Caledonia Mining Corporation Plc: Block Listing Application and "At The Market" Sales Agreement

Core Viewpoint - Caledonia Mining Corporation Plc has entered into an "At the Market" sales agreement to sell up to US$50 million worth of shares, with proceeds intended for the development of the Bilboes sulphide project [1][5]. Group 1: ATM Sales Agreement - The ATM Sales Agreement allows Caledonia to sell shares at its discretion through ordinary brokers' transactions or block trades on the NYSE American at market prices [1]. - The company expects to utilize the net proceeds from the sales for investment in the Bilboes sulphide project [1]. Group 2: Technical Report Summary - Caledonia filed a technical report summary titled "Bilboes Gold Project Technical Report Summary," prepared by DRA Projects, in accordance with S-K 1300 regulations [2]. - The report aims to present mineral resources and initial assessments for open pit mining to recover gold mineralization, with an effective date of May 30, 2024 [4]. Group 3: Future Plans - A new feasibility study for the Bilboes project is planned for publication in the first quarter of 2025 [5]. - The company has made an application for a block admission of 4,000,000 new depositary interests, expected to become effective around December 18, 2024 [6]. Group 4: Share Capital and Reporting - Following the block admission, the company's issued share capital remains unchanged at 19,214,554 shares [7]. - The company will provide six-monthly announcements regarding the utilization of the block admission in compliance with AIM Rule 29 [7]. Group 5: Regulatory Filings - A prospectus supplement will be filed with the SEC as part of the company's registration statement on Form F-3, containing detailed information about the company and the ATM Offering [8].