05/03/25 16:05:00

Public disclosure of inside information according to article 17 MAR

SunMirror AG: Decision to issue a writ of Summons between Pharlap Holdings Pte Ltd and MCC Australia Sanjin Pty Ltd

Zug (pta026/05.03.2025/16:05 UTC+1)

Zug, Switzerland: March 5th, 2025.

SunMirror AG ("SunMirror"; ISIN ) hereby announces that it has decided to have a writ of summons issued on behalf of its subsidiary Pharlap Holdings Pte Ltd ("Plaintiff") in the Supreme Court of Western Australia against MCC Australia Sanjin Mining Pty Ltd (the "Defendant"), its counterparty under a 2005 Royalty Deed (as assigned) covering the Cape Lambert Magnetite Project, for breach of the terms of the Royalty Deed.

The writ includes a claim for damages, interest on damages and costs.

About SunMirror AG

*****

The Group invests into strategic mineral exploration assets with a strong focus on sustainable green battery metals, such as cobalt, lithium and nickel, as well as copper and gold deposits in developed markets. The company aims to either produce minerals at a later stage or sell those assets to strategic buyers. SunMirror's key exploration assets acquired in 2020, are currently located in Western Australia but the Group aims to complement its portfolio with additional early-stage mining licenses, focused on Europe with the ultimate aim of providing a secure, stable and sustainable supply of battery raw materials to support the electric revolution. SunMirror's core belief is that exploring for green battery metals must be accompanied by a sustainable approach to mining, thereby aiming to become a reference in terms of "responsible exploration".

The company's shares (ISIN ) are listed on the Vienna Stock Exchange (auction trading, ticker: ROR1). For further information, please visit: www.sunmirror.com.

Contact

COMMUNICATION PUBLIC AFFAIRS
Alexander Schmitt-Geiger

Office Munich
Schwandorfer Str. 3
81549 Munich – Germany
Tel.:+49 (0) 89 51 39 96 00
Mail: schmitt@public-affairs-net.de
Web: www.public-affairs-net.de

(end)

Emitter: SunMirror AG
General-Guisan-Strasse 6
6300 Zug
Switzerland
Contact Person: Alexander Schmitt-Geiger, COMMUNICATION PUBLIC AFFAIRS
Phone: +49 89 51399600
E-Mail: info@sunmirror.ch
Website: www.sunmirror.ch
ISIN(s): (Share)
Stock Exchange(s): Vienna Stock Exchange (Official Trade)

[ source: https://www.pressetext.com/news/1741187100857 ]

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