Tyranna Moves to Full Control of Angolan Minerals with Share-Based Deal

Tyranna Consolidates Angolan Operations with Final Stake Acquisition

Tyranna Resources (ASX:TYX) is taking full control of its Angolan subsidiary Angolan Minerals by acquiring the remaining 20% it does not already own. The move aims to streamline future commercial dealings and deepen Tyranna’s grip on its lithium and gold exploration assets in Angola, notably the Namibe Lithium-Caesium and Chinguar Gold Projects.

The acquisition is structured in two parts: the first tranche involves shares held by all minority shareholders except director Paul Williams, with completion expected by 7 May 2026. The second tranche covers Williams’ shares and is contingent on shareholder and regulatory approvals, targeted for completion by 31 July 2026. Tyranna will pay for the acquisition with 150 million fully paid shares and 225 million options exercisable at $0.006 each over four years.

Royalty Arrangement Adds Long-Term Revenue Stream

Alongside the second tranche completion, Tyranna will grant a 0.75% royalty on gross revenue generated from the Royalty Area of the tenement held by Angolan Minerals’ subsidiary Angolitio Exploração Mineira. This royalty excludes the Muvero Prospect area but includes the Caniqui Prospect if acquired in future, though there are currently no plans to do so. Payments are scheduled quarterly, potentially providing a steady income stream aligned with project development.

Managing Director David Crook highlighted the strategic intent behind the acquisition, noting it simplifies commercial arrangements and offers minority shareholders broader exposure to Tyranna’s expanding business activities in Angola. The deal also reflects Tyranna’s ongoing commitment to developing demand-driven commodities critical to the clean energy transition.

Advancing Exploration Amid Regulatory Steps

Tyranna’s Namibe project is progressing with an environmental impact study and plans for trenching to test near-surface spodumene and pollucite mineralisation at the Muvero Prospect. Meanwhile, the Chinguar Gold Project continues to reveal promising artisanal workings, supporting the potential for significant discoveries. These operational advances come after recent licence extensions and targeted sampling programs, underscoring Tyranna’s methodical approach to resource development in Angola.

The company is preparing to convene a general meeting by the end of June 2026 to secure the necessary shareholder approvals for the second tranche. The acquisition’s finalisation depends on satisfying regulatory conditions, including ASX compliance and discharge of encumbrances on the sale shares.

These developments build on Tyranna’s recent progress in Angola, including its expanded footprint in gold and lithium exploration, as detailed in its latest licence security and bulk sampling plans and advances in gold and lithium projects. The consolidation of Angolan Minerals ownership positions Tyranna to better capitalise on these opportunities.