Preliminary Results for Year Ended 31 Dec 2025
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596/2014 (AS AMENDED) AS IT FORMS PART OF THE DOMESTIC LAW OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED). UPON PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
23 June 2026
Arkle Resources PLC
("Arkle", the "Group" or the "Company")
Preliminary Results for the Year Ended 31 December 2025
Arkle Resources PLC (AIM: ARK), the energy metals explorer focused on uranium, is pleased to announce its preliminary results for the year ending 31 December 2025.
The Company expects to shortly publish its 2025 Annual Report & Accounts, and a further update will be made in this regard as and when appropriate.
For further information please visit http://www.arkleresources.com/ or contact:
Arkle Resources
Rory Harding, CEO
John Teeling, Chairman
+44 (0)20 3051 5348
+353 (0)1 833 2833
Strand Hanson Limited
Ritchie Balmer / Imogen Ellis
Nominated & Financial Adviser
+44 (0)20 7409 3494
H&P Advisory Limited
Andrew Chubb / Leif Powis
Joint Broker
+44 (0)20 7907 8500
First Equity Limited
Jason Robertson
Joint Broker
+44 (0)20 7374 2212
Vigo Consulting
Ben Simons / Seb Weller
UK Media & IR
+44 (0)20 7390 0234
arkle.ir@vigoconsulting.com
Teneo
Luke Hogg / Molly Mooney
Ireland Media
+353 (0)1 661 4055
About Arkle Resources
Arkle Resources PLC (AIM: ARK) is a multi-commodity exploration company focused on metals which are essential for the generation and storage of clean energy: uranium, lithium and zinc. Its projects are in tier-1 mining jurisdictions in Namibia, Botswana and Ireland, adjacent to world-class deposits.
Founded in 2004 by John Teeling and Jim Finn, the Company co-discovered the Stonepark zinc deposit in County Limerick, now Ireland's second largest undeveloped resource, in joint venture with Teck Ireland. Teck's interest was acquired by Group Eleven Resources (TSX-V: ZNG), who continue to advance the project alongside Arkle.
In January 2026, the Company announced a transformative deal to acquire Namibia Uranium Pty Ltd, which has introduced four highly prospective uranium licences contiguous to major producing and development assets in what is a world-class uranium jurisdiction. This acquisition, alongside the Company's existing licence portfolio and the introduction of new management, repositions Arkle to become a leading explorer in energy metals.
For more information visit: www.arkleresources.com
Follow us on social media:
www.linkedin.com/company/arkle-resources-plc
A copy of this announcement is available on the Company's website at: https://arkleresources.com.
CHAIRMAN'S STATEMENT
I am pleased to present the annual report and financial statements of Arkle Resources PLC for the year ended 31 December 2025. During 2025, Arkle continued its strategy as a gold, zinc and lithium explorer, working in Ireland and Botswana. Shortly after the year-end, in January 2026, we announced a transformational acquisition that repositions the Company as an energy metals explorer with uranium at its centre. Arkle now operates across three tier-one mining jurisdictions in Namibia, Botswana and Ireland.
The acquisition of four uranium licences in Namibia's Erongo Region, which completed shortly after the year end, is a logical next step in our journey, positioning Arkle to become one of London's premier uranium explorers at the beginning of a sustained global nuclear expansion cycle.
In 2025, we were active on several fronts. At Stonepark in County Limerick, where Arkle holds a 22.36% interest, our partner Group Eleven Resources (TSX.V: ZNG; OTCQB: GRLVF; FRA: 3GE) completed a four-hole drilling programme at the Carrickittle West prospect and delivered results that have identified two new priority targets - Kilteely and Bruff - the bulk of which sit on Stonepark ground. The geological indicators are very encouraging. The drilling encountered black matrix breccias similar to those that host mineralisation at Pallas Green and Lisheen, intense hydrothermal fluid pathways in dolomitised Waulsortian limestone, and the first appearance of sphalerite in the programme. All of this is unfolding six kilometres from Glencore's 45 million tonne Pallas Green deposit. Carrickittle West is considered one of the best drill targets in Ireland. I look forward to further drilling in 2026, with a 2,700-metre phase currently underway as part of an expanded programme of approximately 15,500 metres.
