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#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 |
||||||
| 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 Rare Earth PLC – Conditional Subscription to raise £2,000,000
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 that it has raised gross proceeds of £2.0 million through a direct subscription for 90,909,090 new ordinary shares of 0.5 pence each in the Company (the “Subscription Shares”) by a prominent international investor (the “Subscription”). The Subscription Shares will be issued at a price of 2.20 pence per new Subscription Share (the “Subscription Price”).
The Subscription Shares will be issued pursuant to the Company’s existing authorities to allot shares. The Subscription is conditional upon Admission (as defined below).
Use of Proceeds
The net proceeds of the Subscription will be used for the continuation of development work on the Ampasindava Project, engagement with the U.S. International Development Finance Corporation (“DFC“) and for ongoing working capital requirements.
Admission
Application will be made for the Subscription Shares to be admitted to trading on the Main Market of the London Stock Exchange (“Admission”). Admission is expected to take place at 8.00 a.m. on or around 23 February 2026.
Ivan Murphy, Executive Chairman of Harena, said:
“I am delighted to welcome this new globally recognised international investor, whose investment is another endorsement of our world-class rare earth project and our strategy for its development.”
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 – 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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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 – Issue of Equity, Conversion of CLNs & PDMR Dealing
Mendell Helium announces that, in accordance with his share-based remuneration arrangements announced on 23 June 2025, Nick Tulloch, Chief Executive Officer, will receive 750,000 new Ordinary Shares (“New Shares”), as payment in lieu of £22,500 of accrued remuneration for the period from 1 October 2025 to 31 December 2025. The New Shares will be issued at a price of 3.0 pence per share, being a price equal to the issue price of the Company’s subscription announced on 17 November 2025.
Following this issuance, the total number of Ordinary Shares that will be held following Admission by Nick Tulloch, a Person Discharging Managerial Responsibility (“PDMR”), is as follows:
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Name |
New Ordinary Shares to be issued |
Total Ordinary Shares held in the Company following Admission |
Percentage of the Company’s enlarged issued ordinary share capital following Admission |
|
Nick Tulloch |
750,000 |
5,573,9831 |
4.44% |
1Including shares held by his spouse and Fetlar Capital, a company controlled by Nick Tulloch and his spouse.
Additional Issue of Equity
The Company has agreed to issue and allot 950,000 New Shares as payment in lieu of approximately £28,500 of accrued fees owed by the Company to a professional adviser. These New Shares will be issued at the same price of 3.0 pence per share, being a price equal to the issue price of the Company’s subscription announced on 17 November 2025.
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 3.0 pence per share. 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 £280,000 outstanding.
Admission
Application will be made for the 2,050,000 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 am on or around 26 January 2026. The New Shares will rank pari passu with the existing ordinary shares.
Total Voting Rights
Following Admission, the Company’s enlarged share capital will comprise 125,657,973 ordinary shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 125,657,973. 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.
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
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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 |
Tel: +44 (0) 7976 431608
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Mendell Helium announced on 27 June 2024 that it has entered into an option agreement to acquire the entire issued share capital of M3 Helium through the issue of 57,611,552 new ordinary shares in Mendell Helium to M3 Helium’s shareholders. The exercise of the option will constitute a reverse takeover pursuant to AQSE Rule 3.6 of the Access Rule Book and is subject to, inter alia, publication of an admission document.
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 day. M3 Helium owns a mobile Pressure Swing Adsorption production plant which has been installed on site and will be used to purify the produced helium. The plant is capable of processing up to 800 Mcf per day of raw gas and purifying it up to 99.999% helium although management believes on-site purification to around 75% will be more practical.
Water removed from Rost 1-26 is delivered to Brobee, a nearby disposal well that has been permitted at 5,000 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 249.6 Mcf per day equating to approximately $1.4 million of helium per year.
M3 Helium also has interests in five producing wells (Peyton, Smith, Nilson, Bearman and Demmit) 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.
M3 Helium is also developing a Bitcoin mining operation in Nebraska where it has taken a lease of land prospective for biogenic methane and has drilled a pilot well (Jasper). It is onboarded for custody with Bitgo Inc. and its Bitcoin treasury management policy is available at https://mendellhelium.com/bitcoin-treasury.
