LONDON, August 18, 2022--(BUSINESS WIRE)--18 August 2022Metal Tiger plc("Metal Tiger" or the "Company")Cobre Limited – Botswana Renewal ApprovedMetal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to note Cobre Limited’s ("Cobre") announcement that Triprop Holdings (Pty) Limited ("Triprop") has received notification of the renewal of the five exploration licences which are held by Triprop subject to a binding earn-in agreement with Kalahari Metals Limited.The five exploration licenses have been renewed for an additional two years until 30 September 2024 in accordance with the notification received from the Department of Mines in Botswana.Following completion of the fundraise announced on 4 August 2022, Metal Tiger will hold 44,572,172 ordinary shares in Cobre representing approximately 21% of Cobre’s issued share capital. Metal Tiger’s investment will be subject to Cobre shareholder approval at an upcoming general meeting.https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02554631-2A1391451?access_token=83ff96335c2d45a094df02a206a39ff4Metal Tiger is currently interested in 34,764,096 Cobre shares.The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities IM, the TSX and ASX. The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment for the Project Investments division.Project Investments is focused on the development of its key project interests in Botswana, where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in Kalahari Metals Limited.The Company actively assesses new investment opportunities on an on-going basis and has resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint
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