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#BRES Blencowe Resources PLC – Successful Hypersonic Rocket Testing

Blencowe Resources Plc (LSE: BRES) is pleased to report further successful testing of Orom-Cross graphite products within advanced aerospace and defence applications.

On 18 August 2026 American Energy Technologies Co (“AETC”), Pluto Aerospace, Purdue University and US Government Agencies, together with Blencowe COO Iain Wearing, attended a rocket test programme in Las Cruces, New Mexico. The successful Pluto Aerospace solid-fuel rocket flight achieved a maximum speed of Mach 5.5 and acceleration approaching 150G, representing a substantial increase in speed and acceleration from the previous test programme undertaken in April. 

Importantly, Orom-Cross graphite was incorporated across multiple critical components aboard the hypersonic vehicle, including an ablative rocket nozzle insert, performance-enhancing coatings applied to the rocket fins and natural graphite used within the lithium-ion battery powering the rocket’s altimeter. 

The successful test further demonstrates the potential for Orom-Cross graphite to access specialist, high-value aerospace and defence markets, supporting Blencowe’s strategy to continually develop higher-value product pathways as Orom-Cross advances towards production.

 

Highlights

·      Successful hypersonic rocket flight in the USA incorporating Orom-Cross graphite across multiple critical components

·      Pluto Aerospace rocket achieved a maximum speed of Mach 5.5 and acceleration approaching 150G

·      Orom-Cross graphite incorporated within an advanced ablative rocket nozzle insert manufactured by AETC

·      Orom-Cross natural graphite used in performance-enhancing anti-friction and ice-phobic coatings applied to the rocket fins

·      Lithium-ion battery powering the rocket’s altimeter used natural graphite supplied by Blencowe alongside recycled graphite, with zero synthetic graphite

·      Successful testing further demonstrates the potential for Orom-Cross graphite within high-value aerospace and military applications

·      High-end defence applications provide potential pathways to new strategic offtake relationships and funding opportunities

·      Continued collaboration with US graphite technical specialist AETC is opening further value-added applications for Orom-Cross graphite

·      Further orbital testing planned for Q4 2026

 

Blencowe provided graphite concentrates from Orom-Cross to technical partner AETC, which manufactured mouldings for rocket and missile exhaust nozzles replacing a proportion of the synthetic graphites normally used in these applications. The resultant nozzles underwent rigorous testing prior to installation on the rocket.

The initial testing programme is being undertaken with Pluto Aerospace for hypersonic sub-orbital rockets, with orbital testing planned for the final quarter of 2026.

The successful flight conducted on 18 August 2026 utilised a substantially larger motor than the previous test undertaken in April, achieving a maximum speed of Mach 5.5 and acceleration approaching 150G.

In addition to the highly innovative rocket motor, Orom-Cross graphite was incorporated into several important components aboard the hypersonic vehicle:

·      an advanced ablative nozzle insert manufactured by AETC for enhanced thrust performance;

·      performance-enhancing anti-friction and ice-phobic coatings applied to the rocket’s four aluminium fins; and

·      natural graphite used within the lithium-ion battery powering the rocket’s altimeter.

Of special note is the application of 3.8 Ah pouch cells, manufactured by Navitas Systems incorporating manufactured natural graphite supplied by Blencowe together with recycled graphite produced through AETC’s direct recycling process. The battery incorporated up to 15 wt.% recycled and “healed” graphite produced through AETC’s direct recycling process and represents the first known example in the North American battery industry of a fully functional form-factored battery incorporating industrially manufactured recycled graphite as a significant component of both the active material and cathode conductivity additive.

Importantly, the battery, comprised of 100% natural flake graphite from raw and recycled materials, with no synthetic graphites, further demonstrating the potential for Orom-Cross graphite to be utilised within specialist, high-value military and aerospace applications.

With the launch of this rocket, Pluto Aerospace and AETC highlighted a group of trusted vendors and raw material suppliers involved in the programme, including Navitas Systems, an advanced U.S. battery manufacturer; Blencowe Resources plc, the supplier of Orom-Cross graphite used in rocket nozzles, battery and ice phobic coatings aboard the flight; and Cadoux Limited, a supplier of nanoscale alumina used as a critical safety component of lithium-ion batteries.

