Sovereign Metals and Rio Tinto Investment Update

Sovereign Metals Limited (ASX:SVM) has announced that Rio Tinto Mining and Exploration Limited (Rio Tinto) has increased its shareholding in Sovereign to 19.9% by making an additional investment of A$690,360 through the issue of 1,290,392 Shares. This investment follows the exercise of unlisted options on 3 July 2024 and is in accordance with the Investment Agreement between Rio Tinto and Sovereign dated 16 July 2023.

Executive Commentary on Rio Tinto's Increased Shareholding

We are pleased to announce Rio Tinto's increased shareholding in Sovereign Metals Limited to 19.9%. This investment further strengthens our relationship with Rio Tinto and demonstrates their confidence in our company and its future prospects. We look forward to continuing our collaboration and leveraging Rio Tinto's expertise and resources to drive value for our shareholders and stakeholders.

Summary of Rio Tinto's Investment in Sovereign Metals

Sovereign Metals Limited has confirmed that Rio Tinto Mining and Exploration Limited has increased its shareholding to 19.9% through an additional investment of A$690,360. This investment aligns with the Investment Agreement between the two companies and signifies Rio Tinto's continued support and confidence in Sovereign Metals. The increased shareholding is expected to enhance collaboration and strategic initiatives between the two entities, paving the way for potential synergies and value creation. Sovereign Metals remains focused on its corporate strategy and looks forward to leveraging this strengthened partnership to drive sustainable growth and value creation for its stakeholders.