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1 |
Details of the persons discharging managerial responsibilities / person closely associated
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a) |
Name
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Nick Tulloch |
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2 |
Reason for the notification
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a) |
Position/Status
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Chief Executive Officer |
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b) |
Initial notification/ Amendment
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Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) |
Name
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Mendell Helium plc |
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b) |
LEI
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213800XIUQ3AHRZ6UF89 |
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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
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a) |
Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 1 pence each
GB00BLD3FF28
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b) |
Nature of the transaction |
Issue of shares pursuant to director remuneration
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c) |
Price(s) and volume(s)
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d) |
Aggregated information
– Aggregated volume
– Price
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N/A
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e) |
Date of transaction
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19 January 2026 |
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f) |
Place of transaction
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AQSE |
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#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.
#MDH Mendell Helium PLC – Extension of Broker Option Subscription
Mendell Helium announces that, further to its announcement of 17 November 2025 regarding the Subscription, Issue of Equity and Warrants (the “November Subscription Announcement”), it has received expressions of interest from investors to participate in the broker option (the “Broker Option”). To provide time for these investors to finalise their commitments, the Company has agreed with AlbR Capital Limited (“AlbR”) to extend the period during which the Broker Option may be exercised. If all of the proposed investors participate then the Broker Option is expected to be exercised in full. Pending conclusion of these discussions, Mendell Helium also announces that it has received a further subscription for new ordinary shares on the same terms as the Subscription described in that announcement from an existing shareholder.
As announced on 27 June 2024, the Company has an option (the “Option”) to acquire M3 Helium, a producer of helium which is based in Kansas and holds an interest in six producing wells. There is no certainty that the Company’s option to acquire M3 Helium will be exercised, nor that the enlarged group will successfully complete a re-admission. As announced on 1 December 2025, the Company and M3 Helium have agreed to extend the date on which the Option should be exercised to 28 February 2026.
Extension of Broker Option
As set out in the November Subscription Announcement, the Company granted AlbR, the Broker Option over up to 10,000,000 new ordinary shares (the “Broker Option Shares”), exercisable at the Issue Price and originally exercisable up to 4.30 p.m. (UK time) on 24 November 2025.
The Company has agreed with AlbR that the latest time and date for the exercise of the Broker Option will be extended and that the Broker Option will be exercisable, at AlbR’s discretion (following consultation with the Company), on one or more occasions up to 4.30 p.m. (UK time) on 8 December 2025.
All other terms of the Broker Option remain unchanged.
Additional Subscription
Pursuant to the terms of the Subscription set out in the November Subscription Announcement, the Company has raised approximately an additional £600 through the issue of 20,000 new ordinary shares of 1 pence each in the Company (“Ordinary Shares”) at an issue price of 3 pence per new Ordinary Share (the “Issue Price”) (the “Additional Subscription”).
The Additional Subscription, consistent with the Subscription, has been carried out directly by the Company without the payment of commissions.
As with the Subscription described in the November Subscription Announcement, for every two new Ordinary Shares issued pursuant to the Additional Subscription, investors will receive:
· one warrant to subscribe for an additional new ordinary share in the Company at an exercise price of 4.5 pence per share; and
· one warrant to subscribe for an additional new ordinary share in the Company at an exercise price of 6 pence per share,
each exercisable within two years of Admission of the relevant Ordinary Shares. In aggregate, 20,000 additional warrants will be issued pursuant to the Additional Subscription on this basis.
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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Brand Communications (Public & Investor Relations) Alan Green
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Tel: +44 (0) 7976 431608
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#HREE Harena Resources PLC – Update in relation to Fundraising
Harena Resources Plc (LSE: HREE), the rare earths company focused on the Ampasindava ionic clay rare earth project in Madagascar (the “Ampasindava Project“), is pleased to announce that the Company has raised further gross proceeds of approximately £0.18 million at the Issue Price through a oversubscribed Subscription of 12,100,000 new Ordinary Shares (the “Subscription Shares“) with certain institutional and professional investors, conditional on Admission (as defined below).
The Subscription has been undertaken at the Issue Price of 1.5 pence per new Ordinary Share and on the same terms as the Placing announced by the Company on 4 August 2025 (the “Fundraising Announcement“). In total the Placing and the Subscription has raised gross proceeds of approximately £1.23 million.
It is intended that the net proceeds of the Subscription will be deployed by the Company for the same purposes as that of the Placing as detailed in the Company’s announcement on 31 July 2025.
