RE: Should be 35p before RTO, post RTO 100p minimum27 Feb 2026 10:28
Market missed this vital rns
9 February 2026
Atlas Metals Group plc
("Atlas Metals" or the "Company")
Update on Kyrgyz Uranium Asset
Atlas Metals (LSE: AMG), the natural resources and energy company, is pleased to provide an update on the Company's interest in the Kamushanovskoye uranium deposit, located in northern Kyrgyzstan, 48km northeast of the capital of the Kyrgyz Republic, Bishkek (the "Project"). The Project is owned by International Mining Company Invest Inc. ("IMC"), a US based company, and currently Atlas Metals has a 10 % interest in IMC.
Whilst the Company's primary focus remains on the proposed acquisition of Universal Pozzolanic Silica Alumina Ltd ("UPSA") (the "Proposed Acquisition"), which is progressing well, this update is provided in view of the significant increase in the uranium price since the Company invested in the Project in 2018. At that time, the in-situ value of contained uranium totalled US$151 million at a uranium price of US$27-28/lb. Over the last six months, the uranium price has reached US$80-85/lb, placing a value of approximately US$700 million on the contained resources.