REG - ALT Resources PLC - Transaction Update and Fundraising

Alt ResourcesAnnouncement

23/04/2026 07:00

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RNS Number : 5573B  ALT Resources PLC  23 April 2026

This announcement contains inside information as stipulated under the UK
version of the Market Abuse Regulation No 596/2014 which is part of English
law by virtue of the European (Withdrawal) Act 2018, as amended. On
publication of this announcement via a Regulatory Information Service, this
information is considered to be in the public domain.

23 April 2026

ALT Resources PLC

("ALTR" or the "Company")

 

Transaction Update and Fundraising

 

ALT Resources PLC, a company formed to pursue value-accretive opportunities in
the mining, precious metals, and critical minerals sectors, is pleased to
announce meaningful progress has been made to advance the proposed
transactions with Tartana Minerals Ltd ("Proposed Transaction") since its
prior announcement on 18 November 2025. ALTR is working with its professional
advisers to complete the necessary due diligence on the Proposed Transaction
and will provide a further update to shareholders in due course.

The Proposed Transaction will, if completed, constitute a Reverse Takeover
under the FCA's Listing Rules since it will, amongst other things, result in a
fundamental change in the business of the Company.

As previously announced, ALTR is in discussions with prospective investors to
raise the necessary capital (the "Proposed Fundraising") to consummate the
Proposed Transaction and facilitate the Company's proposed admission to
trading on AIM ("Admission"). In connection with the Proposed Fundraising, the
Company is pleased to announce that it has received commitments for £208,750
in advance of its planned Admission.

These commitments comprise:

1)   committed subscriptions of £100,000 to support Admission; and

 

2)   the issue of £108,750 unsecured convertible loan notes ("CLNs") to
certain investors ("CLN holders"). The CLNs shall be convertible into shares
in the capital of the Company, calculated by dividing the nominal value of the
CLNs by the price per share of the Company placed with new investors as part
of the Admission process. If Admission has not occurred by 4 February 2027,
the CLNs will need to be redeemed at their nominal value.

For further information:

www.altresources.co.uk.com

ALT Resources

Prad Mazumder

Paris Christofides

Joint-CEOs
            +44 207 193 2376 / stacey@altresources.co.uk

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