In Botswana, we had an excellent year. In February 2025, our sampling programme confirmed lithium in every one of the 20 samples tested from the Makgadikgadi Salt Pans. Eight of those samples exceeded 1% magnesium, which is seriously interesting in the context of Direct Lithium Extraction technology, where it is now possible to extract 100% of the magnesium from brines as a valuable co-product. In July 2025, we were awarded a third prospecting licence covering 775 square kilometres, more than doubling our total licence area to 1,612 square kilometres. Remember, this is one of the world's largest salt pan systems and there is very little known about its potential for lithium brines. Geophysical surveys in the fourth quarter extended the confirmed brine system across all three licences. The Environmental Impact Assessment is advancing, and we expect to begin drilling in 2026 to assess lithium brine concentrations at depth.
The single most important development of the year was the Board's decision to pursue uranium in Namibia. We believe the beginning of a sustained global nuclear expansion cycle is underway. Governments worldwide are recognising that nuclear power is essential to meeting both energy security and decarbonisation goals. Supply remains constrained and demand is growing. Arkle's strategy was cemented in January 2026 with the acquisition of an 85% interest in Namibia Uranium Pty Ltd, which holds four exploration licences in the Erongo Region contiguous to Rössing, Trekkopje and Marenica - some of the world's largest uranium deposits. A sampling programme conducted by the vendor during 2025 returned uranium grades of up to 3,855 parts per million. Arkle's acquisition was supported with a significantly oversubscribed £1.7 million placing to fund exploration, and I am delighted to report that activity commenced on the ground within weeks. The geophysical surveys have already been completed and in May, the Company announced that interpretation of the geophysical data had defined multiple high-priority drill targets of two distinct mineralisation styles, and that the drilling programme had been accelerated, with approximately 4,000 metres of RC drilling now planned across both paleochannel and uraniferous leucogranite targets commencing in the coming weeks.
Transformation also requires appraisal of what is not a priority for exploration expenditure. At Mine River in County Wicklow, despite some tantalising results including visible gold, we were unable to prove the continuity necessary to reach commerciality. After a serious review of the project's potential, the four licences were not renewed. In Donegal, the target vein at Meeneragh was found in all four drill holes and we know there is gold there, but the Board has concluded that shareholders' capital is better deployed in advancing the energy metals portfolio. We are reviewing options for the Donegal licence which may include joint venture, partnership or divestment. At Aughrim in Wicklow, our earlier sampling identified anomalous lithium, tin, tungsten and beryllium, and we are now assessing those licences potentially as a tungsten prospect, driven by growing global demand for the metal in defence and energy-transition applications.
We have strengthened the team significantly. Alongside the uranium acquisition, in January 2026, we welcomed Rory Harding as Interim Chief Executive Officer - now Chief Executive Officer. Rory is an emerging markets specialist and adviser to London merchant bank Strand Hanson, with a background in oil trading and extensive operational experience in Africa, including in Namibia. He is the co-founder and asset originator of multiple publicly listed mining companies, most recently Electrum Discovery Corp (TSX-V: ELY). Robin Birchall also joined as a Non-Executive Director, bringing over 25 years' experience in financing resource companies, including former roles as Chairman of Evolution Energy Minerals (ASX: EV1), CEO of Giyani Metals Corp (TSXV: EMM) and Non-Executive Director of Helium One Global (LSE: HE1). He is currently CEO of Serval Resources plc (AIM: SRVL), an Africa-focused copper and future metals developer. Mark Burnett was also appointed as Strategic Adviser, with over 10 years' global investing and corporate finance experience in the extractive industries. Chris Healey, with over 50 years of mineral exploration experience, including senior roles at Cameco Corp (NYSE: CCJ), has joined as Chief Geologist. I am confident we have the right people in place to deliver on our ambitions.
We continue to run a lean operation. Our administrative costs remain tightly controlled and appropriate to the scale of our activities. The £500,000 placing in July 2025, which was priced at a 28% premium to market share price, followed by the oversubscribed £1.7 million placing in January 2026, reflect genuine investor appetite for the strategy we are pursuing. I participated personally in both placings, as did my fellow Director, David Cockbill. We have skin in the game.
I have been founding and building mining companies for over forty years. The portfolio we have now assembled - uranium in Namibia, lithium in Botswana, zinc in Limerick, and tungsten potential in Wicklow - offers shareholders diversified exposure to the metals that will power the energy transition and the expanding digital economy, all in tier-one mining jurisdictions. I want to thank our shareholders, both longstanding and new, for their continued support and trust. I also want to thank Jim Finn, who continues to manage the Company's finances with his customary diligence, and our geological and advisory teams across Ireland, Namibia and Botswana. The year ahead promises to be one of the most active in Arkle's history.
