Zinnwald Lithium agrees AMG offer to buy all remaining shares

(Alliance News) - AMG Critical Materials NV on Thursday said Zinnwald Lithium PLC has agreed to a cash and share acquisition by its subsidiary, AMG Lithium.

AMG Lithium held an approximate 29.32% stake as of Wednesday in Zinnwald, a Europe-focused lithium company.

Zinnwald has now accepted AMG Lithium's offer of 5.0 pence in cash and 0.001577 new AMG shares for each of the Zinnwald shares it does not already own.

The offer values Zinnwald at approximately 10.0p per share, or approximately GBP57.2 million, and values the shares not already owned by AMG Lithium at approximately GBP41.3 million.

AMG noted that the offer represents a roughly 63% premium to Zinnwald's 6.15p per share closing price on Wednesday.

Zinnwald shares closed 3.1% higher at 6.34p each on Thursday in London, before the agreement was announced.

AMG, a Netherlands-based specialty metals company, said it has been a significant and supportive Zinnwald shareholder through AMG Lithium since its initial investment in 2023, and that both remain supportive of Zinnwald's strategic potential.

"AMG and AMG Lithium intend to continue supporting the Zinnwald Lithium Group as part of the broader AMG Group and to bring the Zinnwald Lithium Group into closer alignment with the AMG Group's industrial capabilities, capital resources and technical expertise," AMG said. "Over the 18 to 24 months following completion of the acquisition, AMG and AMG Lithium intend to define and advance the scope of the Zinnwald Lithium project."

It added that the deal "offers a highly attractive balance of immediate value in cash and continued participation...enabling all Zinnwald Lithium shareholders to participate in future value creation within the AMG Group's broader industrial platform and as part of a well-capitalised, lower-risk and more diversified group."

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Zinnwald Lithium