 

 

Executive Chairman Cameron Pearce commented:

“These results continue to highlight the emergence of Orom-Cross graphite as an important source of high-quality graphite products for use in military and aerospace applications. There are relatively few graphite projects worldwide capable of supplying the quality of products required for these specialist applications, which may open new offtake relationships and strategic opportunities and places Orom-Cross in a strong position moving forward as we advance towards first production.”

As we complete funding for P1 Production and move to building the first stage of operations, we are continuously testing new products and adding new offtakers, each of which builds further value within the Project.  Our strategy is to differentiate Orom-Cross from other graphite projects by targeting the most lucrative markets available to us, through both our products and strategic relationships.”

 

 

For further information please contact:

 

Blencowe Resources Plc

www.blencoweresourcesplc.com

Sam Quinn (Director)

Tel: +44 (0)1624 681 250

 

info@blencoweresourcesplc.com

Sasha Sethi (Investor Relations)

Tel: +44 (0) 7891 677 441

 

sasha.sethi@blencoweresourcesplc.com

Tavira Financial (Joint Broker):

 

Jonathan Evans

 

Tel: +44 (0)20 3192 1733

jonathan.evans@tavira.group

Oak Securities (Joint Broker):

Mungo Sheehan / Jerry Keen

 

Tel: +44 (0)20 3973 3678

Cavendish (Joint Broker):

 

Neil McDonald / Peter Lynch / Hanna Leijonmarck

 

Tel: +44 (0) 20 7908 6000

epr@cavendish.com

Twitter

 

https://twitter.com/BlencoweRes

LinkedIn

 

https://www.linkedin.com/company/72382491/admin/

 

 

 

 

 

 

 

Diagram 1 : Showing latest Pluto rocket tested using Orom-Cross graphite

Diagram 2 : Rocket nozzle utilising Orom-Cross materials

Diagram 3 : Rocket Fins with Orom-Cross Ico phobic coatings applied to four sides (different samples), plus control sample (beige side)

Diagram 4 : Battery cell composed of 85% natural graphite (Orom-Cross) and 15% recycled graphite

#GDH Gledhow Investments PLC – Total Voting Rights

In accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, Gledhow has 169,684,984 Ordinary Shares of £0.01 each in issue, each carrying the right to one vote.

 

The Company holds no Ordinary Shares in treasury.

 

Accordingly, the figure of 169,684,984 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

 

The directors of the issuer accept responsibility for the contents of this announcement.

 

For further information please contact:

Gledhow Investments plc

Guy Miller

+44 (0) 20 7220 9795

#BRES – Cavendish Note Blencowe Resources Lead-acid batteries: high-value pathway for USPG ‘waste’

Yesterday, Blencowe Resources provided further encouraging test results, demonstrating strong performance by graphite from its 100%-owned Orom-Cross project in Uganda in advanced lead-acid battery technologies, opening additional high-value sales channels spanning military, grid energy storage and other specialist applications.

In our view, this latest work supports Blencowe’s objective of achieving 100% utilisation of Orom-Cross concentrate and further demonstrates its strategy to differentiate the project through both product quality and end-market diversity. Together with the previously announced anti-radar coatings programme, this provides further evidence that Orom-Cross could command greater value through sales into higher-value specialist western markets.

Target Price 47.9p. Upside 495%

https://www.research-tree.com/companies/uk/industrial-metals-nonferrous/blencowe-resources-plc/research/cavendish/blencowe-resources-lead-acid-batteries-high-value-pathway-for-uspg-waste-/129_8dfc9f6b-aa87-4441-bdc1-4f4c462683ce/b361f66d-6310-4c74-b786-c1a96bed7ba9

#KDNC – Zeus Capital Cadence Minerals Azteca refurbishment nearing completion and operating licence application submitted

-Cadence has provided an update as it prepares the Azteca plant for production – refurbishment remains ahead of schedule at 97% physical completion.
-Most significantly, the electrical systems and circuits – a recognised critical path – are ahead of planned timelines
-Revenues from Azteca will reduce investors’ exposure to dilution as Cadence progresses the final feasibility study for Amapá. We see fair value at 14.6p per share.

