Almasane Alkobra Mining Company (AMAK) announced the issuance of an exploration license for Manganese from the Ministry of Industry and Mineral Resources. License location: Al-Baha Province. License No:144545.

License Issuance date: July 1, 2024. License Expiry date: June 30, 2029. Total Area: 20.7 km2.

The company will carry out the necessary exploration studies during the statutory period to ensure the availability of the required raw materials. The financial impact value and timing of this license will become clear after the completion of exploration work and studies within the legal period, and the company will announce any major developments regarding this license.