Curzon Energy PLC Corporate Update (0031Z)

TIDMCZN

RNS Number : 0031Z

Curzon Energy PLC

11 May 2023

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

Curzon Energy Plc

("Curzon" or the "Company")

Corporate Update

11 May 2023

Curzon Energy Plc (LON:CZN), the London Stock Exchange listed company, announces that under the terms of the LOI initially announced on 19 April 2023, Technology Metals Market Ltd ("TM2") has informed the Company of a further extension of the existing exclusivity period through 19 May 2023.

The parties continue to diligently work towards the execution and delivery of a definitive purchase agreement, contemplating a reverse takeover of Curzon by a target to be designated by TM2 ("RTO"), which will be conditional upon receipt of the required regulatory approvals from the FCA and its primary market functions, among other matters.

A potential transaction, if completed, would constitute a reverse takeover under the Listing Rules. The Company will continue to update the market on progress as appropriate.

About Technology Metals Market Limited

TM2 is an investment holding company incorporated in England and Wales with offices in London and Dubai, focused on the critical metals transition. TM2 is developing a global network of supply, extending from the mines (upstream) through the smelters, processors and convertors (midstream) and into the distribution networks of global brands. Its portfolio of more than a dozen verticals covers key battery metals such as lithium, graphite, manganese, zinc or nickel.

 
 For further information please 
  contact: 
 
 Curzon Energy Plc                 [phone] 
 Scott Kaintz 
 www.curzonenergy.com 
 
 

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May 11, 2023 02:00 ET (06:00 GMT)