Admission
Applications have been made: (i) to the UK’s Financial Conduct Authority (the “FCA”) for the admission of the 12,100,000 Subscription Shares to trading on the equity shares (transition) category of the Official List of the FCA; and (ii) to trading on the London Stock Exchange for the admission of the 12,100,000 Subscription Shares to trading on its main market for listed securities (together, “Admission”). Admission is expected to take place on 8.00 a.m. on or around 18 August 2025.
Total voting rights
Immediately following Admission, the Company will have 495,984,352 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 495,984,352 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.
Warrants
In line with the Company’s announcement on 31 July 2025, the Company has conditionally agreed to issue a further 5,000,000 Fee Warrants to Ivan Murphy and Paul Richards for their services in respect of the Subscription. The Fee Warrants are exercisable at 3 pence for a period of five years from the date of Admission. The Fee Warrants are not subject to any vesting conditions. The Fee Warrants will not be admitted to trading on the London Stock Exchange or any other stock exchange. Consequently, a total of 40,000,000 Fee Warrants and 40,000,000 Performance Warrants have been issued to date.
The FCA notification in respect of these director dealings, made in accordance with the requirements of UK MAR, is appended further below.
Unless otherwise defined, definitions contained in this Announcement have the same meaning as set out in the Fundraising Announcement.
For further information please contact:
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Harena Resources Plc Ivan Murphy, Non-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)
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+44 (0)20 3328 5656 |
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Tavira Financial Limited – Joint Broker Jonathan Evans / Oliver Stansfield
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+44 (0)20 7330 1833 |
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Celicourt Communications – Public Relations Mark Antelme / Charles Denley-Myerson |
44 (0)20 7770 6424 celicourt@celicourt.uk |
#MDH Mendell Helium PLC – Publication of Circular and Notice of General Meeting
Mendell Helium announces that a circular and notice of general meeting (“General Meeting”) have been posted to shareholders to seek shareholder approval to enable the 4p Warrants, the 6p Warrants and the Adviser Warrants, to be exercisable in due course for new ordinary shares in the Company, pursuant to the announcement of the Subscription on 23 June 2025.
The gross proceeds of the Subscription of approximately £515,000 will provide the Company with additional working capital as it finalises its near-term objectives, primarily:
· Commencing production at the Rost well following receipt of the water disposal permit during July 2025
· Establishing a Bitcoin treasury management policy to support its forthcoing helium production activities
The General Meeting will be held at 11.00 am on Monday 14 July 2025, at the Company’s offices at Office 12, Arran House, Arran Road, Perth, Perthshire PH1 3DZ.
Capitalised terms used in this announcement shall, unless otherwise defined, have the same meaning as set out in the announcement on 23 June 2025.
The Directors of the Company are responsible for the release of this announcement.
Enquiries:
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Mendell Helium plc
Nick Tulloch, CEO
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via our website
https://mendellhelium.com/ nick@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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Brand Communications (Public & Investor Relations)
Alan Green
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Tel: +44 (0) 7976 431608
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Overview of M3 Helium
Mendell Helium announced on 27 June 2024 that it has entered into an option agreement to acquire the entire issued share capital of M3 Helium through the issue of 57,611,552 new ordinary shares in Mendell Helium to M3 Helium’s shareholders. The exercise of the option will constitute a reverse takeover pursuant to AQSE Rule 3.6 of the Access Rule Book and is subject to, inter alia, publication of an admission document.
M3 Helium has interests in ten wells in South-Western Kansas of which five (Peyton, Smith, Nilson, Bearman and Demmit) are in production. Eight of the company’s wells are within the Hugoton gas field, 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 can quickly be tied into the infrastructure.
The ninth well, Rost, is in Fort Dodge, just to the east of Dodge City, Kansas. It was tested in July 2024 as containing 5.1% helium composition and a previous drill stem test yielded a maximum flow rate of approximately 2,900 Mcf per day. M3 Helium owns a mobile Pressure Swing Adsorption production plant which has been installed on site and will be used to purify the produced helium. The plant is capable of processing up to 800 Mcf per day of raw gas and purifying it up to 99.999% helium.
The tenth well, Brobee, is a disposal well that has been tested at over 4,500 barrels of water per day at 640 psi.
