{"id":13993,"date":"2024-12-23T13:00:00","date_gmt":"2024-12-23T18:00:00","guid":{"rendered":"https:\/\/amg-nv.com\/investors\/press-release\/amg-critical-materials-signs-letter-of-intent-to-repurchase-40-stake-in-its-subsidiary-graphit-kropfmuhl\/"},"modified":"2024-12-23T13:00:00","modified_gmt":"2024-12-23T18:00:00","slug":"amg-critical-materials-signs-letter-of-intent-to-repurchase-40-stake-in-its-subsidiary-graphit-kropfmuhl","status":"publish","type":"feed_posts","link":"https:\/\/amg-nv.com\/investors\/press-release\/amg-critical-materials-signs-letter-of-intent-to-repurchase-40-stake-in-its-subsidiary-graphit-kropfmuhl\/","title":{"rendered":"AMG Critical Materials Signs Letter of Intent to Repurchase 40% Stake in its Subsidiary Graphit Kropfm\u00fchl\u00a0"},"content":{"rendered":"

Amsterdam, 23 December 2024<\/em><\/strong> (Regulated Information)<\/em><\/strong> —<\/em> AMG Critical Materials N.V. (\u201cAMG\u201d, EURONEXT AMSTERDAM: \u201cAMG\u201d) is pleased to announce the signing of a letter of intent to repurchase a 40% ownership interest in Graphit Kropfm\u00fchl GmbH (“GK<\/strong>“) currently owned by Alterna Capital Partners (“Alterna<\/strong>“). The purchase price can be paid in cash at the end of a three-year period, or in the form of AMG shares at any point within the three years at AMG’s discretion. To the extent that AMG elects to pay any portion of the purchase price in the form of AMG shares, these shares would be subject to a holding period of 6-18 months depending on when AMG elects to transfer or issue the shares to Alterna. Alterna has committed to vote any such shares in line with the recommendations of AMG’s Management and Supervisory Boards. At the end of the holding period, Alterna has given AMG the right of first refusal to purchase such shares.<\/p>\n

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.<\/em><\/p>\n

This press release contains regulated information as defined in the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht).<\/em><\/p>\n

About AMG<\/strong><\/p>\n

AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2<\/sub> in aerospace engines, as well as critical materials addressing CO2<\/sub> reduction in a variety of other end use markets.<\/p>\n

AMG\u2019s Lithium segment spans the lithium value chain, reducing the CO2<\/sub> footprint of both suppliers and customers. AMG\u2019s Vanadium segment is the world\u2019s market leader in recycling vanadium from oil refining residues, spanning the Company\u2019s vanadium, titanium, and chrome businesses. AMG\u2019s Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company\u2019s fast-growing LIVA batteries, and spans AMG\u2019s mineral processing operations in graphite, antimony, and silicon metal.<\/p>\n

With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, and Sri Lanka, and has sales and customer service offices in Japan (www.amg-nv.com<\/a>).<\/p>\n

For further information, please contact:<\/strong>
AMG Critical Materials N.V.<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0+1 610 975 4979<\/strong>
Michele Fischer<\/strong>
mfischer@amg-nv.com<\/a><\/p>\n

Disclaimer<\/u><\/p>\n

Certain statements in this press release are not historical facts and are \u201cforward looking.\u201d Forward looking statements include statements concerning AMG\u2019s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG\u2019s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG\u2019s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words \u201cexpects,\u201d \u201cbelieves,\u201d \u201canticipates,\u201d \u201cplans,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. These forward-looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward-looking statement is based.<\/p>\n

\n Attachment<\/strong>\n<\/p>\n