**Summary**
Anglo Asian Mining PLC, an AIM-listed gold, copper, and silver producer focused in Azerbaijan, announced on November 27, 2025, that trading in its shares has been restored following a suspension on November 26. The suspension was triggered by speculative comments and share price movements, prompting the company to investigate and ensure compliance with AIM Rule 10.
The suspension followed an announcement by ACG Metals Limited (LSE:ACG) on November 26, indicating it is in the early stages of considering a possible offer for Anglo Asians entire issued and to-be-issued ordinary share capital. However, ACGs statement does not constitute a firm intention to make an offer under the City Code on Takeovers and Mergers (the "Code"), and there is no certainty that an offer will materialize or what its terms might be.
Anglo Asian emphasized its strong operational progress, highlighting the successful on-time and on-budget production launches of its Gilar and Demirli mines in 2025. The company remains focused on its growth strategy to transition into a mid-tier, multi-asset, low-cost copper-focused producer, with plans to bring additional assets (Xarxar and Garadag) into production sustainably.
Under the Code, ACG has until December 24, 2025, to either announce a firm intention to make an offer or confirm it does not intend to proceed. Shareholders are advised to take no action at this time. The company also outlined disclosure requirements under the Code for interested parties holding 1% or more of relevant securities.
Anglo Asians strategic plan aims to achieve annual copper production of 50,000 to 55,000 tonnes by 2030, with copper becoming its principal product. The announcement concluded with contact details for key executives and advisors, as well as regulatory and legal disclaimers regarding the distribution of the information.