Atlas Metals Group PLC
Key information
Key information
Sector
Basic Materials
Website
Close date
Delivery
Placing price
Last price
Discount
Amount raised
11p
18 p
39 %
£500,000
Company description
Atlas Metals Group plc is a UK-based natural resources investment company listed on AIM, focused on a range of different commodities across the mining and materials sector. Atlas has announced a conditional, all-share agreement to acquire Universal Pozzolanic Silica Alumina Ltd (UPSA), a private company with a significant pozzolanic silica alumina resource used in low-carbon “green concrete”. The proposed £1 billion transaction would constitute a reverse takeover, resulting in UPSA shareholders holding a controlling stake in the enlarged group. Completion remains subject to due diligence, regulatory and shareholder approvals, and re-admission to the market.
Use of proceeds
The use of proceeds is for general working capital purposes.
Important notices
This website contains links to other websites and resources provided by third parties. These links are provided for your information only and we accept no responsibility for them or for any loss or damage that may arise from your use of them.
Investing in financial products involves taking risk. The value of investments can go up as well as down and you may receive back less than your original investment. CMC Markets UK plc trading as CMC CapX (“CMC”) does not provide investment advice of any kind and individual investors should make their own decisions or seek independent advice regarding the merits of entering into, and the suitability of, any investment. Nothing on this website and no communication from CMC should be construed as an investment recommendation. Only professional clients and eligible counterparties are eligible to participate in any offering in connection with CMC's services. There are inherent risks associated with investing in such offerings and such investments should only be made as part of a diversified portfolio. Nothing on this website constitutes an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful.
Please read our Risk Warning before making any investment decisions.
Participate in exclusive deals
Start investing in exclusive deals.