SOVEREIGN METALS LTD

Director Julian Stephens sold 1,000,000 ordinary shares of Sovereign Metals on the ASX via a special crossing trade at A$0.675 per share, reducing his indirect holding from 14,157,518 to 13,157,518 shares. The proceeds of A$675,000 were used to pay personal tax and other liabilities. Stephens continues to hold 600,000 unlisted performance rights expiring on 30 June 2028; the transaction did not occur during a blackout period. » Plus sur de.investing.com

Sovereign Metals has signed a non-binding memorandum of understanding with Mitsui for the supply of up to 70,000 tonnes per year of natural rutile concentrate (titanium dioxide content >95%) from the Kasiya project in Malawi. The agreement provides for an initial term of four years from the planned start of production in 2030 with an option to extend for five years and is non-exclusive; pricing will be market-based. The MoU is valid for two years and is subject to existing agreements with Rio Tinto and the International Finance Corporation. » Plus sur de.investing.com

Sovereign Metals has produced a monazite concentrate with high heavy rare earth content from the rutile processing residues of the Kasiya project in Malawi, averaging 2.9% combined dysprosium‑terbium and 11.9% yttrium. The concentrate was recovered from material that would otherwise be discarded and is not expected to require extensive additional processing beyond the existing rutile and graphite flowsheet. The company plans further mineralogical evaluations and economic studies; high market prices and export controls from China have increased the strategic significance of the findings. » Plus sur de.investing.com

At Sovereign Metals’ annual general meeting in Perth, investors voted in favour of all four resolutions, including the re-election of directors Benjamin Stoikovich and Ian Middlemas (each 76% support) and the ratification of a share placement (99%). However, the remuneration report received 43% votes against and thus triggered a so‑called first strike under Australian law. Votes were taken individually; pre-submitted proxy votes made up a large portion of the total. Sovereign Metals shares are traded on the ASX, AIM and OTCQX. » Plus sur de.investing.com

Sovereign Metals reports the lapse of 10,977,500 unlisted performance rights on 31 October 2025 without exercise or conversion. The capital structure now comprises 646,938,703 fully paid ordinary shares. Two categories of unlisted rights remain (4,992,500 mining licence grant rights expiring 31 March 2026; 6,190,000 final investment decision rights expiring 30 June 2026). Notices of changes to holdings were filed for five affected directors; the company made no comment on the reasons for the rights lapsing or on the status of the final feasibility study. » Plus sur de.investing.com