John Teeling
Executive Chairman
23 June 2026
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025
2025
€
2024
€
Administrative expenses
(225,244)
(271,223)
Impairment of exploration and evaluation assets
-
(1,769,948)
Loss from operations
(225,244)
(2,041,171)
Profit/(loss) due to fair value volatility of warrants
(273,248)
39,421
Loss before tax
(498,492)
(2,001,750)
Tax expense
-
-
Loss for the year
(498,492)
(2,001,750)
Total comprehensive income
(498,492)
(2,001,750)
Earnings per share attributable to the ordinary equity holders of the parent
cents
cents
Profit/(Loss) per share - Basic & Diluted
(0.08)
(0.43)
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
2025
€
2024
€
Assets
Non-current assets
Intangible assets
2,529,885
2,570,085
Current assets
Other receivables
4,228
357
Cash and cash equivalents
297,979
27,303
302,207
27,660
Total assets
2,832,092
2,597,745
Liabilities
Current liabilities
Trade and other liabilities
(400,661)
(478,464)
Warrants
(409,780)
(136,532)
Total liabilities
(810,441)
(614,996)
Net assets
2,021,651
1,982,749
Equity
Called-up Share capital - Deferred
992,337
992,337
Called-up Share capital - Ordinary
1,828,694
1,412,027
Share premium reserve
7,225,432
7,064,059
Share based payments reserve
115,848
156,494
Retained deficit
(8,140,660)
(7,642,168)
Total Equity
2,021,651
1,982,749
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025
Called up Share
Capital
Deferred
Called up Share
Capital Ordinary
Share
Premium
Share Based Payment
Reserve
Retained
Deficit
Total
€
€
€
€
€
€
At 1 January 2024
992,337
1,142,027
7,015,119
156,494
(5,640,418)
3,665,559
Shares issued
-
270,000
48,940
-
-
318,940
Loss for the year
-
-
-
-
(2,001,750)
(2,001,750)
At 31 December 2024
992,337
1,412,027
7,064,059
156,494
(7,642,168)
1,982,749
Shares issued
-
416,667
161,373
-
-
578,040
Share options expired
-
-
-
(40,646)
-
(40,646)
Loss for the year
(498,492)
(498,492)
At 31 December 2025
992,337
1,828,694
7,225,432
115,848
(8,140,660)
2,021,651
CONSOLIDATED CASH FLOW STATEMENT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025
2025
€
2024
€
Cash flows from operating activities
Loss for the year
(498,492)
(2,001,750)
Adjustments for
Impairment
-
1,769,948
Share options expired
(40,646)
-
Fair Value movement of warrants
273,248
(39,421)
Foreign exchange
4,739
(1,071)
(261,151)
(272,294)
Movements in working capital:
(Increase)/Decrease in trade and other receivables
(3,871)
431
Increase in trade and other payables
25,936
138,439
Net cash used in operating activities
(239,086)
(133,424)
Cash flows from investing activities
Payments for exploration and evaluation
(63,539)
(250,366)
Net cash used in investing activities
(63,539)
(250,366)
Cash flows from financing activities
Proceeds from issue of equity shares
578,040
318,940
Share issue expenses
-
-
Net cash generated from financing activities
578,040
318,940
Net cash (decrease)/increase in cash and cash equivalents
275,415
(64,850)
Cash and cash equivalents at the beginning of year
27,303
91,082
Exchange gains on cash and cash equivalents
(4,739)
1,071
Cash and cash equivalents at the end of the year
297,979
27,303
Notes:
1. Accounting Policies
There were no changes in accounting policies from those used to prepare the Group's Annual Report for financial year ended 31 December 2024. The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union and in accordance with the Companies Act 2014.
2. Earnings per Share
Basic earnings per share is computed by dividing the loss after taxation for the year attributable to ordinary shareholders by the weighted average number of ordinary shares in issue and ranking for dividend during the year. Diluted earnings per share is computed by dividing the profit or loss after taxation for the year by the weighted average number of ordinary shares in issue, adjusted for the effect of all dilutive potential ordinary shares that were outstanding during the year.
The following table sets forth the computation for basic and diluted earnings per share (EPS):
2025
€
2024
€
Numerator
For basic and diluted EPS Loss after taxation
(498,492)
(2,001,750)
Denominator
No.
No.
For basic and diluted EPS
634,674,011
470,126,065
Basic EPS
(0.08c)
(0.43c)
Diluted EPS
(0.08c)
(0.43c)
Basic and diluted loss per share are the same as the effect of the outstanding share options and warrants is anti-dilutive.