#VVV VVV Resources Limited – Notice of AGM, Underwritten Subscription
VVV Resources Limited (AQSE: VVV), quoted on the Aquis Growth Market, is pleased to announce that the Annual General Meeting of the Company will be held at the offices of Peterhouse Capital Ltd, Third Floor, 80 Cheapside, EC2V 6EE, London, United Kingdom at 10:00 a.m. on 9 June 2025.
The Notice of AGM and Proxy Form will shortly be available at: https://www.vvvresources.co.uk/
Underwritten subscription
Subject to the Resolutions being passed at the AGM, Campana Investments Limited (“Campana”) has underwritten the Subscription of £900,000, through the issuance of 90,000,000 new ordinary shares of no par value (“Ordinary Shares”), at £0.01 per share. Prior to the Annual General Meeting, Campana will have the right to procure other subscribers to participate in the Subscription, subject to satisfactory anti-money laundering requirements and due diligence. A further update will be provided shortly after the Annual General Meeting.
In consideration for underwriting the Subscription, Campana will receive:
- an underwriting commission equal to £90,000;
- one warrant for each new Ordinary Share subscribed pursuant to the Subscription, exercisable at £0.012, valid for three years from Admission and which will vest on Admission.
As announced on 17 April 2025, Campana has already subscribed to £100,000 of Ordinary Shares at £0.01 per share, with warrants on the same terms as the Subscription.
Proposed Name Change and Strategy
The Annual General Meeting will consider, inter alia, amendments to the Investment Strategy and a name change of the Company to VVV Sports Limited that has been secured. In addition, the domains vvvsport.vg and vvvsports.vg have been registered.
The proposed Investment Strategy proposes to invest in the sports and entertainment sector, particularly the fast growing and widely adopted young sports such as Padel Tennis, Pickleball and Beach Tennis.
Resignation of Director
David Ajemian has left the board of the Company with immediate effect.
The Company wishes David all the best in his future endeavours.
A copy of the Non-Executive Director’s letter and the expected timetable of principal events contained in the Circular are set out in full below without material amendment or adjustment.
The Directors of the Company accept responsibility for the contents of this announcement.
For further information please contact:
VVV Resources Limited:
Mahesh S/o Pulandaran (Non-Executive Director)
+44 (0)20 3813 0175
Aquis Growth Market Corporate Adviser:
Peterhouse Capital Limited
+44 (0) 20 7469 0936
Link to view the full announcement
#BRES Blencowe Resources PLC – Subscription & Conditional Subscription – Replace
New Investor
The Company is pleased to report it has raised US$500,000 (£392,350) at 5 pence per share with a specialist African-based investor (“African Investor”) through the issue of 7,847,000 new ordinary shares. The investor has undertaken extensive due diligence over the last four months and the current investment is viewed as an initial entry into the project ahead of anticipated further investment as required. The shares have been issued to the African Investor under the Company’s existing headroom.
Additional Investor and the Issue of a Prospectus
In addition, the Company has conditionally raised a further £2,500,000 at 5 pence resulting in the issue of 50,000,000 new ordinary shares to an additional strategic investor (“Strategic Investor”). The Company is required to publish a prospectus on the basis that it will be issuing more than 20% of its issued share capital in a 12-month period. The Company and its advisers are in advanced stages of finalising the prospectus. The Company anticipates publishing the prospectus this month and will update shareholders prior to its publication.
Conditional Subscription
The Strategic Investor has received investment committee approval and made a firm commitment to subscribe. The subscription by the Strategic Investor is subject to the Company issuing the prospectus, a general meeting by the Company to approve certain resolutions relating to the issue of new ordinary shares, settlement of the investment and the issue and allotment of the new ordinary shares.
For the avoidance of doubt, the subscription by the African Investor is firm and not contingent on any investment by the Strategic Investor. The subscription funds have been received from the African Investor and the Company shall apply for the new ordinary shares to commence trading.
Admission
An application has been made for 7,847,000 new ordinary shares to be admitted to trading on the official list and the London Stock Exchange from 8.00 a.m. on Monday 12 February 2024 (“Admission”).
In accordance with the FCA’s Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company’s enlarged issued ordinary share capital will comprise 217,226,950 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to 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.
Mike Ralston, CEO of Blencowe Resources, commented:
‘I am pleased to provide this positive update with respect to our fundraising initiatives. As previously reported, we have already received US$2,000,000 in grant funding from the US International Development Finance Corporation (“DFC”) out of their approved US$5,000,000 grant. A further US$1,000,000 is expected from the DFC in the near term as the next milestones have been met.
