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#FDR First Development Resources PLC – Application to Surrender Non-Core Wallal Licences
First Development Resources plc (AIM: FDR), the Australian-focused exploration company, announces that it has lodged applications to voluntarily surrender Exploration Licences E45/5853 and E45/5880, located within the Wallal Project in the Paterson Province of Western Australia.
The applications form part of the Company’s ongoing portfolio optimisation strategy following a technical review of its exploration assets. The two out of three licences comprising the Wallal Project have been identified as non-core to the Company’s current exploration strategy, allowing the Company to focus exploration expenditure on its flagship Selta Project in the Northern Territory, including the Phase I Reverse Circulation (“RC”) drilling programme at the Lander West Gold Target, together with its assets within the Wallal Project, including Exploration Licence E45/5816, which hosts the Company’s Eastern and Border exploration anomalies.
The surrender of the two non-core licences will reduce future holding costs while reinforcing the Company’s disciplined approach to capital allocation across its exploration portfolio.
The surrender applications have been lodged with the Western Australian Department of Mines, Petroleum and Exploration and will become effective upon completion of the statutory surrender process.
Tristan Pottas, Chief Executive Officer, commented:
“The decision to surrender these non-core licences reflects our disciplined approach to portfolio management and capital allocation. Following a comprehensive technical review, we concluded that these tenements no longer form part of our core exploration strategy.
By streamlining our exploration portfolio, we are able to focus our technical and financial resources on the opportunities we believe offer the greatest potential to deliver long-term shareholder value. With our maiden RC drilling programme now underway at the flagship Lander West Gold Target, our immediate priority is the successful execution of the Phase I RC drilling programme, while continuing to advance our targeting work within the Wallal Project.”
For further information visit www.firstdevelopmentresources.com or contact the following:
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First Development Resources plc Tristan Pottas (CEO) |
Tel: +44 (0) 20 3778 1397 |
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Beaumont Cornish Limited Nominated Adviser Roland Cornish / Asia Szusciak |
Tel: +44 (0) 20 7628 3396 |
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SI Capital Limited Broker Nick Emerson
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Tel: +44 (0) 1483 413 500 |
Beaumont Cornish Limited (“Beaumont Cornish”) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
ABOUT FIRST DEVELOPMENT RESOURCES
First Development Resources is an Australian-focused exploration company with a portfolio of highly prospective exploration projects in Western Australia and the Northern Territory, targeting copper, gold, uranium, rare earth elements and lithium.
The Company’s portfolio includes the Wallal Project in the Paterson Province of Western Australia, where Exploration Licence E45/5816 hosts the Company’s Eastern and Border exploration anomalies, together with its flagship Selta Project in the Northern Territory, where the Company is currently undertaking its maiden Phase I RC drilling programme at the Lander West Gold Target.
The Company’s assets range from drill-ready opportunities through to earlier-stage exploration projects, providing exposure to multiple commodities across proven Australian mineral provinces. In parallel with advancing its existing portfolio, FDR continues to evaluate opportunities to expand through the acquisition of high-quality early-stage exploration projects in Australia.
#AYM Anglesey Mining PLC – Change of Non-Executive Directors
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 the appointment of Messrs. Martin Wood and Taj Singh to the Board as Independent Non-Executive Directors, effective immediately. Martin and Taj will replace Andrew King and Doug Hall, who are stepping down from the Board with immediate effect.
Martin, who is the founder and Managing Director of Vicarage Capital, an FCA-registered brokerage house which aids junior and mid-cap resource companies, was the CEO of ASX-listed Kogi Iron Limited between 2017 and 2019 and, since 2022, has been the Senior Independent Non-Executive Director and Remuneration Committee Chair at AIM-listed Tungsten West Limited.
Before Vicarage Capital, Martin worked in corporate finance at NM Rothschild & Sons, Standard Bank and Benfield Advisory, providing services to resource companies. Martin was a director of Royal Helium Limited, which went into a Voluntary Company Arrangement with its bondholders in 2023.
Martin holds an MBA from Exeter University.
Martin currently holds no direct interests in the Company’s ordinary shares.
