RCF Acquisition Corp. Announces Contributions to Trust Account in Connection With Proposed Extension 

Denver, Colorado, April 27, 2023 – RCF Acquisition Corp. (“RCFA” or the “Company”), a special purpose acquisition company, today announced that, in connection with its forthcoming extraordinary general meeting in lieu of annual meeting of shareholders (the “Extraordinary General Meeting”) to seek shareholder approval to, among other proposals, extend the period of time RCFA will have to consummate its initial business combination by 12 months (the “Extension”) from the current deadline of May 15, 2023 until May 15, 2024 (the “Extended Date”), RCFA will deposit, beginning on May 16, 2023, and thereafter on the first day of each month (or if such first day is not a business day, on the business day immediately preceding such first day), additional funds into the trust account (the “Trust Account”) established in connection with RCFA’s initial public offering (the “IPO”) an amount equal to the lesser of (i) $0.03 per public share multiplied by the number of Class A ordinary shares of the Company (the “public shares”) then outstanding and not redeemed in connection with the Extension and (ii) $300,000 (or a pro rata portion thereof if less than a full month), until the earlier of (a) the completion of a business combination and (b) the announcement of the Company’s intention to wind up its operations and liquidate (each such deposit, a “Contribution”) in accordance with the Extension (each date on which a Contribution is to be deposited into the Trust Account, a “Contribution Date”). The maximum aggregate amount of all Contributions will not exceed $3,600,000.

The extraordinary general meeting will be held in person at 10:30 a.m. Eastern Time on May 9, 2023 at the offices of White & Case LLP, located at 1221 Avenue of the Americas, New York, New York 10020. The Company encourages its shareholders to vote in favor of the Extension and each other proposal described in the definitive proxy statement.

The Company’s shareholders of record at the close of business on the record date, March 30, 2023, are entitled to vote the ordinary shares owned by them at the extraordinary general meeting. Every shareholder’s vote is very important, regardless of the number of shares held, and the Company requests the prompt submission of votes.

About RCF Acquisition Corp.

RCF Acquisition Corp. is a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. For more information, please visit https://rcfacquisitioncorp.com.

Additional Information and Where to Find It

The Company urges investors, shareholders and other interested persons to read the definitive proxy statement dated April 11, 2023 (the “Extension Proxy Statement”), as well as other documents filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”), because these documents contain important information about the Company and the Extension. The Extension Proxy Statement was mailed to shareholders of the Company as of a record date of March 30, 2023, on or about April 5, 2023. Shareholders may obtain copies of the Extension Proxy Statement, without charge, at the SEC’s website at www.sec.gov or by directing a request below.


Attention: Secretary

RCF Acquisition Corp.

1400 Wewatta Street, Suite 850

Denver, Colorado, 80202

(720) 946-1444