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MetalNRG Plc ( (GB:AMG) ) has issued an update.
Atlas Metals Group plc has signed a non-binding Letter of Intent to acquire Universal Pozzolanic Silica Alumina Ltd, which holds significant pozzolanic silica alumina reserves in Australia. This acquisition, if completed, would constitute a reverse takeover under UK Listing Rules and potentially transform Atlas’s business operations. Additionally, Atlas is selling its Gold Ridge asset in Arizona as part of its strategy to focus on core assets and pursue further acquisition opportunities.
More about MetalNRG Plc
Atlas Metals Group plc is a company focused on building a global natural resources business. The company is involved in the mining industry and aims to deliver industry-leading returns to its shareholders. Atlas is actively pursuing acquisitions to expand its portfolio and has recently entered into an agreement to sell non-core assets as part of its strategic growth plan.
Average Trading Volume: 41,202
Technical Sentiment Signal: Sell
Current Market Cap: £1.37M
See more insights into AMG stock on TipRanks’ Stock Analysis page.