Martin Wood, aged 57, holds or has held the following directorships/partnerships in the past five years:
| Current Directorships/Partnerships | Former Directorships/Partnerships (past five years) |
| Vicarage Capital Limited | Altona Energy Plc |
| Tungsten West Plc | Toya Gold SL |
| Royal Helium Limited |
Taj is an accomplished mining executive with more than 25 years of experience in the minerals sector and has raised over $400 million in equity throughout his career. He is currently the President and CEO of Crown 80 Consulting Services Ltd., which provides technical and capital markets advisory services within the minerals and mining industry.
Taj was the founder, President and CEO of TSX/V-listed First Nordic Metals Corp., which merged with Mawson Gold Ltd. in late 2025 to form TSX/V-listed Gold Sky Resources. Gold Sky Resources, a gold explorer and developer focused on Northern Europe, is currently valued at $720 million. At First Nordic Metals Corp., he executed numerous acquisitions, oversaw more than $100 million in equity financing, and helped increase the market capitalisation 30x during his tenure.
His previous experience includes serving as the founding President and CEO of TSX/V-listed NOA Lithium Brines, where he had significant success with the flagship project in Argentina, the founding President and CEO of TSX/V-listed Discovery Silver Corp., where he spearheaded the company to grow to a market capitalisation of more than $750 million, and he was the Chairman of TSX/V listed Silver Viper Minerals Corp from February 2024 to December 2025.
Taj is a Professional Engineer (P.Eng), a Chartered Professional Accountant (CPA), a Certified Management Accountant (CMA) and holds B.Eng and M.Eng qualifications in Minerals Processing and Metallurgy.
Taj currently holds no direct interests in the Company’s ordinary shares.
Taj Singh, aged 46, holds or has held the following directorships/partnerships in the past five years:
| Current Directorships/Partnerships | Former Directorships/Partnerships (past five years) |
| Silver Viper Minerals Corp | |
| First Nordic Metals Corp | |
| NOA Lithium Brines Inc | |
| Discovery Silver Corp |
Jim Williams, Executive Chairman of Anglesey, commented:
“I would like to take this opportunity to thank both Andrew and Doug for their service to Anglesey and wish them the very best for the future.”
“On behalf of Anglesey, I am delighted to welcome both Martin and Taj as our new independent Non-Executive Directors, which now fully complements our Board restructuring. Martin and Taj bring their demonstrable expertise in the mining sector to the Company at its critical point of strategic rejuvenation for the future.”
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)
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.
#BRES Blencowe Resources PLC – Appointment of Joint Broker
Blencowe Resources Plc (LSE: BRES) is pleased to announce that it has appointed Cavendish Capital Markets Limited (“Cavendish”) as Joint Broker to the Company with immediate effect.
As Orom-Cross advances towards first production, the Company is focused on strengthening research coverage and broadening engagement with institutional investors to reflect the scale and maturity of the opportunity. Cavendish will support the Company through sector-specialist research distribution and engagement with institutional investors.
Executive Chairman of Blencowe, Cameron Pearce, commented:
“We are delighted to add Cavendish into our team. Cavendish brings an experienced and well-regarded resources-focused research capability as well as a strong network of institutional investors, which we believe will be increasingly relevant as Blencowe progresses from a pre-production story towards initial stage operations at Orom-Cross.
As highlighted within our recent interim results, the Company remains well funded to progress its current work programmes and has received proceeds from warrant exercises.”
Head of Energy, Power & Resources at Cavendish, Neil McDonald, commented:
“We are pleased to be supporting Blencowe at this stage of its development. We see growing interest in secure, scalable graphite supply, particularly given its role in battery technologies, and believe Blencowe is well-positioned to benefit from this trend.
We look forward to helping broaden the Company’s engagement with institutional investors as it progresses the Orom-Cross project towards production.”
For further information please contact:
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Blencowe Resources Plc |
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Sam Quinn (Director) |
Tel: +44 (0)1624 681 250
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Sasha Sethi (Investor Relations) |
Tel: +44 (0) 7891 677 441 |
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Tavira Financial (Joint Broker):
Jonathan Evans |
Tel: +44 (0)20 3192 1733 |
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Oak Securities (Joint Broker):
Calvin Man / Mungo Sheehan / Jerry Keen |
Tel: +44 (0)20 3973 3678 |
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Cavendish (Joint Broker):
Neil McDonald / Peter Lynch / Hanna Leijonmarck |
Tel: +44 (0) 20 7908 6000 |
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#MDH Mendell Helium PLC – Publication of Circular & Notice of GM
Mendell Helium announces that a circular and notice of general meeting have been posted to shareholders to seek shareholder approval for the Fundraise (“Second Tranche Admission”) and the acquisition of M3 Helium, pursuant to the announcement of 30 April 2026.
