Ireland's Arkle Resources H1 loss widens on share option charge
Ireland's Arkle Resources H1 loss widens on share option charge
Overview
Ireland energy metals explorer's H1 net loss widened to €947,000 on share option charge
Company completed acquisition of 85% of Namibia Uranium, expanding uranium exploration portfolio
Cash at 30 June 2026 was €1.07 mln, fully funding current exploration programmes
Outlook
Arkle says immediate focus is on assay results from Namibia drilling, expected within 20 days
Company says results will shape next phase of work on Erongo licences
Arkle says current exploration programmes are fully funded for the rest of 2026
Result Drivers
NAMIBIA ACQUISITION - Co completed acquisition of 85% of Namibia Uranium, adding four uranium prospecting licences and expanding exploration portfolio
EXPLORATION ACTIVITY - Phase 1 exploration in Namibia completed ahead of schedule, with airborne and ground geophysics, trenching, and drilling identifying uranium targets
SHARE OPTION CHARGE - Net loss included €455,000 non-cash share option charge following new grants to directors and management
Company press release: ID:nRSP9018Ua
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Net Loss |
| EUR 947,000 |
|
Analyst Coverage
Wall Street's median 12-month price target for Arkle Resources PLC is GBp1.79, about 165.2% above its September 15 closing price of GBp0.68
Reuters Recommended Reads
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Sept 16 - China's Trip.com posts Q2 net loss on anti-monopoly penalty
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)