 

#BRES Blencowe Resources PLC – Further Battery Testing Success for Orom-Cross Graphite

Blencowe Resources Plc (LSE: BRES), the natural resources company advancing the Orom-Cross graphite project in Uganda, is pleased to announce further test results using Orom-Cross graphite, demonstrating superior performance across multiple battery technologies. This follows the recent announcement of successful testing in advanced anti-radar coatings and other defence-related platforms which all open additional high value sales channels.

Two leading US graphite specialists, Apollo Energy Systems Inc. (“Apollo”) and American Energy Technologies (“AETC”), together with Blencowe, are also progressing a laboratory demonstration prototype designed to meet 4HN high-performance military battery specifications required by the US Defence Logistics Agency (“DLA”).  Subject to successful completion of the prototype programme the parties plan to establish a US pilot production line to demonstrate future commercial prospects, targeting 100 lead-acid cells per month.

These latest results further demonstrate the versatility of Orom-Cross graphite across military, grid energy storage, data centre and other advanced battery applications.

They also provide a higher-value market for the waste product, being spheroidisation rejects generated through Blencowe’s planned uncoated spheronised purified graphite (“USPG”) beneficiation process in Uganda, supporting the Company’s strategy to maximise the value and utilisation of Orom-Cross graphite.

 

Highlights

·    Apollo, AETC and Blencowe progressing a 4HN high-performance military battery prototype to US DLA specifications

·    Subject to successful prototype development, the parties plan to establish a US pilot production line targeting 100 cells per month

·    Opens additional potentially high-value markets across military, grid energy storage, data centres and other specialist applications

·    Waste product produced within USPG beneficiation process using Orom-Cross graphite will be used as a performance enhancing additive within advanced lead-acid batteries manufactured by Apollo.

·    Creates a substantially higher value sales pathway for approximately 30% of end product from the planned beneficiation facility, being the waste delivered from USPG production

·    Supports Blencowe’s strategy to achieve maximum utilisation of Orom-Cross concentrates processed through its planned beneficiation facility

·    Independent test work by leading graphite specialists continues to demonstrate Orom-Cross’s combination of high purity, superior conductivity and multi-market adaptability, which are all qualities sought by energy storage and defence-related agencies worldwide

These results follow testwork undertaken with Apollo and AETC on enhancing the performance of advanced lead-acid battery cells required for applications including grid energy storage, data centres and off-grid power. Testing has shown that Orom-Cross graphite can enhance key battery performance characteristics, with the detailed technical results set out in the Appendix to this announcement.

 

Military Battery Programme

Apollo’s batteries have multiple potential uses within military applications.  Apollo, AETC and Blencowe are currently fabricating and testing a laboratory demonstration prototype to meet 4HN high-performance military specifications required by the DLA. 

On successful completion of the prototype project, AETC, Apollo and Blencowe plan to set up a pilot line to produce 100 cells per month.

Apollo and AETC have also completed a Qualification Project for Blencowe, through which spheroidisation rejects from Orom-Cross graphite transformed into high surface area expanded delaminated (“HSAED”) graphite product processed by AETC have been successfully tested as a performance enhancing additive to the negative active material in valve regulated advanced lead-acid batteries.

 

Apollo/AETC have established that HSAED Orom-Cross graphite enhances the high-rate partial state of charge performance of advanced valve regulated lead-acid batteries in new applications including start-stop and grid energy storage.  Over the past six months the partners have been constructing a demonstration prototype battery which exceeds military specifications for the 4HN battery, with plans to begin pilot scale production in the USA.

Blencowe is extremely encouraged by the results of the program and the potential for higher value niche offtakes for the spheroidisation rejects generated at its proposed beneficiation facility in Uganda. Developing higher value markets for this material would support the Company’s objective of achieving maximum utilisation of the Orom-Cross concentrates processed through the facility. 

 

Market for Advanced Lead-Acid Batteries

AETC’s production flowsheet for the manufacture of graphite for lithium-ion battery anodes generates an ultra-high purity by-product stream suitable for supply chains of lead-acid, alkaline, hearing aid, reserve (thermal) lithium primary batteries, supercapacitors and fuel cells.

Advanced lead-acid technologies continue to serve critical applications across grid storage, telecommunications, military systems and data centres, providing an additional addressable market for Orom-Cross products.