Following completion of the Acquisition, Mendell Helium intends to use the net proceeds of the Fundraise to expand its operations in the Fort Dodge Area. This will include leasing additional land (with suitable locations already identified), drilling and recompleting production and water disposal wells, further development of helium purification facilities and general working capital purposes.
The General Meeting will be held at 10.00 a.m. on Monday 18 May 2026, at the Company’s offices at Office 12, Arran House, Arran Road, Perth, Perthshire PH1 3DZ.
An extract from the circular is set out in Appendix 1 below. Words and expressions defined in the circular have the same meaning in this announcement. Copies of the full text of the circular and notice of General Meeting are available on the Company’s website.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
Engage with the Mendell Helium management team directly by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor website here: https://mendellhelium.com/link/PKa6Ve
Enquiries:
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Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor website |
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Mendell Helium plc Nick Tulloch, CEO |
Via our website investors@mendellhelium.com |
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Cairn Financial Advisers LLP (AQSE Corporate Adviser) Ludovico Lazzaretti / Liam Murray |
Tel: +44 (0) 20 7213 0880 |
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SI Capital Limited (Broker) Nick Emerson |
Tel: +44 (0) 1483 413500 |
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Stanford Capital Partners Ltd (Broker) Patrick Claridge/Bob Pountney |
Tel: +44 (0) 203 3650 3650/51
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Fortified Securities Guy Wheatle |
Tel: +44 (0) 203 4117773
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Tel: +44 (0) 20 3973 3678 |
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AlbR Capital Limited Gavin Burnell / Colin Rowbury / Jon Belliss |
Tel: +44 (0) 207 4690930
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Brand Communications (Public & Investor Relations) Alan Green |
#AYM Anglesey Mining PLC – Placing and Subscription to raise approximately £680,000 and Appointment of AlbR Capital as Joint Corporate Broker
Anglesey Mining plc (AIM:AYM), the minerals exploration and development company, is pleased to announce that AlbR Capital Limited has conditionally raised aggregate gross proceeds of approximately £680,000, by means of a placing (the “ Placing ”) of 10,491,663 new ordinary shares of nominal value £0.01 (“ Ordinary Shares ”) each in the capital of the Company (the “ Placing Shares ”), to certain institutional and other investors raising gross proceeds of approximately £630,000, and a direct subscription of 833,333 new Ordinary Shares (the “ Subscription Shares ”), to raise approximately £50,000 (the “ Subscription ”) (together the “ Fundraising ”), in each case at a price of £0.06 (6 pence) per share (the “ Issue Price ”).
Participants in the Fundraising will receive 1 warrant for every new Ordinary Share subscribed for, exercisable at £0.07 (7 pence) per share for a period of 12 months from date of grant (the ” Warrants “). If exercised in full, the exercise of the Warrants would provide an additional £792,749.72 of gross proceeds to the Company.
The Subscription is being supported by the Company’s largest shareholder, Energold Minerals Inc. (“ Energold ”), which will invest £49,999.98 at the Issue Price. Upon completion of the Fundraising, Energold will be interested in 14,951,233 ordinary shares of nominal value £0.01 each (“ Ordinary Shares ”), representing approximately 23.1% of the enlarged issued share capital.
The Fundraising is being undertaken by AlbR Capital Limited (” AlbR “). The Company is also pleased to announce that AlbR has been formally appointed as joint Corporate Broker, with immediate effect.
The appointment of AlbR follows the £350,000 investment by Energold and the recent restructuring of the Company’s balance sheet, eliminating approximately £4 million in debt, as further described in the announcement of 5 December 2025.
Anglesey is now fully focused on advancing an exploration and development strategy for its 100%-owned Parys Mountain copper-zinc-lead-gold-silver project (see “ Use of Proceeds ” below).
Pursuant to the engagement of AlbR, 400,000 new Ordinary Shares will be issued to AlbR in respect of its annual retainer for the next 12 months (“ Retainer Shares ”). The Retainer Shares will be issued based on the closing mid-price on Friday, 6 March 2026 of £0.075 (7.5 pence) per Ordinary Share.
