DGAP-Adhoc

SunMirror AG: SunMirror AG Plans CHF 70 Million Raise to Fuel Growth - Seite 2

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Information and Explanation of the Issuer to this News:

Explanatory Part

The creation of new authorized capital in the nominal amount of CHF 837,500 to CHF 1,000,000 was approved at SunMirror's Annual General Meeting, held in Zug on 29 December 2020. The creation of new conditional capital of CHF 837,500 to CHF 1,000,000 was also approved. In addition, the Company decided to carry-forward the Balance Sheet result for the fiscal year (1 January 2020 to 30 June 2020) in full.

Strong tailwind from high iron ore and gold prices as indicator for sustainable demand

Dr Heinz Rudolf Kubli, Director of SunMirror AG, recently commented: 'Battery technology is expected to evolve from the current lithium-ion battery (LIB) to next-generation high-capacity LIBs, all solid-state batteries, and lithium metal-based batteries, resulting in improvements in energy density, safety, and battery lifespan, as well as reduction in cost. We currently own or are planning to acquire prized sites in Australia that shall be developed with the potential to help enable this transformation. In addition, we would like to see SunMirror expand its strategic metal and mineral portfolio in Europe to provide traceable metals for an increasingly sustainability driven European batteries market for electric vehicles and others powering next-gen consumer and industrial technology products. Together, these markets continue to grow significantly. The outlook for the future metals and minerals SunMirror is aiming to market remains very attractive; Meanwhile, iron-ore prices are trading at record-highs, and gold is climbing again.'

About SunMirror AG
SunMirror is a natural-resources holding company with a strategic focus around gold and other critical resources - those metals and minerals powering demand for next-generation sustainable technology. The company's shares (ISIN CH0396131929) are listed on the electronic Stock Exchange Xetra in Vienna (ticker: ROR1) and on the Dusseldorf Stock Exchange. For more information please visit: www.sunmirror.com.

About Opus Group
Opus Capital Switzerland AG and Opus Capital Asset Management AG ('Opus Group') specializes in bringing-to-market tomorrow's next-generation natural resources firms, today, by combining its strong industry expertise together with one of Switzerland's leading independent financial services firms. For more information please visit: http://www.opus-capital.ch.