•     Lead-acid batteries consume very significant amounts of graphitic carbon

•     An average lead acid battery can be assumed to have approximately 1,500 Wh capacity

•     The global lead acid battery market generated approximately 450 GWh of energy in 2021, equivalent to approximately 300 million batteries. An average battery contains around 0.5 kg of expander, including approximately 0.25 kg of graphite and carbon. On this basis, the global lead-acid battery market represented approximately 75,000 tonnes per annum of graphite and carbon demand in 2021. 

•     Since the mid-2000’s, advanced forms of natural and expanded delaminated graphite have increasingly been incorporated into advanced lead-acid battery systems.

 

Executive Chairman Cameron Pearce commented:

This latest test programme with AETC and Apollo Energy opens another significant potential market opportunity for Orom-Cross graphite within the large lead-acid battery sector, demonstrating enhanced performance, higher capacity, greater charge acceptance and longer battery life.

This sets Orom-Cross apart and it means our graphite can add real value in a market that already consumes tens of thousands of tonnes of graphite each year and operates outside the Chinese supply chain.

These findings build on earlier work by American Energy Technologies under the SAFELOOP programme, where Orom-Cross achieved 99.99 wt%C purity and recorded the highest performance score ever seen by AETC for a natural graphite project. Together, they reinforce Orom-Cross as a globally competitive, next-generation graphite source suited to multiple battery technologies.

As we move the project towards first production, we will keep adding further options to our broader marketing strategy, particularly in higher value western markets. These results also continue to validate the quality of our product and demonstrate how Orom-Cross can successfully differentiate from peers in what it sells and to whom.”

 

 

APPENDIX TO ANNOUNCEMENT

 

Positive Effects of High Surface Area Graphite

·    High surface area graphite serves as a capacitive buffer to absorb current at higher rates, which increases as the graphite surface area increases. This improves the dynamic charge acceptance and charge efficiency under high-rate charging conditions such as in “stop-start” duty and micro-HEVs.

·    Graphite extends the area of the electrode microstructure giving additional surface for lead to be deposited on charging, thereby improving cycling performance.

·    Graphite obstructs the growth of lead sulphate crystals by maintaining channels to allow irrigation throughout the electrode thereby extending cycle life, also to prevent stratification of flooded-type cells.

·    Graphite forms a conductive network to reduce polarization.

·    Forms a smaller and more uniform mass transfer network promoting uniform progress of the electrochemical reaction.

·    When a large number of conventional lead-acid cells are connected in series – such as in full hybrid and battery EVs – the divergence in state-of-charge resulting from normal driving is virtually eliminated when graphite is incorporated, thereby eliminating the need for an equalization charge

These independent studies by leading graphite technical experts continue to demonstrate Orom-Cross’s rare combination of high purity, superior conductivity, and multi-market adaptability, which are all qualities sought by energy storage and defence-related agencies worldwide.

 

Summary

·    3-Plate Negative Limiting Cells fabricated and tested: C/25 Capacity established as approximately 25Ah.

·    Preliminary Cycling Results show that for the Negative Active Material (NAM), the Blencowe Non-Spherical Fines (spheroidisation rejects) additive has a higher specific capacity compared to Control and the (non-graphite added) HE-1511.

·    High-Rate Full Charge (HRFC) Test 100-90% SOC @ 1C rate Blencowe similar to Control; both lower voltage drop than HE-1511

·    High-Rate Partial State of Charge (HRPSoC) Test 60-50% SOC @ 1C Rate Blencowe superior to Control; both have a much lower voltage drop than Control.

·    100A Discharge (4C) Blencowe Lowest Voltage Drop.

·    Typical Capacity Sequence for large number of Shallow Cycles.

Conclusion

During the testing, the Negative Active Material (NAM) – Blencowe Non-Spherical Graphite Fines performance was comparable and superior to the Control Samples and both were superior to the cells without the Graphite addition to the NAM.

Both Graphite Samples enhanced the HRFC, HRPSoC and High-Rate Discharge characteristics (better recovery and lower voltage drop).

This work demonstrates that the Blencowe Non-Spherical Graphite Fines (Spheriodization rejects) are suitable for addition to the Negative Active Material of Apollo Valve Regulated Lead-Acid Batteries for energy storage and Start-Stop Vehicular Applications where batteries are subject to large charge and discharge pulses.