Anglesey Mining CEO, Rob Marsden, commented : “We are pleased to welcome AlbR, as we seek to expand the Company profile and broaden the Company’s shareholder base. AlbR has already been assisting the Company and we look forward to working with them as we continue to advance Parys Mountain.”
Use of Proceeds
The net proceeds of the Fundraising are expected to be applied towards:
- £250,000: initiation of dewatering the existing shaft to facilitate exploration efforts, advance the pumped energy storage project and support eventual mine development.
- £50,000: analysis of existing core samples from previous drilling campaigns which have not, thus far, been incorporated into resource models.
- £100,000: for ongoing exploration to include aero-geophysics and ground follow up.
- £200,000: for G&A/Working Capital.
The actual use of proceeds may vary at the Company’s discretion based on the results of work undertaken or other factors.
Further Details of the Fundraising and Warrants
The Company has, conditional on Admission of the Placing Shares and Subscription Shares, raised £679,499.76 (before expenses) through the Placing and Subscription with institutional and other investors for a total of, in aggregate, 11,324,996 new Placing Shares and Subscription Shares at 6 pence per share. The Placing Shares and Subscription Shares will be issued on a non-pre-emptive basis pursuant to the authorities granted to the Board at the Company’s annual general meeting held in February.
Jim Williams, non-executive director of the Company, is participating in the Placing for an aggregate subscription of £9,999.96 for 166,666 Placing Shares.
The Placing Shares, Subscription and Retainer Shares, when issued and fully paid, will rank pari passu in all respects with the existing Ordinary Shares in issue and therefore will rank equally for all dividends or other distributions declared, made or paid after the issue of the new Ordinary Shares.
The Issue Price represents a discount of approximately 20 per cent to the closing middle market price of 7.5 pence per Ordinary Share on 6 March 2026, being the latest business day prior to the announcement of the Fundraising.
Participants in the Fundraising will be issued with one Warrant for each new Ordinary Share subscribed for, resulting in the issue of 11,324,996 Warrants. The Warrants will be exercisable at a price of 7 pence for a period of 12 months from the date of issue. The Warrants will not be transferable and will not be traded on an exchange.
Related Party Transaction
Energold has agreed to subscribe, in aggregate, for 833,333 Subscription Shares at the Issue Price and will receive 833,333 Warrants, on the same terms and conditions as other participating investors. Energold is a related party for the purposes of Rule 13 of the AIM Rules by virtue of being a substantial shareholder in Anglesey, and its participation in the Fundraising constitutes a related party transaction (as defined by the AIM Rules).
The Directors of Anglesey, save for Brendan Cahill (a representative of Energold), consider, having consulted with the Company’s nominated adviser, that the terms of Energold’s participation in the Fundraising are fair and reasonable insofar as the shareholders of the Company are concerned.
Admission to Trading
Application will be made for the 10,491,663 Placing Shares, 833,333 Subscription Shares and the 400,000 Retainer Shares to be admitted to trading on AIM (” Admission “). Admission is expected to occur at 8.00 a.m. on or around 13 March 2026.
Total Voting Rights
Following Admission, the Company’s enlarged issued share capital will comprise 64,814,303 Ordinary Shares. The Company holds no shares in treasury. This figure may be used by shareholders for the purposes of the FCA’s Disclosure Guidance and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended) (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information, please contact:
Anglesey Mining plc
Rob Marsden, Chief Executive Officer – Tel: +44 (0)7531 475111
Andrew King, Chairman – Tel: +44 (0)7825 963700
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679 6363
ALBR Capital Limited Tel: +44 (0)20 7562 0930
Joint Broker
Lucy Williams / Duncan Vasey
LEI: 213800X8BO8EK2B4HQ71
About Anglesey Mining plc:
Anglesey is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales, UK with a reported resource of 5.3 million tonnes at over 4.0% combined base metals in the Measured and Indicated categories and 10.8 million tonnes at over 2.5% combined base metals in the Inferred category.
