Issue of new Ordinary Shares, exercise of warrants

8 December 2025

Atlas Metals Group plc

("Atlas Metals" or the "Company")

Issue of new Ordinary Shares, exercise of warrants, total voting rights

Atlas Metals (LON: AMG), the natural resources and energy company announces that, further to the Company's circular dated 5 November 2025 and the authorities approved by shareholders of the Company at the general meeting held on 1 December 2025, applications have been made to the Financial Conduct Authority ("FCA") and to London Stock Exchange plc ("London Stock Exchange") for the admission of 5,419,498 ordinary shares of nominal value £0.01 each ("Ordinary Shares") to be admitted to listing on the equity shares (transition) category of the Official List of the FCA and to trading on the main market for listed securities of London Stock Exchange ("Admission").

Admission relates to: (i) the admission of 2,463,408 Ordinary Shares in connection with a historic subscription announced by the Company in May 2024 (RNS number: 4987N), following which it has come to the attention of the Company that the relevant Ordinary Shares issued in connection with the subscription (the "Subscription Shares") were not admitted to trading, and (ii) the allotment of 2,500,000 new Ordinary Shares in settlement of certain historic fee arrangements (the "Fee Shares") and 456,090 new Ordinary Shares pursuant to the receipt by the Company of a notice of exercise of warrants to subscribe for a total of 456,090 new Ordinary Shares at an exercise price of 7.6 pence per Ordinary Share (the "Warrant Shares", together with the Fee Shares the "New Shares"). Admission of the Subscription Shares relates solely to the rectification of the historic admission to trading and listing of the Subscription Shares and does not affect the allotment and issue of the Subscription Shares or the previously announced voting rights of the Company.

Admission of the Subscription Shares is expected to occur on or around 9 December 2025 and admission of the New Shares is expected to occur on or around 10 December 2025. The Subscription Shares and the New Shares will rank pari passu in all respects with the existing Ordinary Shares.

Following Admission, the Company's issued ordinary share capital will comprise 17,736,541 Ordinary Shares, each carrying one vote. The Company does not hold any Ordinary Shares in treasury. The total number of voting rights in the Company following Admission will therefore be 17,736,541. With effect from Admission, this figure may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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