REG - Amigo Holdings PLC - Letter from Craig Ransley, Executive Chair

Amigo ResourcesAnnouncement

26/02/2026 09:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260226:nRSZ5350Ua&default-theme=true

RNS Number : 5350U  Amigo Holdings PLC  26 February 2026

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

FOR IMMEDIATE
RELEASE
26 February 2026

 

 

Amigo Holdings PLC

("Amigo" "PLC" or the "Company")

 

Letter from Craig Ransley, Executive Chair

 

Dear Shareholders,

Monday, 2 March 2026, marks the first Annual General Meeting (AGM) since I
joined the Board. I am writing to provide an update on our strategic shift
toward mining exploration and to explain my physical absence from the AGM.

While I will not attend the meeting in person, I remain at the centre of our
mining activity to ensure we secure the best possible results for Amigo.

Strategic Focus: Mining over Overheads

As outlined in our announcement on 23 February 2026, my primary mandate is to
maximise shareholder value through tangible asset growth. To achieve this, we
are rigorously prioritising capital allocation toward mining exploration and
operations rather than administrative overheads. We are focusing our resources
"on the ground" where we believe real value is created.

Building a Digital-First Mining Operation

Amigo has a distinct advantage over established major players: we operate
without the burden of legacy analogue systems, allowing us to build a
digital-first mining business from the outset.

·       Advanced Exploration: We leverage cutting-edge technology to
de-risk our exploration, including:

•    Hyperspectral Satellite Imaging to pinpoint mineral potential,
allowing us to focus our resources on the most promising targets.

•    Micro-Seismic Mapping to identify tiny natural vibrations in the
ground, mapping hidden cracks, faults, and structures deep underground that
could host gold.

By utilising these advanced technologies, we can de-risk exploration from the
outset and significantly increase our discovery accuracy. This targeted
approach ensures that capital is rigorously prioritised for high-potential
targets "on the ground," where tangible asset growth and shareholder value are
created.

·       Automation: We are committed to automating as much of the
extraction process as possible. As announced on 25 February 2026, we are
collaborating with Magnus Labs LLC to develop humanoid miners, which are
designed to reduce human risk and increase production efficiency.

·       AI and Machine Learning: Where full automation is not yet
feasible, we will use these tools to optimise our decision-making and
operations.

Operational Activity

In line with this strategy, I am currently at the centre of our regional
activity, personally overseeing the development of the Mojimoto Gold Project.
This region presents significant potential for Amigo's mining activities. My
presence at this hub is required to discuss terms, oversee technical
assessments, and meet with national decision-makers. I believe this hands-on
approach is essential to securing the Company's position while avoiding
unnecessary costs.

AGM Attendance and Governance

As a result of these critical operational requirements, I will not be able to
attend the AGM in person. This was not a decision I took lightly, but I
believe my time is best utilised securing these mining opportunities for the
benefit of all shareholders.

It is important to note that this AGM is primarily backward-looking. The
meeting will focus on approving the Annual Report and Accounts for the period
when Amigo was in wind-down, which was prior to my appointment to the Board.
Consequently, I have asked Jonathan Roe, Non-Executive Director and former
Chair, to chair the meeting. He is fully briefed on all matters and will
ensure the proceedings are conducted smoothly.

Future Outlook

My focus remains on delivering future results and building significant
shareholder value by executing our exploration strategy. I am committed to
strengthening the Company's foundation through tangible asset growth and
operational excellence. Amigo presents a significant opportunity, and I look
forward to announcing further developments regarding our progress shortly.

We remain committed to delivering results through action. Thank you for your
continued support as we execute this strategy.

Yours sincerely,

 

Craig Ransley

Executive Chair, Amigo Holdings PLC

 

Contacts:

 Amigo Holdings PLC  investors@amigo.me (mailto:investors@amigo.me)
 Craig Ransley       Executive Chair
 Nick Beal           Chief Executive

 Sponsor             Beaumont Cornish

                     0207 628 3396

This announcement contains inside information for the purposes of Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended). The person responsible for this announcement is Nicholas
Beal, Company Secretary.

About Amigo Holdings PLC

Amigo is a public limited company registered in England and Wales with
registered number 10024479. The Amigo Shares are listed on the Official List
of the London Stock Exchange.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRTFMPTMTATMFF



            Copyright 2019 Regulatory News Service, all rights reserved