Appendix: Notification And Public Disclosure Of Transactions By Persons Discharging Managerial Responsibilities And Persons Closely Associated With Them
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Jim Williams | ||||||
| 2. | Reason for the notification | |||||||
| a) | Position/status: | Non-Executive Director | ||||||
| b) | Initial notification/Amendment: | Initial notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name: | Anglesey Mining Plc | ||||||
| b) | LEI: | 213800X8BO8EK2B4HQ71 | ||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument:
Identification code: |
Ordinary Shares of 1 pence each
GB00BVMZHW05 |
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| b) | Nature of the transaction: |
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| c) | Price(s) and volume(s): |
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| d) | Aggregated information:
Aggregated volume: Price: |
N/A – single transaction | ||||||
| e) | Date of the transaction: | 9 March 2026
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| f) | Place of the transaction: | Outside a trading venue |
#HREE Harena Resources PLC – Completion of Investment by RAB Capital Holdings
Harena Rare Earths Plc (LSE: HREE) (OTCQB: CRMNF), the rare earths company focused on the Ampasindava ionic clay rare earth project in Madagascar (the “Ampasindava Project”), announces the issue of new ordinary shares to complete the £450,000 investment into the Company by RAB Capital Holdings Limited and associates (“RAB Capital“).
On 1 October 2025, the Company announced a conditional subscription (the “Subscription“) by RAB Capital for 30,000,000 new ordinary shares of £0.005 each in the Company (the “Subscription Shares“) at a price of £0.015 per Subscription Share. The proceeds from the subscription were received by the Company in October 2025 pursuant to the Subscription Agreement and following the passing of the requisite resolutions by shareholders at the Company’s annual general meeting on 4 December 2025 and with the new Prospectus Rules coming into effect, the Company will now proceed with the issue of the Subscription Shares to RAB Capital.
Accordingly, an application has been made by the Company for the 30,000,000 Subscription Shares to be admitted to trading on the main market of the London Stock Exchange (“Admission“) and Admission is expected to take place at 8.00 a.m. on or around 20 January 2026.
Following Admission RAB Capital is expected to hold 58,250,959 ordinary shares of £0.005 each in the Company, representing approximately 9.8 per cent of the Company’s then issued share capital.
Total voting rights
Immediately following Admission, the Company will have 592,651,018 ordinary shares of 0.5 pence each in issue, each with one voting right. There are no shares held in treasury. Therefore, the Company’s total number of ordinary shares in issue and voting rights will be 592,651,018 and this figure may be used by shareholders from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.
For further information please contact:
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Harena Rare Earths Plc Ivan Murphy, Executive Chairman Allan Mulligan, Executive Technical Director
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+44 (0)20 7770 6424
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Allenby Capital Limited – Financial Adviser & Joint Broker Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Amrit Nahal / Kelly Gardiner (Sales & Corporate Broking) |
+44 (0)20 3328 5656 info@allenbycapital.com |
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SP Angel Corporate Finance LLP – Joint Broker Ewan Leggat / Josh Ray (Corporate Finance)
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+44 (0)20 3470 0470 |
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Marex Financial – Corporate Adviser Angelo Sofocleous / Keith Swann / Matt Bailey (Broking) |
+44 (0)20 7655 6000 corporate@marex.com |
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Muriel Siebert & Co. – US Financial Adviser & Broker Ajay Asija, Co-Head of Investment Banking |
+1 (917) 902 7823 aasija@siebert.com |
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Celicourt Communications – Public Relations Mark Antelme / Charles Denley-Myerson |
+44 (0)20 7770 6424 harena@celicourt.uk |
Notes to editors
Harena (www.harenaresources.com) is a rare earths exploration and development company focused on the Ampasindava Ionic Clay Rare Earth Project in Madagascar (Harena’s interest is 100%). The project hosts one of the largest ionic clay rare earth deposits outside of China, with significant concentrations of high-value magnet metals, specifically heavy rare earths, including neodymium (Nd), dysprosium (Dy), and praseodymium (Pr), which are critical for the composition of neodymium magnets (NdFeB). Harena is committed to low-impact, high recovery mining, providing a sustainable supply of critical minerals for the global energy transition and military defence industries as well as meeting the ever-growing demand for NdFeB from the robotics sector.
