AMG Critical Materials agreed on 14 May a recommended cash-and-share acquisition of Zinnwald Lithium, the AIM-listed developer of a lithium project in eastern Germany, valuing the company at about £57.2m.
Why AMG Critical Materials N.V. (AMG Lithium B.V.) is buying Zinnwald Lithium plc
AMG said it has backed Zinnwald Lithium since 2023, providing more than £14m of funding, and wants to use its industrial capabilities and capital to advance one of Europe's major lithium reserves while consolidating the region's critical minerals industry.
Deal terms and financing
Shareholders other than AMG receive 5.0p in cash and 0.001577 new AMG shares per share, together about 10.0p based on AMG's 30-day average price. Former Zinnwald shareholders will own about 1.79% of the enlarged AMG.
Regulatory approvals and timing
The deal was implemented by a UK scheme of arrangement, approved by shareholders on 13 July and sanctioned by the court on 23 July. It became effective on 27 July 2026 and the shares were removed from AIM.
Market context
Zinnwald Lithium's main asset is a planned integrated underground mine and processing plant in eastern Germany to produce battery-grade lithium hydroxide. It first acquired 50% of the project in 2020 and later secured the remainder.
