REG - Gunsynd PLC - Investee Company update – Richmond Hill Resources

GunsyndAnnouncement

09/07/2025 14:45

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RNS Number : 4123Q  Gunsynd PLC  09 July 2025

Gunsynd Plc

("Gunsynd" or the "Company")

Investee Company update - Richmond Hill Resources

Gunsynd (AIM: GUN), an investing company, notes the announcement made by
Richmond Hill Resources PLC ("Richmond Hill") (AQSE: SHNJ).

"Richmond Hill (AQSE: SHNJ), announces that further to the announcement on
April 10, 2025, it has modified the binding term sheet with Three Mile Beach
Ltd ("Three Mile") with respect to the acquisition by the Company of the legal
and beneficial interest of certain mineral exploration licences in Quebec
("Proposed Transaction") and admission to AIM.  The long stop date has been
changed from June 30, 2025 to October 15, 2025."

Comment from Richmond Hill, "It is unfortunate that the reverse takeover has
been held up by an administrative delay in Quebec and it is now likely that
admission to AIM will occur in early to mid-September. However, on a
fortuitous note, since Richmond Hill entered into the transaction, a number of
very positive things have happened, including the receding threat of USA
tariffs on China, the copper price appreciating significantly and last but not
least, the return of a semblance of liquidity to UK junior markets."

At 30 June 2025, Gunsynd had loans outstanding (including interest) of
£144,259 and holds 3,590,594 ordinary shares representing approximately 3.43%
of the issued share capital of Richmond Hill.

Peter Ruse, Director of Gunsynd, commented: We are encouraged by the material
3.43% stake held in a new Copper transaction amongst a backdrop of copper
prices soaring to record highs in the wake of President Donald Trump
threatening 50% tariffs on imports of the metal. This price rally has also
been attributed to a significant reduction in LME copper inventories, which
have fallen by approximately 65% year-to-date. Traders have been redirecting
copper shipments to the US in anticipation of potential Section 232 tariffs,
leading to a sharp backwardation in the market. Copper is a critical element
in electric vehicles, the power grid, military hardware and many consumer
goods. The metal climbed as much as 17% during 8 July 2025 trading sessions,
reaching highs of approximately $5.70/lb.

Post completion of the transaction, Richmond Hill will own the Saint Sophie
Copper Project in Quebec, Canada. The project covers 87 square kilometres and
is located in the Beauce region of Quebec, 60 km south of The Becancour
Battery Park and 150 km North-East of Montreal. The project is comprised of
multiple worked indices and historic mines of high-grade native copper, hosted
in sedimentary rock and epithermal vein systems, with 146 claims spanning 87
square kilometres. The project hosts more than 14 worked indices and historic
mines with copper grades over 55% Cu. Highest copper grades from drilling and
indices:  include 1.25t of ore @32% Cu, trench containing 42% cu and grab
sample at 55% Cu.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
Company's ability to execute and implement future plans, and the occurrence of
unexpected events.  Actual results achieved may vary from the information
provided herein as a result of numerous known and unknown risks and
uncertainties and other factors.

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

For further information, please contact:

 Gunsynd plc                     +44 (0) 78 7958 4153

 Hamish Harris/ Peter Ruse

 Cairn Financial Advisers LLP    +44 20 7213 0880

  Liam Murray / James Western

 Peterhouse Capital Limited      +44 20 7469 0936

 Lucy Williams

 

 

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