(AML HOLDINGS LLC) - AML Holdings LLC announced the termination of the Memorandum of Understanding entered into with Kerith Resources SARL dated 28 June 2025 in relation to the proposed joint venture manganese mining initiative in Kongo Central province, DRC with Kerith Resources SARL with effect from 2nd February 2026.

AML Holdings LLC announced the termination of the Memorandum of Understanding entered into with Kerith Resources SARL dated 28 June 2025 in relation to the proposed joint venture manganese mining initiative in Kongo Central province, DRC with Kerith Resources SARL with effect from 2nd February 2026.

The decision follows extensive negotiations on the draft Shareholders’ Agreement and a thorough assessment of the project's legal and operational framework. Despite dedicated efforts since the conclusion of TICAD 9 to identify a legally robust pathway for licensing, and multiple engagements with Kerith Resources SARL, mutually acceptable terms could not be reached due to discrepancies in the approach to obtaining the mining permits and misalignments on shareholders’ rights and responsibilities.

AML Holdings LLC remains committed to responsible investment in the critical minerals sector if there are any potential opportunities and wishes Kerith Resources SARL success in its future endeavors.

Any other public announcements made in connection with AML's investment in the DRC may not be accurate or complete. The Company shall not be held responsible and expressly disclaims any liability for them.