Combined, these independent studies by leading graphite technical experts continue to demonstrate Orom-Cross has a rare combination of high purity, superior conductivity, and multi-market adaptability, which are all qualities sought by energy storage and defence-related agencies worldwide.

 

Test Results Summary

Comparison – Blencowe vs Control vs HE-1511

The chart below illustrates the clear and consistent performance advantage of Orom-Cross graphite over the control material across the discharge cycles, confirming stronger energy retention and reduced performance degradation over time.

 

 

 

 

 

For further information please contact:

 

Blencowe Resources Plc

www.blencoweresourcesplc.com

 

Sam Quinn (Director)

Tel: +44 (0)1624 681 250

info@blencoweresourcesplc.com

 

Sasha Sethi (Investor Relations)

Tel: +44 (0) 7891 677 441

sasha.sethi@blencoweresourcesplc.com

Tavira Financial (Joint Broker):

 

Jonathan Evans

 

 

Tel: +44 (0)20 3192 1733

jonathan.evans@tavira.group

Oak Securities (Joint Broker):

 

Mungo Sheehan / Jerry Keen

 

 

Tel: +44 (0)20 3973 3678

Cavendish (Joint Broker):

 

Neil McDonald / Peter Lynch / Hanna Leijonmarck

 

 

Tel: +44 (0) 20 7908 6000

epr@cavendish.com

Twitter

 

https://twitter.com/BlencoweRes

LinkedIn

 

https://www.linkedin.com/company/72382491/admin/

 

#KDNC Cadence Minerals PLC – Result of GM

Cadence Minerals (AIM: KDNC) is pleased to announce that at the General Meeting of the Company held today, all resolutions put to shareholders were duly passed.

 

The voting results for the resolution tabled is below:

 

Resolution

For

Against

Withheld

1. To dis-apply pre-emption rights

126,632,758

24,706,597

540,656

 

 

For further information, contact:

 

Cadence Minerals plc

+44 (0) 20 3582 6636

Andrew Suckling

Kiran Morzaria

Zeus (NOMAD & Broker)

+44 (0) 20 3829 5000

James Joyce

Darshan Patel

Matthew Diaz-Rainey 

Fortified Securities – Joint Broker

+44 (0) 20 3411 7773

Guy Wheatley

Public & Investor Relations – Brand Communications

+44 (0) 7976 431608

Alan Green           

#QHE Quantum Helium – OAK Securities issues encouraging update


– QHE has completed an Extended Production Test at Sagebrush-1, confirming helium concentrations of 2.5% and strong reservoir connectivity with rapid pressure recovery

– ⁠Identifies five new drilling opportunities across its Colorado acreage, including two near-term helium targets and three larger helium and oil prospects.

– ⁠Holds a 6.4p/share valuation from RENAV

#AYM Anglesey Mining PLC – Corporate Presentation and Investor Webinar

Anglesey Mining plc (AIM: AYM), the UK-based mineral exploration and development company and the 100% owner of the Parys Mountain Cu-Zn-Pb-Ag-Au VMS project in Anglesey, North Wales, is pleased to announce that the Company has updated its corporate presentation, which is now available on the website.

Investors can access the presentation via: https://www.angleseymining.co.uk/investor/

Andrew Fulton, CEO and Jim Williams, Executive Chairman, will be providing a live investor session via the Investor Meet Company platform on Thursday 3 September 2026 at 1:00pm BST.

The session will discuss the recent operational and strategic updates from the Company and outline the approach looking ahead.

The presentation is open to all existing and potential investors. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9:00 am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Anglesey Mining plc via:

https://www.investormeetcompany.com/anglesey-mining-plc/register-investor

Investors who already follow Anglesey Mining on the Investor Meet Company platform will automatically be invited.

·    Whilst the Company may not be able to answer every individual question, the aim is to address as many issues raised by investors as practicable

·    Responses to the Q&A will be published at the earliest opportunity on the Investor Meet Company platform following the presentation

·    Investor feedback can also be submitted directly to management following the event, enabling the Company to better understand the views of its investor base.

