Atlas Metals advances UPSA acquisition with drilling campaign and offtake interest

The latest announcement is out from MetalNRG Plc ( (GB:AMG) ).

Atlas Metals Group has moved a step closer to acquiring Universal Pozzolanic Silica Alumina Ltd, appointing SLR Consulting Australia to carry out a confirmatory drilling campaign at the Yammacoona Sand Quarry in New South Wales. The work, due to conclude in early 2026, is aimed at upgrading parts of the UPSA resource from inferred to measured status in a new Competent Person’s Report ahead of closing the deal, potentially strengthening the asset’s value and bankability. In parallel, UPSA has secured letters of interest from major UK construction customers for indicative volumes and pricing of its pozzolanic silica alumina sand, is in discussions with potential off-takers in the US, Africa and Australia, and is pursuing formal registration of carbon credits linked to emissions savings from substituting its material for traditional cement in concrete, with the intention of passing those credits on to customers. The flurry of commercial and technical activity underpins UPSA’s positioning in low-carbon building materials and, if the acquisition completes as planned, could enhance Atlas Metals’ exposure to decarbonisation trends in global construction markets.

More about MetalNRG Plc

Atlas Metals Group plc, listed on London’s AIM market under the ticker AMG, is a natural resources and energy company. The group is currently focused on securing and developing mineral assets, including pozzolanic silica alumina sand resources, with potential applications in construction materials and low-carbon cement substitutes across international markets.

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