EV Metals Group PLC (09145944): administration
- Status
- In administration
- Administration began
- 2026-06-01
- Administrators
- Paul Steven Cooper, Paul Robert Appleton
- Administrators' firm
- Begbies Traynor
- Formerly
- Ausinox PLC
- Incorporated
- 2014-07-24
- Location
- London
- Industry
- 07290 Mining of other non-ferrous metal ores
Why it went into administration
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
EV Metals Group Ple (“the Company”) was originally established under the name Ausinox pic to develop the Range Well Nickel-Cobalt Project in Western Australia, with the initial objective of supplying nickel and cobalt into the stainless-steel and speciality metals markets.
In December 2017, the Company changed its name to EV Metals Group plc to reflect a strategic repositioning towards the commercialisation of critical minerals and battery materials opportunities linked to electrification, renewable energy storage and the growth of electric vehicles. As global demand for battery materials accelerated, management identified an opportunity to transition the business from a traditional mining development model to a broader battery chemicals platform focused on producing the high-purity chemicals required for rechargeable lithium-ion batteries. :
At the date of Administration, the Company was the ultimate holding company of an international group comprising subsidiaries incorporated in Australia, Kingdom of Saudi Arabia (“KSA”), the United Kingdom and Poland, with various common Directors and Shareholders (collectively known as the Group), which focused on the exploration, development and commercialisation of critical minerals, battery chemicals and related technologies, together with a 90% interest in a Saudi Arabian mining company, which are as faliows:
Administrators' statement of proposals (2026-08-06) · Companies House register