REG - Alba Mineral Resrcs. - Share Placing

Alba Mineral ResourcesAnnouncement

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RNS Number : 8809U  Alba Mineral Resources PLC  02 March 2026

Alba Mineral Resources Plc / EPIC: ALBA / Market: AIM / Sector: Mining

2 March 2026

Alba Mineral Resources Plc

("Alba" or the "Company") 

 

Share Placing to raise £800k

Alba Mineral Resources plc (AIM: ALBA), the gold and critical raw materials
focused exploration and development company, announces that it has raised
£800,000 (before costs) in a share placing.

Details

The Company has raised £800,000 (before expenses) in a share placing
involving the issue of 4,000,000,000 new ordinary shares at a price of 0.02
pence per ordinary share (the "Issue Price") (the "Placing"), conditional on
the admission of such new ordinary shares to trading on AIM. The placing price
represents a discount of 20% to the last closing bid price of the Company's
shares on 27 February 2026. CMC Markets UK Plc, trading as CMC CapX ("CMC
Markets"), acted as the Company's sole placing agent in respect of the
Placing.

The proceeds from the Placing are intended to be used to continue the
Company's activities across its projects, including some or all of the
following value-enhancing work activities:

1/ Clogau Gold Mine (Wales)

-    Complete drilling and blasting of ca. 20m bulk sampling programme at
priority Llechfraith target.

-    Complete processing of ca. 300 tonnes of ore from that programme.

-    Upgrade process plant to handle greater production rates.

-    Continue to develop and market new Welsh gold products.

2/ Motzfeldt Critical Metals Project (south Greenland)

-    Updated Mineral Resource / Scoping Study work.

-    Continuation of metallurgical processing programme.

-    Preparations for summer field programme to advance Merino prospect
(e.g. hyperspectral survey), planning for Phase 2 drilling programme at Aries
deposit.

3/ Finnsbo Gold-Copper-Rare Earth Project (Sweden)

-    Completing assay programme on drill core from Nov 2025 drill programme
to determine continuity of exceptionally high-grade mineralisation found at
surface.

4/ General working capital requirements.

Application will be made for the placing shares to be admitted to trading on
AIM ("Admission"). It is expected that Admission of the new ordinary shares
will become effective at 8.00 a.m. on or around 6 March 2026. The new ordinary
shares will be issued credited as fully paid and will rank in full for all
dividends and other distributions declared, made or paid after Admission and
will otherwise rank on Admission pari passu in all respects with the
existing ordinary shares.

Total Voting Rights

 

Following Admission of both the placing shares and the Alba consideration
shares, the total number of ordinary shares in issue will be 23,835,050,231.
The Company does not hold any ordinary shares in treasury. Therefore, the
total number of ordinary shares with voting rights will be 23,835,050,231.
This figure may be used by shareholders in the Company 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 share capital of the
Company under the Financial Conduct Authority's Disclosure 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.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market, financial and business conditions, competition
for and availability of qualified staff and contractors, regulatory processes
and actions, technical issues, new legislation, uncertainties resulting from
potential delays or changes in plans, uncertainties resulting from working in
a new political jurisdiction, uncertainties regarding the results of
exploration, uncertainties regarding the timing and granting of prospecting
rights, uncertainties regarding the timing and granting of regulatory and
other third party consents and approvals, uncertainties regarding the
Company's or any third party's ability to finance, execute and implement
future plans and programmes, and the occurrence of unexpected events. Actual
results achieved may vary from the information provided herein as a result of
numerous known and unknown risks and uncertainties and other factors.

**ENDS**

Engage with Alba by asking questions, watching video summaries and reading
what other shareholders have to say. Navigate to our interactive Investor Hub
here:

https://albamineralresources.com/link/rJn2pr
(https://albamineralresources.com/link/rJn2pr)

 

For further information, please visit the Alba Mineral Resources plc investor
website (www.albamineralresources.com (http://www.albamineralresources.com) )
and sign up to receive news and engage with the Alba management team.
Subscribe to our news alert service
(https://alba-l.investorhub.com/auth/signup
(https://alba-l.investorhub.com/auth/signup) ) and visit @AlbaMinerals on X
(formerly Twitter).

 

 Alba Mineral Resources plc                 +44 20 3950 0725

 George Frangeskides, Executive Chairman
 SPARK Advisory Partners Limited (Nomad)    +44 20 3368 3555

 Andrew Emmott
 CMC Markets plc (Broker)                   +44 20 3003 8632

 Thomas Smith / Douglas Crippen

 

 Alba's Projects & Investments

 Projects Operated by Alba                                          Location   Ownership
 Clogau (gold)                                                      Wales      100%
 Dolgellau Gold Exploration (gold)                                  Wales      100%
 Gwynfynydd (gold)                                                  Wales      100%
 Investments Held by Alba                                           Location   Ownership
 GreenRoc Strategic Materials Plc (graphite - anode)                Greenland  25.04%
 Elemental Rare Metals Limited (Motzfeldt Critical Metals Project)  Greenland  25.5%
 Horse Hill (oil)                                                   England    11.765%
 Earn-in Projects                                                   Location   Earn-in Rights
   Finnsbo (rare earths, copper, gold)                              Sweden     Up to 100%

 

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