We now welcome a new specialist African investor to the register following the fundraise of US$500,000 at 5 pence, which represents a healthy premium to the current market price and underlines their decision to invest for the long term after an extensive due diligence exercise. We reasonably believe that they will look to invest further as our relationship is built.
Moreover, we are now in the closing stages of a further subscription of £2.5m at 5 pence from another Strategic Investor and we are busily working with our advisers to finalise and issue the prospectus.
Both these investments at 5p underline the value proposition offered by Blencowe and will provide us with a good runway to complete the DFS this year. We are making rapid progress in de-risking the Orom-Cross project, especially following the recent letter of interest received from the DFC to provide a funding solution for the build and development of Orom-Cross. We will continue to work closely with the DFC as we complete the DFS to ensure construction can commence at Orom-Cross in a timely fashion.
I believe it is testament of the quality of the Orom-Cross project that we have been able secure funding partners like this at a time when the junior mining sector continues to face significant difficulties with respect to sourcing capital. We are hoping to deliver an NPV in the DFS significantly higher than the post-tax NPV of US$482M achieved in the Pre-Feasibility Study and will keep shareholders updated on our progress.’
For further information please contact:
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Blencowe Resources Plc Sam Quinn |
www.blencoweresourcesplc.com Tel: +44 (0)1624 681 250
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Investor Relations Sasha Sethi |
Tel: +44 (0) 7891 677 441
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Tavira Financial Jonathan Evans |
Tel: +44 (0)20 3192 1733
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First Equity Limited Jason Robertson |
Tel: +44(0)20 7330 1833 jasonrobertson@firstequitylimited.com
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Twitter https://twitter.com/BlencoweRes
LinkedIn https://www.linkedin.com/company/72382491/admin/
Background
Orom-Cross Graphite Project
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger coarse flakes within the deposit.
A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit. Blencowe completed a successful Pre-Feasibility Study on the Project in July 2022 and is now within the Definitive Feasibility Study phase as it drives towards first production.
Orom-Cross presents as a large, shallow open-pitable deposit, with an initial JORC Indicated & Inferred Mineral Resource of 24.5Mt @ 6.0% TGC (Total Graphite Content). This Resource has been defined from only ~2% of the total tenement area which presents considerable upside potential ahead. Development of the resource is expected to benefit from a low strip ratio and free dig operations together with abundant inexpensive hydro-electric power off the national grid, thereby ensuring low operating costs. With all major infrastructure available at or near to site the capital costs will also be relatively low in comparison to most graphite peers.
#KAV Kavango Resources PLC – Notice of General Meeting
Kavango Resources plc (LSE:KAV), the Southern Africa-focused metals exploration company, is pleased to announce that it will today post a copy of a notice of general meeting (the “General Meeting Notice” or “Circular”) and form of proxy for the general meeting to shareholders. The general meeting is to be held at 11 a.m. on 25 October 2023 at the offices of the Company’s Solicitors, Druces LLP, Salisbury House, London Wall, London EC2M 5PS (the “General Meeting”). The Company will also make these documents available to download from the Company’s website (www.kavangoresources.com).
In accordance with Listing Rule 14.3.6 of the UK Financial Conduct Authority (“FCA”), a copy of the General Meeting Notice will be submitted to the FCA via the National Storage Mechanism and will shortly be available to the public for inspection at:
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
Background
The General Meeting Notice will be published and posted to shareholders today, together with a form of proxy, providing notification of the General Meeting to consider the resolutions set out below.
Resolutions have been tabled to (i) seek approval from independent shareholders of a waiver in accordance with Rule 9 of the Takeover Code (Whitewash) in relation to the Stage 2 Subscription (as announced on 09 May 2023), (ii) issue and allot, or grant rights to subscribe for or convert any securities into the Stage 2 Subscription Shares, and to (iii) allot equity securities (as defined in section 560(1) of the Companies Act 2006) for cash in respect of the Stage 2 Subscription Shares on a non-premptive basis.
Further information in respect of Kavango and its business interests is provided on the Company’s website at www.kavangoresources.com and on X (formerly known as Twitter) at #KAV.
For further information please contact:
Kavango Resources plc
Ben Turney
+46 7697 406 06
First Equity (Broker)
+44 207 374 2212
Jason Robertson