Led by Dusseldorf partner Prof. Dr. Thomas Duenchheim, global law firm Hogan Lovells has advised the world’s largest producer of tantalum ores, AMG Advanced Metallurgical Group N.V., on German environmental aspects in connection with a 25% stake in Zinnwald Lithium Plc, a British supplier of battery-grade lithium hydroxide. American multinational law firm, Paul, Weiss, Rifkind, Wharton & Garrison, led inter alia the corporate part and was in lead of the transaction advice.

The agreement led to the subscription by lead investor AMG with  118,996,738 million newly issued ordinary shares in the accelerated bookbuild of Zinnwald. The shares will be subscribed for at a 10% premium to the 20-day Volume Weighted Average Price (“VWAP”) as of the close of market on March 20, 2023, that is, a price of 10.41 pence per share. Upon admission of the newly issued ordinary shares, expected on March 29, AMG will become a 25% shareholder of Zinnwald.

Together the partners will pursue a definitive feasibility study for Zinnwald’s raw material base project in Eastern Germany, close to AMG’s operations in Bitterfeld, which will open logistical and strategic benefits.

Coordinated with Paul, Weiss, Rifkind, Wharton & Garrison, Hogan Lovells has advised AMG in the environmental and especially mining law regulation issues of this transaction. Prof. Dr. Thomas Duenchheim, Head of Global Regulatory & IPMT EMEA and the Environmental Law Group, and his team regularly advise on environmental and regulatory aspects of complex operations.

Hogan Lovells Team for AMG Advanced Metallurgical Group N.V.

Prof. Dr. Thomas Duenchheim (Partner), Damian Sternberg (Senior Associate), Dr. Viktoria Herold, Dr. Noel Schroeder, LL.M. (Associates) (all Global Regulatory, Environmental law, Dusseldorf).