Results of Fundraising.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, SINGAPORE OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT HAS NOT BEEN APPROVED BY THE LONDON STOCK EXCHANGE, NOR IS IT INTENDED THAT IT WILL BE SO APPROVED. 

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

PRIOR TO PUBLICATION, THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT WAS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATION. WITH THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Zinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector: Mining

17 June 2025

Zinnwald Lithium plc ("Zinnwald Lithium" or the "Company")

Results of Fundraising

Zinnwald Lithium plc, the German focused lithium development company, is pleased to announce it has successfully completed a total fundraise of £3,154,550 (before expenses) at the Issue Price of 5 pence per share pursuant to the Placing and Subscription announced earlier today (the "Launch Announcement"). 

AMG have subscribed for 40,000,000 Subscription Shares at the Issue Price to increase their shareholding to 29.57% of the issued share capital of the Company as enlarged by the Placing and Subscription (the "Enlarged Share Capital").  Mark Tindall has subscribed for 8,400,000 Subscription Shares at the Issue Price to increase his shareholding to 5.24% of the Enlarged Share Capital. The Subscription has raised a total of £2.42 million (before expenses) for the Company.

A further total of 14,691,000 Placing Shares have been placed at the Issue Price with institutional and professional investors. As part of the Placing, Henry Maxey, a 14.62% shareholder, has subscribed for 10,000,000 Placing Shares, increasing his shareholding based on the Enlarged Share Capital to 14.74%. The Placing has raised a total of £734,550 (before expenses) for the Company.

Oberon Capital and Tamesis Partners acted as joint bookrunners in connection with the Placing.

Application will be made shortly for a total of 63,091,000 new ordinary shares (comprising 14,691,000 Placing Shares and 48,400,000 Subscription Shares) to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 24 June 2025. 

A further announcement setting out, inter alia, the results of the Retail Offer and the proportion of the enlarged issued share capital of the Company (following both the Fundraising and the Retail Offer) held by AMG, Mark Tindall and Henry Maxey will be published shortly after the closing of the Retail Offer which is expected to take place on 18 June 2025.

Anton du Plessis, Chief Executive Officer of Zinnwald, commented:

"We are delighted to have successfully completed this fundraising, particularly given the continued challenging market conditions. The strong support we have received from both existing and new shareholders is a clear endorsement of our strategy and the long-term value potential of the Zinnwald Lithium Project. We are especially grateful to our core investors for their continued confidence in the Company. This funding puts us in a strong position to continue advancing our work towards delivering a secure and sustainable lithium supply for Europe."

Related party transaction

Henry Maxey is a substantial shareholder in the Company with a beneficial interest in 14.6% of the Company's current issued share capital. Mr Maxey has participated in the Placing for 10,000,000 Placing Shares at the Issue Price. This constitutes a related party transaction pursuant to rule 13 of the AIM Rules for Companies.

The Independent Directors of the Company for the purposes of the Fundraising (being all the Directors with the exception of Dr Stefan Scherer who is an appointee of AMG) consider that, having consulted with the Company's Nominated Adviser, Allenby Capital for the purposes of the AIM Rules, the transaction between the Company and Henry Maxey is fair and reasonable insofar as the Company's shareholders are concerned.

Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the Launch Announcement made by the Company earlier today.

For further information contact:

Notes

AIM quoted Zinnwald Lithium plc (EPIC: ZNWD.L) is focused on becoming an important supplier of lithium hydroxide to Europe's fast-growing battery sector. The Company owns 100% of the Zinnwald Lithium Project in Germany, which has an approved mining licence, is located in the heart of Europe's chemical and automotive industries and has the potential to be one of Europe's more advanced battery grade lithium projects.