 

For further information, please visit the Company’s website: www.angleseymining.co.uk

-Ends-

For further information, please contact:

Anglesey Mining plc (via Yellow Jersey PR Limited)

Andrew Fulton, CEO

Jim Williams, Executive Chairman

angleseymining@yellowjerseypr.com

Davy

Nominated Adviser & Joint Corporate Broker

Brian Garrahy/Daragh O’Reilly

Tel: +353 1 679 6363

AlbR Capital Limited

Joint Corporate Broker

Lucy Williams/Duncan Vasey

Tel: +44 (0)20 7562 0930

Yellow Jersey PR Limited

Financial & Media Relations

Dominic Barretto/Shivantha Thambirajah

Tel: +44 (0)20 3004 9512

 

About Anglesey Mining plc:

Anglesey is advancing the UK’s largest copper project at the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales.

#URU URU Metals Ltd – Zeb Nickel Project 3D Modelling

URU Metals Limited (“URU” or the “Company”) is pleased to provide a further update on the ongoing 3D geological modelling programme at the Zeb Nickel Project in Limpopo, South Africa.

Atticus Geoscience has now completed the first stage of 3D mineralisation modelling of the Project’s Zone 2 Ni-Cu-PGE system using historical and recent drill hole data.

The modelling has defined multiple coherent PGE mineralisation envelopes within the Critical Zone rocks and has highlighted a well-developed higher-grade mineralised domain in the southeast of the Project, together with further mineralised zones extending along strike towards the northwest.

Highlights

·    3D modelling has defined multiple coherent PGE mineralisation envelopes within the Critical Zone-hosted Zone 2 Ni-Cu-PGE system.

·    The mineralisation is hosted predominantly within the Critical Zone pyroxenitic package.

·    The strongest and best-developed higher-grade mineralised domain occurs in the southeast of the Project area, where drilling density is also greatest.

·    Additional higher-grade mineralised zones have been identified along strike towards the northwest.

·   The apparent break in mineralisation through parts of the central area may reflect the historical drilling pattern, as several older boreholes terminated before reaching the Critical Zone.

·    The geological setting and style of Zone 2 mineralisation are consistent with the broader Northern Limb Ni-Cu-PGE mineralising system represented by Ivanhoe Mines’ Platreef Mine and Valterra Platinum’s Mogalakwena Mining Complex.

·    The higher-grade mineralisation lies close to the interpreted chonolith and conduit system between the Uitloop I and Uitloop II ultramafic bodies.

·    This relationship provides an important exploration vector, as repeated magma flow through the interpreted plumbing system may have created favourable conditions for sulphide saturation and concentration of Ni-Cu-PGE mineralisation.

·    Future drilling will initially focus on the better-developed higher-grade areas in the southeast, with the aim of generating sufficient drilling to support a maiden mineral resource for Zone 2.

·   Subsequent step-out drilling will test the central area and the possible continuity between the southeastern and northwestern mineralised domains.

·    Ground FDEM Target 1 remains a separate high-priority drill target for semi-massive to massive sulphides within the interpreted chonolith system.

Zone 2 Mineralisation Model

Atticus has used the available Pt, Pd and Rh assay data to construct three-dimensional mineralisation envelopes through the Zone 2 Critical Zone.

For modelling purposes, a 3PGE grade of 0.08 g/t Pt+Pd+Rh was used to define the broader mineralised envelope, while 0.5 g/t 3PGE was used to identify the higher-grade mineralised population. These thresholds are modelling parameters and are not mineral resource cut-off grades.

The resulting model shows that Zone 2 mineralisation is concentrated predominantly within the Critical Zone pyroxenitic package and associated Marginal Facies.

The higher-grade mineralisation is best developed in the southeastern part of the Project, where the current drilling density is greatest. Additional higher-grade mineralised areas occur along strike towards the northwest.

Importantly, the apparent reduction in mineralisation through parts of the central area may not represent a genuine geological break. Several historical boreholes in this area terminated before reaching the interpreted Critical Zone, leaving a material portion of the prospective horizon effectively untested.

The southeastern area also contains the highest PGE grades currently represented in the model, with drilling having intersected grades of up to approximately 6 g/t 3PGE+Au.

Figure 1: PGE mineralisation envelopes within the Critical Zone rocks.  

Figure 2: PGE mineralisation envelopes within the Critical Zone rocks, showing a well-developed higher-grade mineralised domain in the southeastern part of the Project area.