3. Going Concern
The Group incurred a loss for the financial year of €498,492 (2024: €2,001,750) and had net current liabilities of €508,234 (2024: €587,336) at the statement of financial position date leading to concern about the Group's ability to continue as a going concern.
The Group had a cash balance of €297,979 (2024: €27,303) at the statement of financial position date.
The directors have prepared cashflow projections for a period of at least twelve months from the date of approval of these financial statements. As the Group and the Company are not revenue or cash generating they rely on raising capital from the public market. The cash flow projections prepared by the Group and Company indicate that there is sufficient funds to meet the obligations of the Group and Company for a period of at least twelve months from the date of approval of these financial statements. The directors are confident that additional capital can be raised as required. The Group raised £500,000 during the year from a placing and a further £1,700,000 from a placing and £403,000 from the exercise of warrants after the statement of financial position date.
As in previous years the Directors have given careful consideration to the appropriateness of the going concern basis in the preparation of the financial statements and believe the going concern basis is appropriate for these financial statements. The financial statements do not include any adjustment to the carrying amount, or classification of assets and liabilities, if the Company or Group was unable to continue as a going concern.
4. Intangible Assets
Group
Group
2025
€
2024
€
Exploration and evaluation assets:
Cost:
At 1 January
2,570,085
4,089,667
Additions
72,066
250,366
Costs re-imbursed
(8,527)
-
Impairment
-
(1,769,948)
Dilution
(103,739)
-
At 31 December
2,529,885
2,570,085
Carrying amount:
At 31 December
2,529,885
2,570,085
In 2007 Connemara Mining Company of Ireland Limited entered into an agreement with Teck Cominco which gave Teck Cominco the option to earn a 75% interest in a number of other licences held by the company. Teck Cominco had to spend CAD$3m to earn the interest. During 2012 the relevant licences were transferred to a new company, TILZ Minerals Limited.
On 13 September 2018 the company was informed that Group Eleven Resources Corp. a private company, had acquired the 76.56% interest held by Teck Ireland in TILZ Minerals. Limerick Zinc owned the remaining 23.44%.
The company's share of expenditure on the licences continues to be capitalised as an exploration and evaluation asset. The company is subject to cash calls from Group Eleven Resources Corp. in respect of the financing of the ongoing exploration and evaluation of these licences. In the event that these cash calls cannot be met their interest in TILZ Minerals Limited may be diluted accordingly.
On 15 January 2025 the company announced that it had decided not to finance its share of this drilling campaign from its cash resources. As a result, Arkle's interest in the Stonepark project is expected to reduce from 23.44% to 22.36%, with Group Eleven holding the remaining balance of 77.64%.
On 23 June 2022 the Company announced it had been granted three licences covering 163 hectres to prospect for Lithium in the Insiza District of the Matabeleland South Province of Zimbabwe. The Directors believe that these licences, which cover a small area, represent a low-cost entry into one of the largest lithium producing countries in the world. In April 2025 a potential partner re-imbursed US$10,000 (€8,527) for costs incurred on the licences.
On 15 December 2023 the Company announced that it has been awarded two exploration licences in the Makgadikgadi Salt Pans in North-Eastern Botswana. The licences, PL 075/2023 and PL 0148/2023, cover 312 and 525 sq kilometres respectively in size. The licences are awarded to prospect for lithium in the Salt Pans.
On 9 July 2025 the Company announced that it has been awarded a prospecting licence in the Makgadikgadi Salt Pans in Northeastern Botswana. The licence PL 0238/2025 covers 775sq km and is adjacent to the Company's two existing licences covering 837sq km.
The realisation of the intangible assets is dependent on the discovery and successful development of economic reserves which is subject to a number of risks as outlined below. Should this prove unsuccessful the carrying value included in the statement of financial position would be written off to the statement of comprehensive income.
- uncertainties over development and operational risks;
- compliance with licence obligations;
-ability to raise finance to develop assets;
- liquidity risks; and
- going concern risks.
The directors are aware that by its nature there is an inherent uncertainty in such exploration and evaluation expenditure as to the value of the asset. Having reviewed the carrying value of exploration and evaluation of assets at 31 December 2025 the directors are satisfied that the value of the intangible asset is not less than carrying value.
