REG - Sovereign Metals Ltd - Issue of Performance Rights
18/02/2026 07:00
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RNS Number : 4797T Sovereign Metals Limited 18 February 2026
NEWS RELEASE I 18 February 2026
Issue OF PERFORMANCE RIGHTS
Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX:SVMLF) (Sovereign or the
Company) advises that it has today issued 8,650,000 unlisted performance
rights to Directors following shareholder approval as follows:
· 3,600,000 unlisted performance rights subject to the "Bankable
Definitive Feasibility Study Milestone" expiring on or before 30 June 2026;
and
· 5,050,000 performance rights subject to the "Construction and
Finance Milestone" that have no exercise price and expire 30 June 2028.
Following the issue of these unlisted performance rights, the Company has the
following securities on issue:
· 646,938,703 fully paid ordinary shares (of no par value);
· 4,992,500 unlisted performance rights subject to the "Grant of
Mining Licence Milestone" expiring on or before 31 March 2026 (expected to
lapse unvested);
· 6,190,000 unlisted performance rights subject to the "Final
Investment Decision Milestone" expiring on or before 30 June 2026 (expected to
lapse unvested);
· 9,022,500 unlisted performance rights subject to the "Bankable
Definitive Feasibility Study Milestone" expiring on or before 30 June 2026;
and
· 13,262,500 performance rights subject to the "Construction and
Finance Milestone" that have no exercise price and expire 30 June 2028.
Change of Directors' Interest Notices are provided below.
Enquiries
Dylan Browne
Company Secretary
+61 8 9322 6322
Nominated Adviser on AIM and Joint Broker
SP Angel Corporate Finance LLP +44 20 3470 0470
Ewan Leggat
Charlie Bouverat
Joint Broker
Stifel +44 20 7710 7600
Varun Talwar
Ashton Clanfield
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as
available. Information and documents given to ASX become ASX's property and
may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity SOVEREIGN METALS LIMITED
ABN 71
120 833 427
We (the entity) give ASX the following information under listing rule 3.19A.2
and as agent for the director for the purposes of section 205G of the
Corporations Act.
Name of Director Benjamin Stoikovich
Date of last notice 31 October 2025
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of
the definition of "notifiable interest of a director" should be disclosed in
this part.
Direct or indirect interest Direct and Indirect
Nature of indirect interest Selwyn Capital Limited (beneficial interest)
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change 18 February 2026
No. of securities held prior to change (a) 4,190,000
(b) 650,000
(c) 900,000
(d) -
(e) -
Class (a) Ordinary Fully Paid Shares
(b) Unlisted Performance Rights subject to the "Grant of Mining Licence
Milestone" expiring 31 March 2026
(c) Unlisted Performance Rights subject to the "Final Investment Decision
Milestone" expiring 30 June 2026
(d) Unlisted Performance Rights subject to the "Bankable Definitive
Feasibility Study Milestone", expiring 30 June 2026
(e) Unlisted Performance Rights subject to the "Construction and Finance
Milestone", expiring 30 June 2028
Number acquired (d) 900,000
(e) 1,550,000
Number disposed Nil
Value/Consideration Not applicable - see nature of change below
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change (a) 4,190,000
(b) 650,000
(c) 900,000
(d) 900,000
(e) 1,550,000
Nature of change Issue of Performance Rights following shareholder approval
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of
the definition of "notifiable interest of a director" should be disclosed in
this part.
Detail of contract Not applicable
Nature of interest Not applicable
Name of registered holder Not applicable
(if issued securities)
Date of change Not applicable
No. and class of securities to which interest related prior to change Not applicable
Note: Details are only required for a contract in relation to which the
interest has changed
Interest acquired Not applicable
Interest disposed Not applicable
Value/Consideration Not applicable
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change Not applicable
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during No
a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed Not applicable
during this period?
If prior written clearance was provided, on what date was this provided? Not applicable
Initial notification/Amendment Initial
LEI 213800NSPXSASTENFQ34
Place of transaction Outside a trading venue
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as
available. Information and documents given to ASX become ASX's property and
may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity SOVEREIGN METALS LIMITED
ABN 71
120 833 427
We (the entity) give ASX the following information under listing rule 3.19A.2
and as agent for the director for the purposes of section 205G of the
Corporations Act.
