Wrap Text
Sibanye-Stillwater completes the acquisition of Metallix
Sibanye Stillwater Limited
Incorporated in the Republic of South
Africa Registration number
2014/243852/06
Share codes: SSW (JSE) and SBSW
(NYSE) ISIN – ZAE000259701
Issuer code: SSW
("Sibanye-Stillwater","the Company" and/or "the Group")
Registered Address:
Constantia Office Park
Bridgeview House • Building 11 • Ground
Floor Cnr 14th Avenue & Hendrik Potgieter
Road Weltevreden Park • 1709
Postal Address:
Private Bag X5 • Westonaria • 1780
Tel +27 11 278 9600 • Fax +27 11 278 9863
Website: www.sibanyestillwater.com
MARKET RELEASE
Sibanye-Stillwater completes the acquisition of Metallix
Johannesburg, 9 September 2025: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) is pleased to advise
that all conditions have been satisfied for the acquisition of Metallix Refining (Metallix) announced on 21
July 2025, and that the acquisition of Metallix was successfully concluded on 4 September 2025 for a
provisional equity cash purchase consideration of US$78 million (total purchase consideration of US$129
million on a debt-free basis)1.
The acquisition of Metallix strengthens and complements Sibanye-Stillwater's existing US recycling
operations and is expected to unlock significant value through cost and operational synergies across the
combined businesses. For more information, refer to the announcement from 21 July 2025:
https://www.sibanyestillwater.com/news-investors/news/transactions/metallix/.
1Change in final cash purchase consideration from the US$82 million announced on 21 July 2025 is mainly attributable to working
capital movements in the ordinary course of business since the initial announcement and closure of the acquisition.
About Sibanye-Stillwater
Sibanye-Stillwater is a multinational mining and metals processing group with a diverse portfolio of operations,
projects and investments across five continents. The Group is a foremost global recycler of a suite of metals and has
interests in leading mine tailings retreatment operations.
Sibanye-Stillwater is one of the world's largest primary producers of platinum, palladium, and rhodium and is a top
tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper and cobalt. The Group
has also diversified into battery metals mining and processing and has increased its presence in the circular economy
by growing its recycling and tailings reprocessing exposure globally. For more information refer to
www.sibanyestillwater.com.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Executive Vice President: Investor Relations and Corporate Affairs
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com
LinkedIn: https://www.linkedin.com/company/sibanye-stillwater
Facebook: https://www.facebook.com/SibanyeStillwater
YouTube: https://www.youtube.com/@sibanyestillwater/videos
X: https://twitter.com/SIBSTILL
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Advisors and counsel
Financial Advisor: Goldman Sachs International
Legal Advisors: Davis Polk & Wardwell LLP
DISCLAIMER
1
FORWARD LOOKING STATEMENTS
This announcement contains forward-looking statements within the meaning of the "safe harbour" provisions of the United States
Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this announcement
may be forward-looking statements. Forward-looking statements may be identified by the use of words such as "will", "would",
"expect", "forecast", "potential", "may", "could", "believe", "aim", "anticipate", "intend", "target", "estimate" and words of
similar meaning.
These forward-looking statements, including among others, those relating to Sibanye Stillwater Limited's (Sibanye-Stillwater or the
Group) future financial position, business strategies and other strategic initiatives, business prospects, industry forecasts,
production and operational guidance, climate and ESG-related targets and metrics, and plans and objectives for future
operations, project finance and the completion or successful integration of acquisitions, and the anticipated benefits of
acquisitions are necessarily estimates reflecting the best judgement of Sibanye-Stillwater's senior management. Readers are
cautioned not to place undue reliance on such statements. Forward-looking statements involve a number of known and
unknown risks, uncertainties and other factors, many of which are difficult to predict and generally beyond the control of Sibanye-
Stillwater, that could cause its actual results and outcomes to be materially different from historical results or from any future results
expressed or implied by such forward-looking statements. As a consequence, these forward-looking statements should be
considered in light of various important factors, including those set forth in Sibanye-Stillwater's 2024 Integrated Report and annual
report on Form 20-F filed with the Securities and Exchange Commission (SEC) on 25 April 2025 (SEC File no. 333-234096). These
forward-looking statements speak only as of the date of this presentation. Sibanye-Stillwater expressly disclaims any obligation or
undertaking to update or revise any forward-looking statement (except to the extent legally required).
Websites
References in this announcement to information on websites (and/or social media sites) are included as an aid to their location and such
information is not incorporated in, and does not form part of, this announcement.
2
Date: 09-09-2025 04:19:00
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