REG - ECR Minerals PLC - Appointment of Bitcoin & Digital Asset Consultant

ECR MineralsAnnouncement

22/08/2025 11:00

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RNS Number : 4517W  ECR Minerals PLC  22 August 2025

 

 

22 August 2025

 

ECR MINERALS PLC

 

("ECR Minerals", "ECR" or the "Company")

 

Appointment of Specialist Bitcoin and Digital Asset Consultant

 

ECR Minerals plc (LON: ECR), the exploration and development company focused
on gold in Australia, is pleased to announce the appointment of Perry Hothi as
a specialist consultant adviser to its board of directors (the "Board" or the
"Directors"). This appointment follows the adoption by the Company of a
Bitcoin and Digital Asset Treasury Management Policy (the "BTC Policy" or the
"Policy"), as announced on 7 August 2025.

 

Perry Hothi is a seasoned technology executive with experience in Bitcoin
mining operations, hardware development and large-scale infrastructure
optimisation. Over his career, he has served as Chief Technology Officer for
Argo Blockchain, leading the technical strategy of that company, where he was
involved in maximising mining efficiency through innovative hardware-software
integration, operational streamlining, and advanced power-usage optimisation.

 

He currently works as a blockchain solutions architect for a US point-of-sale
solutions provider, where he has contributed to the design and deployment of
next-generation Bitcoin mining hardware, energy-management systems and
open-source mining solutions aimed at empowering both individuals and
enterprises. He has more than a decade of hands-on experience in the Bitcoin
mining sector.

 

Alongside other specialists that ECR has already engaged, Perry will work with
the Board on the future implementation of the BTC Policy.

 

Nick Tulloch, ECR's Chairman, said: "I am delighted to welcome Perry to the
ECR team.  Amid ongoing interest in the digital currency sector, we have been
determined from the start to create a Policy that can deliver long term value
to our shareholders.  As set out in our announcement of 7 August 2025, ECR's
strategy under its BTC Policy is centred on integrating our ambitions to
become a physical gold producer - which itself is currently centred on our
plans for commercial mining at our Blue Mountain Gold Project in Queensland -
with financial technology, as a strategy to complement our core business.
The future implementation of our BTC Policy will require specialist advice and
we have been assembling advisers for this.  I will look forward to updating
investors as our plans take shape."

 

Further details of the Company's BTC Policy and the risks associated with the
Policy can be found in the Company's announcement made on 7 August 2025. The
full Policy is available on the Company's investor relations website at:
https://ecrminerals.com/investors/aim-rule-26/
(https://ecrminerals.com/investors/aim-rule-26/) .

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 ECR Minerals Plc                                                                                                                                                                                                                                   Tel: +44 (0) 20 8080 8176
 Nick Tulloch, Chairman                                                                                                                                                                                                                             info@ecrminerals.com (mailto:info@ecrminerals.com)

 Andrew Scott, Director

 Website: www.ecrminerals.com
 (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ecrminerals.com%2F&esheet=51817334&newsitemid=20180605005810&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=820ad49dc1fc2c84a0538453c017bc1b)

 Allenby Capital Limited                                                                                                                                                                                                                            Tel: +44 (0) 3328 5656
 Nominated Adviser                                                                                                                                                                                                                                  info@allenbycapital.com (mailto:info@allenbycapital.com)

 Nick Naylor / Alex Brearley / Vivek Bhardwaj

 Axis Capital Markets Limited                                                                                                                                                                                                                       Tel: +44 (0) 203 026 0320
 Broker
 Lewis Jones

 SI Capital Ltd                                                                                                                                                                                                                                     Tel: +44 (0) 1483 413500
 Broker
 Nick Emerson

 Brand Communications                                                                                                                                                                                                                               Tel: +44 (0) 7976 431608
 Public & Investor Relations
 Alan Green

 

ABOUT ECR MINERALS PLC

 

ECR Minerals is a mineral exploration and development company. ECR's wholly
owned Australian subsidiary ECR Minerals (Australia) Pty Ltd ("ECR Australia")
has 100% ownership of the Bailieston and Creswick gold projects in central
Victoria, Australia, has six licence applications outstanding which includes
one licence application lodged in eastern Victoria (Tambo gold project).

 

ECR also owns 100% of an Australian subsidiary ECR Minerals (Queensland) Pty
Ltd which has three approved exploration permits covering 946 km(2) over a
relatively unexplored area in Lolworth Range, Queensland, Australia. The
Company has also submitted a license application at Kondaparinga which is
approximately 120km(2) in area and located within the Hodgkinson Gold
Province, 80km NW of Mareeba, North Queensland.

 

Following the sale of the Avoca, Moormbool and Timor gold projects in
Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the
subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd
(TSX-V: LVX), MGA has the right to receive up to A$2 million in payments
subject to future resource estimation or production from projects sold to
Fosterville South Exploration Limited.

 

ECR Australia also has approximately A$75 million of unutilised tax losses
incurred during previous operations.

Risks associated with the Company's BTC Policy:

 

While the Board recognises that the acquisition of digital assets, including
Bitcoin ("BTC"), may provide benefits, it also acknowledges the inherent risks
associated with such assets. Digital assets, including BTC, are highly
volatile as well as speculative in nature and are subject to significant price
fluctuations. In addition, it should be noted that a growing number of
publicly traded companies have adopted digital asset focused treasury
strategies, and this has sometimes resulted in significant volatility in their
share price and a dislocation between their market capitalisation and the
underlying value of their assets. Consequently, exposure to digital assets
such as BTC may, in turn, amongst other matters, compound and increase the
volatility of the Company's share price.

 

To mitigate these risks, the Company intends to allocate no more than 50 per
cent. of its free cash flow from gold production operations(1) and surplus
cash(2) held by the Company towards principally the acquisition and holding of
BTC, the most liquid digital asset, into treasury.

 

The Board also acknowledges that the regulatory environment for digital assets
remains uncertain and subject to change. This may impact the Company's ability
to hold or transact in digital assets, including BTC. There are also risks
associated with custody, security, and the accounting treatment of digital
assets, any of which may have a material adverse effect on the Company's
operations and investor returns.

 

The Company confirms that the implementation of the Policy does not alter its
status under UK financial services law, including the Alterative Investment
Fund Managers Regulations 2013.  The Policy is a treasury management
initiative only and does not constitute a collective investment undertaking or
alternative investment fund. Similarly, the Policy represents a financial
strategy decision and does not alter, the Company's core business operations
as an exploration and development company focused on gold in Australia. The
adoption of the Policy is not intended to result in the Company becoming or
being seen as an investing company.

 

(1) after operating costs, capital expenditure and short-term working capital
requirements; and

(2) taking into account forthcoming capital expenditure and operating costs
as well as a benchmark of maintaining 12 months' of working capital.

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