Segmental Analysis
Group
Group
2025
€
2024
€
Limerick
1,728,416
1,802,378
Rest of Ireland
680,448
671,731
Zimbabwe
29,789
32,058
Botswana
91,232
63,918
2,529,885
2,570,085
5. Trade payables
Group
Group
2025
€
2024
€
Current assets:
Trade and other payables
27,161
155,964
Accruals
373,500
322,500
400,661
478,464
It is the Group's normal practice to agree terms of transactions, including payment terms, with suppliers and provided suppliers perform in accordance with the agreed terms, it is the Group's policy that payment is made between 30 - 45 days. Included in accruals are amounts due for directors' remuneration of €352,500 (2024: €307,500) accrued but not paid at year end.
The carrying value of trade and other payables approximates to their fair value.
6. Share Capital and Share Premium
2025
€
2024
€
Authorised
2,000,000,000 Ordinary shares of €0.0025 each
5,000,000
5,000,000
500,000,000 Deferred shares of €0.0075 each
3,750,000
3,750,000
8,750,000
8,750,000
Deferred Shares - nominal value of €0.0075
Number
Share Capital
€
Share Premium
€
At 1 January 2024 and 2025
132,311,591
992,337
-
At 31 December 2024 and 2025
132,311,591
992,337
-
Ordinary Shares - nominal value of €0.0025
Allotted, called-up and fully paid:
Number
Share Capital
Share Premium
€
€
At 1 January 2024
456,810,997
1,142,027
7,015,119
Issued during the year
108,000,000
270,000
48,940
At 31 December 2024
564,810,997
1,412,027
7,064,059
Issued during the year
166,666,667
416,667
161,373
At 31 December 2025
731,477,664
1,828,694
7,225,432
Deferred share capital
The deferred share reserve comprises of the value of the deferred shares that arose when the company divided the ordinary shares via special resolution on 22 April 2020 the shares into 500,000,000 deferred shares of 0.75 cent each and 500,000,000 ordinary shares of 0.25 cent each.
Called up ordinary share capital
The called up ordinary share capital reserve comprises of the nominal value of the issued share capital of the company.
Share premium
The share premium reserve comprises of a premium arising on the issue of shares. Share issue expenses are deducted against the share premium reserve when incurred.
Movement in shares
On 30 July 2025, a total of 166,666,667 shares were issued at a price of 0.30p per share to provide additional working capital and fund development costs. For each share subscribed for, the investors also received one warrant to subscribe for an additional ordinary share at a price of 0.30p per share until 30 July 2027.
7. Share Based Payments
Equity-settled share-based payments are measured at fair value at the date of grant.
The Group plan provides for a grant price equal to the average quoted market price of the ordinary shares on the date of grant.
31 December 2025
31 December 2024
Options
Weighted average exercise price in pence
Options
Weighted average exercise price in pence
Outstanding at beginning of year
16,100,000
1.32
16,100,000
1.32
Granted during the year
-
-
-
Expired during the year
2,500,000
-
-
-
Outstanding at end of year
13,600,000
1.32
16,100,000
1.32
Exercisable at end of year
13,600,000
1.32
16,100,000
1.32
During the current year a total of 2,500,000 options with a fair value of €40,646 expired
The terms of the options granted do not contain any market conditions within the meaning of IFRS 2.
8. Warrants
31 December 2025
31 December2024
NUMBER
Number of Warrants
Weighted average exercise price in pence
Number of Warrants
Weighted average exercise price in pence
Outstanding at beginning of year
169,428,571
0.35
111,428,571
0.42
Granted during the year
166,666,667
0.30
108,000,000
0.35
Expired during the year
(61,428,571)
0.35
(50,000,000)
0.50
Exercised during the year
-
-
-
Outstanding and exercisable at the end of the year
274,666,667
0.31
169,428,571
0.35
2025
€
2024
€
FAIR VALUE
At 1 January
136,532
175,953
FV of warrants issued during the year at grant date
298,943
106,641
FV of warrants expired during the year
(25,836)
(1,465)
Movement in fair value
141
(144,597)
At 31 December
409,780
136,532
2025
€
2024
€
Profit/(Loss) due to Fair Value Volatility of Warrants
Fair Value movements warrants b/fwd
(141)
144,597
Fair Value of warrants expired
25,836
1,465
Fair Value new warrants granted
(298,943)
(106,641)
Movement for the year
(273,248)
39,421
On 23 November 2025, a total of 61,428,571 warrants with an exercise price of 0.35p per warrant expired and the fair value of €25,836 was expensed to the Consolidated Statement of Comprehensive Income. The fair value was calculated using the Black-Scholes valuation model.