 

Northern Limb Context

The style of Zone 2 mineralisation being modelled at Zeb is consistent with the broader Ni-Cu-PGE mineralising environment of the Northern Limb of the Bushveld Complex.

Approximately the same regional geological package hosts Ivanhoe Mines’ Platreef deposit and Valterra Platinum’s Mogalakwena Mining Complex, both of which contain substantial PGM mineralisation with associated nickel and copper within thick, pyroxenite-rich intrusive sequences.

Ivanhoe describes the Platreef mineralised sequence as comprising norite, pyroxenite and harzburgite, with its principal mineralised units correlated with the Upper Critical Zone of the Bushveld Complex. At Mogalakwena, Valterra describes the Platreef as a thick, heterogeneous mafic package dominated by pyroxenite and norite, with significant nickel and copper associated with the PGM mineralisation.

URU has previously highlighted the similarity between these Northern Limb mineralisation styles and the Critical Zone-hosted Ni-Cu-PGE mineralisation intersected at Zeb. The new 3D modelling strengthens this interpretation by demonstrating coherent mineralised envelopes within the Critical Zone pyroxenitic package rather than isolated mineralised drill intersections.

Relationship to the Chonolith System

A further important outcome of the modelling is the spatial relationship between the higher-grade Zone 2 mineralisation and the interpreted chonolith and conduit system between the Uitloop I and Uitloop II ultramafic bodies.

The higher-grade mineralised envelopes occur relatively close to these interpreted intrusive conduits.

This is consistent with the Company’s broader geological model for Zeb. Repeated or sustained magma flow through a chonolith-style plumbing system may have promoted sulphide saturation and provided favourable conditions for the development and concentration of Ni-Cu-PGE mineralisation.

The relationship between the mineralised envelopes and the interpreted plumbing system gives the Company an additional geological vector for future drilling and will be considered together with the airborne and ground EM responses, gravity and magnetic data and the 3D intrusive model.

Figure 3: Spatial relationship between the higher-grade Zone 2 mineralisation and the interpreted chonolith and conduit system connecting the Uitloop I and Uitloop II ultramafic bodies.

 

Building Towards a Maiden Zone 2 Resource

The completed mineralisation model gives the Company a much clearer basis for planning the next phase of drilling.

Initial drilling will focus on the better-developed higher-grade southeastern mineralised domain, where the objective will be to increase drill density and test extensions to the known mineralisation.

The Company intends to use this work to build sufficient geological continuity and drilling density to support a maiden mineral resource estimate for Zone 2.

Further step-out drilling will then test the central area between the southeastern and northwestern mineralised zones. This work will determine whether the currently modelled domains are separate bodies or parts of a more continuous Critical Zone mineralised system that has simply not been adequately tested by the historical drilling.

Ground FDEM Target 1 remains a separate high-priority exploration target. The discrete conductor sits within the interpreted chonolith system at a favourable change in intrusive geometry and will be tested for a possible concentration of semi-massive to massive Ni-Cu-PGE sulphides.

The Company’s geological team will now use the completed mineralisation model, together with the airborne and ground EM, gravity and magnetic datasets, to finalise and rank the proposed drill holes within the available exploration budget.

Richard Montjoie, Exploration Manager of URU Metals, commented:

“Simon’s work has now given us a proper 3D view of where the Zone 2 mineralisation sits and, importantly, where the higher-grade parts of the system are developing.

The southeast is clearly the most advanced area and gives us a sensible place to start building towards a maiden Zone 2 resource. We are also seeing mineralisation continuing along strike to the northwest, while much of the ground in between has simply not been properly tested because a number of the historical holes stopped short.

The Critical Zone setting is also important. This is the same broad geological environment that hosts the Ni-Cu-PGE mineralisation at Ivanhoe’s Platreef and Valterra’s Mogalakwena operations nearby. We have talked about that relationship for some time, but the Leapfrog work is now allowing us to see the geometry of the Zeb mineralisation properly in three dimensions.

The fact that the higher-grade envelopes also sit close to the interpreted chonolith system fits well with our geological model and gives us another vector for drilling. We now have a much clearer strategy: build out the higher-grade Zone 2 mineralisation towards a maiden resource, test whether those mineralised areas connect through the central gap, and drill Target 1 for the more concentrated sulphide target.”