#HREE Harena Rare Earths PLC – Appointment of CFO, Corporate Advisor and Broker
Harena Rare Earths Plc (LSE: HREE) (OTCQB: CRMNF), the rare earths company focused on the Ampasindava ionic clay rare earth project in Madagascar (the “Ampasindava Project”), is pleased to announce the appointment of Jack Allardyce as Interim Chief Financial Officer (“CFO“) as well as the appointment of Marex as Corporate Adviser and SP Angel Corporate Finance LLP (“SP Angel“) as Joint-Broker, with immediate effect.
Jack brings substantial listed company experience, with a strong track record as a CFO and senior finance executive across the natural resources sector. He has extensive experience in capital markets, corporate finance, stakeholder engagement, and working with UK and international investors, and has supported a number of publicly listed companies through key growth and transactional phases. The Board believes his expertise will be highly valuable as Harena continues to strengthen its financial and capital markets capabilities.
Marex has been appointed to provide corporate advisory services with a particular focus on institutional marketing, trading support and access to US capital markets, in support of the Company’s growth strategy and its UK and US market ambitions. Marex is a leading corporate advisory firm which, with its recent acquisition of Winterflood Securities, one of the UK’s leading market makers, has further enhanced its equities’ platform and capabilities across trading, distribution and market making.
SP Angel has been appointed as Harena’s Joint-Broker and will lead equity research coverage and investor marketing in the UK.
With these appointments, Harena is well-placed to expand its access to prospective shareholders and continue to deliver further progress in the development of the Ampasindava project.
For further information please contact:
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Harena Rare Earths Plc Ivan Murphy, Executive Chairman Allan Mulligan, Executive Technical Director
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+44 (0)20 7770 6424
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SP Angel – Joint-Broker Ewan Leggat / Josh Ray (Corporate Finance)
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+44 (0)20 3470 0470 |
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Marex Financial – Corporate Advisor Angelo Sofocleous / Keith Swann / Matt Bailey (Broking) |
+44 (0)20 7655 6000 corporate@marex.com |
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Allenby Capital Limited – Financial Advisor & Joint Broker Jeremy Porter / Vivek Bhardwaj (Corporate Finance) Amrit Nahal / Kelly Gardiner (Sales & Corporate Broking) |
+44 (0)20 3328 5656 info@allenbycapital.com |
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Muriel Siebert & Co. – US Financial Adviser & Broker Ajay Asija, Co-Head of Investment Banking |
+1 (917) 902 7823 aasija@siebert.com |
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Celicourt Communications – Public Relations Mark Antelme / Charles Denley-Myerson |
+44 (0)20 7770 6424 harena@celicourt.uk |
#MDH Mendell Helium PLC – Conversion of CLNs
Mendell Helium announces that the Company has received notice to convert a total face value of £10,000 convertible loan notes (the “CLNs”) resulting in the issue of 350,000 new ordinary shares in the Company (the “New Ordinary Shares”) (“Conversion”).
In accordance with the terms of the CLNs, which were announced on 9 December 2025, the conversion price of the CLNs is 3 pence. 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 CLNs with a face value of £290,000 outstanding.
Admission
Application will be made for the 350,000 New Ordinary Shares to be admitted to trading on the Aquis Stock Exchange AQSE Growth Market (“Admission”). Admission is expected to occur at 8:00 a.m. on or around 6 January 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 123,607,973 Ordinary Shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 123,607,973. 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.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
ENDS
Engage with the Mendell Helium management team directly by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor website here: https://mendellhelium.com/s/a6a55a
Enquiries:
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Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor website
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Mendell Helium plc Nick Tulloch, CEO
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Via our website investors@mendellhelium.com |
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Cairn Financial Advisers LLP (AQSE Corporate Adviser) Ludovico Lazzaretti / Liam Murray
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Tel: +44 (0) 20 7213 0880 |
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SI Capital Limited (Broker) Nick Emerson |
Tel: +44 (0) 1483 413500 |
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Stanford Capital Partners Ltd (Broker) Patrick Claridge/Bob Pountney
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Tel: +44 (0) 203 3650 3650/51
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Fortified Securities Guy Wheatley
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Tel: +44 (0) 203 4117773
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AlbR Capital Limited Gavin Burnell, Colin Rowbury, Jon Belliss
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Tel: +44 (0) 207 4690930 |
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Brand Communications (Public & Investor Relations) Alan Green
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Tel: +44 (0) 7976 431608 |

