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Atlas Metals Group signed a non-binding Letter of Intent to acquire Universal Pozzolanic Silica Alumina Ltd (UPSA), which has commercialization rights to a pozzolanic silica alumina reserve in Australia with 250 million tonnes and extraction rights for 99 years.
“The board of directors of Atlas is now pleased to report that discussions with the shareholders of one such target, Universal Pozzolanic Silica Alumina Ltd, have progressed to the stage where Atlas signed on 16 June 2025 a non-binding Letter of Intent to acquire the entire issued share capital of UP”markets.ft.com
Summarized from public sources; check the original articles before acting on it.