Caledonia Mining Corporation Plc: Utilisation of the block admission in respect of ATM Sales Agreement

Rhea-AI Summary

Caledonia Mining Corporation (NYSE: CMCL) provided an update on its At the Market (ATM) sales agreement with Cantor Fitzgerald & Co. The report covers the period from December 17, 2024, to June 16, 2025. Under the ATM scheme, there are 4,000,000 depositary interests representing common shares that have not been issued. During the reporting period, no securities were issued or allotted under the scheme. The balance of securities not yet issued remains at 4,000,000 depositary interests. This update is in compliance with Rule 29 of the AIM Rules for Companies, providing transparency regarding the company's ATM facility status.

ST HELIER, Jersey, June 16, 2025 (GLOBE NEWSWIRE) -- In accordance with Rule 29 of the AIM Rules for Companies (“the AIM Rules”), Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) gives below the information required by Schedule Six of the AIM Rules in connection with its "At the Market" or "ATM" sales agreement with Cantor Fitzgerald & Co (“Cantor”) (the “ATM Sales Agreement”), as announced on December 17, 2024.

Name of company:	Caledonia Mining Corporation Plc
Name of scheme:	ATM Sales Agreement
Period of return:	From December 17, 2024 to June 16, 2025
Number and class of securities not issued under the scheme:	4,000,000 depositary interests representing the same number of common shares
Number of securities issued/allotted under scheme during period:	Nil
Balance under scheme of securities not yet issued/allotted at end of period:	4,000,000 depositary interests  representing the same number of common shares
Number and class of securities originally admitted pursuant to the scheme and the date of admission:	Nil
Contact name and telephone number:	As below

Enquiries:

Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall	Tel: +44 1534 679 800 Tel: +44 7817 841 793
Cavendish Securities plc (Nomad and Joint Broker) Adrian Hadden Neil McDonald Pearl Kellie	Tel: +44 (0)20 7220 0500
Liberum Capital Limited (Joint Broker) Scott Mathieson/Kane Collings	Tel: +44 20 3100 2000
BlytheRay Financial PR (UK) Tim Blythe/Megan Ray	Tel: +44 207 138 3204
3PPB (Financial PR, North America) Patrick Chidley Paul Durham	Tel: +1 917 991 7701 Tel: +1 203 940 2538
Curate Public Relations (Zimbabwe) Debra Tatenda	Tel: +263 77802131
IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd Mlotshwa	Tel: +263 (242) 745 119/33/39

FAQ

What is the current status of Caledonia Mining's (CMCL) ATM sales agreement?

As of June 16, 2025, Caledonia Mining has 4,000,000 depositary interests representing common shares not yet issued under the ATM sales agreement with Cantor Fitzgerald & Co.

How many shares did CMCL issue under the ATM scheme from December 2024 to June 2025?

Caledonia Mining Corporation did not issue or allot any securities under the ATM scheme during the period from December 17, 2024, to June 16, 2025.

What is the remaining balance of securities under CMCL's ATM scheme?

The remaining balance under the scheme is 4,000,000 depositary interests representing the same number of common shares that have not yet been issued or allotted.

When did Caledonia Mining establish its ATM sales agreement with Cantor Fitzgerald?

Caledonia Mining announced its ATM sales agreement with Cantor Fitzgerald & Co. on December 17, 2024.