Name of Director Francis (Frank) Eagar
Date of last notice 31 October 2025
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of
the definition of "notifiable interest of a director" should be disclosed in
this part.
Direct or indirect interest Direct
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change 18 February 2026
No. of securities held prior to change (a) 500,000
(b) 800,000
(c) 1,100,000
(d) -
(e) -
Class (a) Ordinary Fully Paid Shares
(b) Unlisted Performance Rights subject to the "Grant of Mining Licence
Milestone" expiring 31 March 2026
(c) Unlisted Performance Rights subject to the "Final Investment Decision
Milestone" expiring 30 June 2026
(d) Unlisted Performance Rights subject to the "Bankable Definitive
Feasibility Study Milestone", expiring 30 June 2026
(e) Unlisted Performance Rights subject to the "Construction and Finance
Milestone", expiring
30 June 2028
Number acquired (d) 1,500,000
(e) 2,000,000
Number disposed Nil
Value/Consideration Not applicable - see nature of change below
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change (a) 500,000
(b) 800,000
(c) 1,100,000
(d) 1,500,000
(e) 2,000,000
Nature of change Issue of Performance Rights following shareholder approval
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of
the definition of "notifiable interest of a director" should be disclosed in
this part.
Detail of contract Not applicable
Nature of interest Not applicable
Name of registered holder Not applicable
(if issued securities)
Date of change Not applicable
No. and class of securities to which interest related prior to change Not applicable
Note: Details are only required for a contract in relation to which the
interest has changed
Interest acquired Not applicable
Interest disposed Not applicable
Value/Consideration Not applicable
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change Not applicable
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during No
a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed Not applicable
during this period?
If prior written clearance was provided, on what date was this provided? Not applicable
Initial notification/Amendment Initial
LEI 213800NSPXSASTENFQ34
Place of transaction Outside a trading venue
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as
available. Information and documents given to ASX become ASX's property and
may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity SOVEREIGN METALS LIMITED
ABN 71
120 833 427
We (the entity) give ASX the following information under listing rule 3.19A.2
and as agent for the director for the purposes of section 205G of the
Corporations Act.
Name of Director Julian Stephens
Date of last notice 31 October 2025
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of
the definition of "notifiable interest of a director" should be disclosed in
this part.
Direct or indirect interest Indirect
Nature of indirect interest One Way Trust (beneficial interest)
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change 18 February 2026
No. of securities held prior to change (a) 13,557,518
(b) -
(c) -
Class (a) Ordinary Fully Paid Shares
(b) Unlisted Performance Rights subject to the "Bankable Definitive
Feasibility Study Milestone", expiring 30 June 2026
(c) Unlisted Performance Rights subject to the "Construction and Finance
Milestone", expiring 30 June 2028
Number acquired (b) 600,000
(c) 600,000
Number disposed Nil
Value/Consideration Not applicable - see nature of change below
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change (a) 13,557,518
(b) 600,000
(c) 600,000
Nature of change Issue of Performance Rights following shareholder approval
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of
the definition of "notifiable interest of a director" should be disclosed in
this part.
Detail of contract Not applicable
Nature of interest Not applicable
Name of registered holder Not applicable
(if issued securities)
Date of change Not applicable
No. and class of securities to which interest related prior to change Not applicable
Note: Details are only required for a contract in relation to which the
interest has changed
Interest acquired Not applicable
Interest disposed Not applicable
Value/Consideration Not applicable
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change Not applicable
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during No
a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed Not applicable
during this period?
If prior written clearance was provided, on what date was this provided? Not applicable
Initial notification/Amendment Initial
LEI 213800NSPXSASTENFQ34
Place of transaction Outside a trading venue
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as
available. Information and documents given to ASX become ASX's property and
may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity SOVEREIGN METALS LIMITED
ABN 71
120 833 427
We (the entity) give ASX the following information under listing rule 3.19A.2
and as agent for the director for the purposes of section 205G of the
Corporations Act.
Name of Director Mark Pearce
Date of last notice 31 October 2025
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of
the definition of "notifiable interest of a director" should be disclosed in
this part.
