Termination of Growth Capital Facility
NeoTerra Group PLC has announced the termination of its Growth Capital Facility, confirming that only the Initial Tranche Shares, totaling 12,000,000 Ordinary Shares issued at nominal value to Zeus, were transferred. The company states that no further Facility Shares were issued and that the return of the Initial Tranche Shares to its control will proceed according to the established mechanism within the facility agreement.
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NeoTerra (LSE: TERA) (OTCQB: ANRCF), the African critical minerals exploration and development company, announces that its Growth Capital Facility (the "Facility") referred to in its announcement of 6 May 2026 (the "Announcement"), has been terminated.
Pursuant to the Facility, the Company issued 12,000,000 Ordinary Shares to Zeus at nominal value representing only the Initial Tranche Shares. No further Facility Shares were issued to Zeus.
The return of the Initial Tranche Shares to the control of the Company will be dealt with in accordance with the mechanism established in the Facility agreement.
Capitalised terms in this announcement shall have the same meaning ascribed to them in the Announcement unless the context requires otherwise.
- 13.6Mt at 2.42% TREO
- 3.48Mt at 20.6% CaF2
- 11.73Mt at 54.7g/t Ga2O3
The project is held under a 25-year mining licence and has received US Government support in the form of a US$ 1.875 million grant from USTDA to advance the rare earths component through the prefeasibility stage.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.