a 25.13% stake in Zinnwald Lithium PLC (LON: ZNWD) via the subscription of 118,996,738 newly issued shares for a total subscription amount of 12.4M. The net proceeds from the fundraising will be used to advance the Zinnwald Lithium Project in Germany towards a value optimised bankable feasibility study (BFS) for lithium hydroxide and towards the continued exploration of the potential to expand the size and scope of the project.
AMG Advanced Metallurgical Group N.V. Update
AMG Advanced Metallurgical Group N.V. Update
AMG Advanced Metallurgical Group N.V. Update
The last weeks of March were quite intense at AMG, first with the announcement of the acquisition of a 25% stake in Zinnwald Lithium PLC, and later with the Capital Markets Day focused on AMG Lithium. Zinnwald Lithium PLC 25% Stake Acquisiton On March 23rd, AMG acquired a 25.13% stake in Zinnwald Lithium PLC (LON: ZNWD) via the subscription of 118,996,738 newly issued shares for a total subscription amount of 12.4M. The net proceeds from the fundraising will be used to advance the Zinnwald Lithium Project in Germany towards a value optimised bankable feasibility study (BFS) for lithium hydroxide and towards the continued exploration of the potential to expand the size and scope of the project.