ENDS

For further information, please contact:

URU Metals Limited
John Zorbas
Chief Executive Officer
+1 416 504 3978

SP Angel Corporate Finance LLP
Nominated Adviser and Broker
Ewan Leggat / Caroline Rowe
+44 (0) 203 470 0470

Axis Capital Markets Limited
Joint Broker
Richard Hutchison
+44 (0) 203 026 0320

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

#MDH Mendell Helium PLC – Exercise of Convertible Loan Notes

Mendell Helium (LON: MDH), the helium production company with operations in Kansas, announces that it has received notice to exercise convertible loan notes (“Conversion”) over 9,799,999 new ordinary shares at an exercise price of 3 pence per share (“New Ordinary Shares”), generating cash proceeds for the Company of £280,000. 

The New Ordinary Shares issued also reflect the 5% fee due on Conversion (which is itself payable through the issue of New Ordinary Shares). Following Conversion, the Company has no further convertible loan notes outstanding.

The convertible loan notes were issued in December 2025 as part of a fundraising at that time.

Admission

Application has been made for 9,799,999 New Ordinary Shares to be admitted to trading on AIM (“Admission”). Admission is expected to occur at 8:00 a.m. on or around 28 August 2026. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Total Voting Rights

Following Admission, the Company’s enlarged share capital will comprise 354,836,937 Ordinary Shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 354,836,937. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

Engage with the Mendell Helium management team directly by asking questions, watching videosummaries and seeing what other shareholders have to say. Navigate to our Interactive Investorwebsite here: https://mendellhelium.com/link/PKa6Ve

Enquiries:

Investor questions on this announcement

We encourage all investors to share questions

on this announcement via our investor website

 

https://mendellhelium.com/s/a6a55a

Mendell Helium plc

Nick Tulloch, CEO

 

Via our website

investors@mendellhelium.com

Cairn Financial Advisers LLP (Nominated Adviser)

Ludovico Lazzaretti / Liam Murray

 

Tel:  +44 (0) 20 7213 0880

SI Capital Limited (Broker)

Nick Emerson

 

Tel:  +44 (0) 1483 413500

Fortified Securities

Guy Wheatley

 

Tel: +44 (0) 203 4117773

 

OAK Securities

Jerry Keen / Calvin Man

 

Tel:  +44 (0) 20 3973 3678

AlbR Capital Limited

Gavin Burnell / Colin Rowbury / Jon Belliss

 

Tel: +44 (0) 207 4690930

 

Brand Communications (Public & Investor Relations)

Alan Green

Tel: +44 (0) 7976 431608

 

Overview of Mendell Helium 

Mendell Helium is a helium producer in Kansas, USA where it operates through its wholly owned subsidiary M3 Helium. 

M3 Helium’s flagship well, Rost 1-26, is in Fort Dodge, just to the east of Dodge City, Kansas. It has been tested as containing 5.1% helium composition and a drill stem test yielded a maximum flow rate of approximately 2,900 Mcf per dayWater removed from Rost 1-26 is delivered to Brobee, a nearby disposal well that has been permitted at 10,000 barrels of water per day at 1,200 psi.  Production at Rost 1-26 commenced in early November 2025 and the most recently recorded flow rate in December 2025 was 250 Mcf per day equating to approximately $1.4 million of helium per year (at $300/Mcf helium).

M3 Helium has subsequently drilled and completed a second well, Rost 2-26, which is currently being de-watered. It also owns additional leases in the Fort Dodge area capable of supporting up to eight new production wells. It has also agreed a joint venture with Ritchie Exploration, Inc. to recomplete the Schneweis Ventures 13A, a well with a drill stem test of over 10,000 Mcf per day and a historic flow rate of 300 Mcf per day. 

At the Rost wells in Fort Dodge, M3 Helium treats the raw gas on site to concentrate the helium and has leased two tube trailers which it uses for deliveries to its offtaker.

M3 Helium also has interests in five producing wells (Peyton, Smith, Nilson, Bearman and Dimmitt) within the Hugoton gas field in South-Western Kansas, one of the largest natural gas fields in North America. Significantly these wells are in the proximity of a gathering network and the Jayhawk gas processing plant meaning that producing wells are all tied into the infrastructure.

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