Direct or indirect interest Direct and Indirect
Nature of indirect interest · Mr Mark Pearce and Mrs Natasha Pearce (trustee
and beneficial interest)
(including registered holder)
· Apollo Group Pty Ltd (director and indirect shareholder)
Note: Provide details of the circumstances giving rise to the relevant
interest. · Crystal Brook Investments Pty Ltd (director and beneficial
interest)
· Roseberry Holdings Pty Ltd director and beneficial interest)
Date of change 18 February 2026
No. of securities held prior to change (a) 4,161,151
(b) 250,000
(c) 400,000
(d) -
(e) -
Class (a) Ordinary Fully Paid Shares
(b) Unlisted Performance Rights subject to the Grant of Mining Licence
Milestone" expiring 31 March 2026
(c) Unlisted Performance Rights subject to the "Final Investment
Decision Milestone" expiring 30 June 2026
(d) Unlisted Performance Rights subject to the "Bankable Definitive
Feasibility Study Milestone", expiring 30 June 2026
(e) Unlisted Performance Rights subject to the "Construction and
Finance Milestone", expiring 30 June 2028
Number acquired (d) 300,000
(e) 650,000
Number disposed Nil
Value/Consideration Not applicable - see nature of change below
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change (a) 4,161,151
(b) 250,000
(c) 400,000
(d) 300,000
(e) 650,000
Nature of change Issue of Performance Rights following shareholder approval
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of
the definition of "notifiable interest of a director" should be disclosed in
this part.
Detail of contract Not applicable
Nature of interest Not applicable
Name of registered holder Not applicable
(if issued securities)
Date of change Not applicable
No. and class of securities to which interest related prior to change Not applicable
Note: Details are only required for a contract in relation to which the
interest has changed
Interest acquired Not applicable
Interest disposed Not applicable
Value/Consideration Not applicable
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change Not applicable
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during No
a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed Not applicable
during this period?
If prior written clearance was provided, on what date was this provided? Not applicable
Initial notification/Amendment Initial
LEI 213800NSPXSASTENFQ34
Place of transaction Outside a trading venue
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as
available. Information and documents given to ASX become ASX's property and
may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity SOVEREIGN METALS LIMITED
ABN 71
120 833 427
We (the entity) give ASX the following information under listing rule 3.19A.2
and as agent for the director for the purposes of section 205G of the
Corporations Act.
Name of Director Nigel Jones
Date of last notice 31 October 2025
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by
the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of
the definition of "notifiable interest of a director" should be disclosed in
this part.
Direct or indirect interest Direct and Indirect
Nature of indirect interest Redbeck Partners Ltd (beneficial interest)
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change 18 February 2026
No. of securities held prior to change (a) 225,000
(b) 100,000
(c) 150,000
Class (a) Ordinary Fully Paid Shares
(b) Unlisted Performance Rights subject to the Grant of Mining Licence
Milestone" expiring 31 March 2026
(c) Unlisted Performance Rights subject to the "Final Investment Decision
Milestone" expiring 30 June 2026
(d) Unlisted Performance Rights subject to the "Bankable Definitive
Feasibility Study Milestone", expiring 30 June 2026
(e) Unlisted Performance Rights subject to the "Construction and Finance
Milestone", expiring
30 June 2028
Number acquired (d) 300,000
(e) 250,000
Number disposed Nil
Value/Consideration Not applicable - see nature of change below
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change (a) 225,000
(b) 100,000
(c) 150,000
(d) 300,000
(e) 250,000
Nature of change Issue of Performance Rights following shareholder approval
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of
the definition of "notifiable interest of a director" should be disclosed in
this part.
Detail of contract Not applicable
Nature of interest Not applicable
Name of registered holder Not applicable
(if issued securities)
Date of change Not applicable
No. and class of securities to which interest related prior to change Not applicable
Note: Details are only required for a contract in relation to which the
interest has changed
Interest acquired Not applicable
Interest disposed Not applicable
Value/Consideration Not applicable
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change Not applicable
Part 3 - +Closed period
Were the interests in the securities or contracts detailed above traded during No
a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed Not applicable
during this period?
If prior written clearance was provided, on what date was this provided? Not applicable
Initial notification/Amendment Initial
LEI 213800NSPXSASTENFQ34
Place of transaction Outside a trading venue
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