RE: Atlas Metals to become a Billion $ company17 Sep 2025 09:22
Chris Chadwick, Chief Executive Officer of Atlas, commented:
"We are delighted to have signed the conditional share purchase agreement to acquire UPSA. This transaction is anticipated to transform Atlas in the near term into a £1 billion plus market cap company, delivering substantial value for Atlas shareholders and a unique proposition on the London Stock Exchange.
"UPSA provides an opportunity to access a world-class PSA reserve at an attractive valuation. Given the positive environmental impact UPSA provides the international construction industry, the UPSA resources are already attracting interest from major cement and concrete players and will be targeted for use in private and government infrastructure development projects globally.
"We look forward to completing the transaction as soon as possible."