On 30 July 2025, a total of 166,666,667 warrants with an exercise price of 0.30p per warrant were granted as part of the placing. The fair value of €298,943 was expensed to the Consolidated Statement of Comprehensive Income. The fair value was calculated using the Black-Scholes valuation model.
The inputs into the Black-Scholes valuation model were as follows:
Grant 30 July 2025
Weighted average share price at date of grant (in pence)
0.30p
Weighted average exercise price (in pence)
0.30p
Expected volatility
95.07%
Expected life
2 years
Interest rate
3.75%
Expected dividends
none
Expected volatility was determined by management based on their cumulative experience of the movement in share prices.
The terms of the warrants granted do not contain any market conditions within the meaning of IFRS 2.
9. Post Balance Sheet Events
The significant post balance sheet events are detailed below:
Acquisition of Namibia Uranium Pty Ltd, Placing to raise £1.7 million and Appointment of New Directors
On 29 January 2026 the Company announced the acquisition of an 85% interest in Namibia Uranium Pty Ltd for a total consideration of £2,032,000, payable through a combination of cash and new ordinary shares
Namibia Uranium holds four Exclusive Prospecting Licences ("EPLs") in the Erongo Region of Namibia · EPLs are adjacent to three major uranium deposits, Trekkopje, Marenica and Rossing
The Consideration for the Acquisition was satisfied by the issue of a total of 305,000,000 new Ordinary Shares (the "Consideration Shares") and a total cash consideration of £812,000 payable as follows: £375,000 payable on completion of the transaction
£242,000 payable on or before 31 December 2026
£195,000 payable on or before 31 December 2027
The Consideration Shares are subject to a lock-in from admission to trading on AIM with 50% of the Consideration Shares subject to a lock-in of 12 months and 50% of the Consideration Shares subject to a lock-in of 18 months.
Company has also issued 7,500,000 Ordinary Shares ("Adviser Shares") to an adviser in connection with the transaction.
The Company completed a placing and subscription to raise £1,700,000 through the issue of 425,000,000 ordinary shares of at price of 0.4p per ordinary share.
The Board has appointed Rory Harding as Interim-CEO and Robin Birchall as Non-executive director
Exercise of Warrants
During the first quarter of 2026, the Company announced that, pursuant to the receipt of warrant conversion notices, it had raised £178,300 from the issue of 52,133,333 shares of €0.0025 each.
Grant of Share Options
On 2 April 2026 the Company announced the grant of share options over 130,000,000 Ordinary Shares to certain key employees, advisers, consultants and directors, with an exercise price of 0.95 pence, approximately a 65% premium to the Company's closing share price on 1 April 2026, (the "Options"), to incentivise long-term growth reflected in the Company's valuation. The Options vest immediately and are valid for a period of five years. The vesting criteria requires the recipient to remain engaged by the Company at the time of exercise. These new Options replace all options previously held by directors and management which have been cancelled.
Schedule of Director/Consultant Options
Director
Position
No. Options Granted
John Teeling
Executive Chairman
10,000,000
Rory Harding
Director, Interim CEO
45,000,000
James Finn
Financial Director & Co. Secretary
10,000,000
David Cockbill
Non-Executive Director
15,000,000
Robin Birchall
Non-Executive Director
10,000,000
Mark Burnett
Strategic Adviser & Board Observer
20,000,000
Chris Healey
Chief Geologist
5,000,000
Aron Haludilu
Country Manager, Namibia
10,000,000
TOTAL
125,000,000
The remaining 5,000,000 Options are being awarded to a consultant on the same terms as described above.
On 12 May 2026, the Company announced that, pursuant to the receipt of warrant conversion notices, it had raised £224,700 from the issue of 64,200,000 shares of €0.0025 each.
10. Annual General Meeting
The Company's Annual General Meeting of Arkle Resources plc will be held on 23 July 2026 at the Teeling Whiskey Distillery, 13-17 Newmarket, Dublin 8, D08 KD91 at 12.00pm.
General Information
The financial information set out above does not constitute the Company's financial statements for the year ended 31 December 2025. The financial information for 2024 is derived from the financial statements for 2024 which have been delivered to the Companies Registration Office. The auditors have reported on 2024 statements; their report was unqualified. The financial statements for 2025 will be delivered to the Companies Registration Office.
A copy of the Company's Annual Report and Accounts for 2025 will be mailed to all shareholders shortly and will also be available for collection from the Company's registered office, 162 Clontarf Road, Dublin 3, Ireland. The annual report will shortly be available for viewing at Arkle's website at www.arkleresources.com
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