REG - Imara Gold PLC - Exclusivity Agreement with Volts Velocity LLC FZ

IMARA GoldAnnouncement

20/11/2025 14:45

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RNS Number : 4160I  Imara Gold PLC  20 November 2025

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE
REGULATION(EU) NO. 596/2014, AS AMENDED WHICH, BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018, FORMS PART OF UK LAW. ON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

Imara Gold Plc

("Imara Gold" or the "Company")

 

Exclusivity Agreement on Zambia Gold-Copper Licenses

 

Imara Gold Plc (LSE: IGLD), the East African focused gold company, is pleased
to announce that is has entered into an exclusivity agreement with Dubai-based
investment group, Volts Velocity LLC FZ ("VVL"), in respect to rights over
majority interests in four exploration licenses ("Licenses") located in the
Republic of Zambia.

 

Under the terms of the exclusivity agreement, Imara Gold has been granted
exclusivity ending 28 February 2026, during which period it will conduct
legal, technical and financial due diligence, including site visits and
preliminary exploration work on the Licenses.

 

Imara Gold will, upon completion of satisfactory due diligence, have the
exclusive right to negotiate and agree final commercial terms in respect to
either the outright acquisition of VVL's rights to acquire an 80% interest in
the Licenses or form a potential exploration and mine development
joint venture with VVL and the local 20% shareholders on the Licenses.

 

The Licenses, which extend over a combined area of approximately 253km(2)
are considered highly prospective for gold, copper and other minerals and
include two large scale exploration licenses 39658-HQ-LEL and 39656-HQ-SEL and
two small scale exploration licenses 39772-HQ-SEL and 38427-HQ-SEL.

 

Whilst Zambia's mining sector is dominated by its copper sector, gold
production in Zambia has been rising steadily and is becoming an increasingly
vibrant part of the national economy and offering strong potential for growth
and diversification. Zambia's rich and diverse geology continues to attract
exploration and mine development companies and major investment from the
international mining sector. With supportive policies, strong global gold
prices and a clear commitment to responsible mining, the Board believes that
Zambia's gold industry is positioned for continued positive growth and by
entering into this exclusivity agreement, it provides the opportunity for the
Company to start to build a presence in the sector.

 

Fee Shares and Total Voting Rights:

 

In consideration of the exclusivity agreement, the Company has agreed to issue
VVL with ordinary shares to the value of GBP 50,000 at a price of 0.3 pence
per share as a fee for entering into the agreement (the "Fee Shares"). The Fee
Shares will be freely tradable, not subject to any trading restrictions or
lock-in provisions and free of any encumbrances.

 

The Fee Shares, when issued, will be fully paid and will rank pari passu in
all respects with the existing ordinary shares, including the right to receive
all dividends and other distributions declared, made or paid after the date of
issue.

 

Further to the announcement dated 1 August 2025 in relation to the Exclusivity
Agreement with Pumba Resources Limited, the Company has also issued 16,666,667
ordinary shares ("Exclusivity Shares").

 

Following issuance of the Fee Shares and the Exclusivity Shares, the total
number of ordinary shares with voting rights in issue in the Company will be
2,663,245,258.

 

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

This agreement is considered a key part of the Company's strategy of
positioning Imara Gold as one of the leading East African gold-focused mining
and exploration company.

 

* * ENDS * *

 

For further information visit www.imaragoldplc.com or contact the following:

 

For enquiries contact:

 Imara Gold plc

 Jason Brewer                                       jason@imaragoldplc.com

 Shareholder Enquiries                              info@imaragoldplc.com

 Bowsprit Partners Limited (Financial Adviser)      +44 (0) 203 833 4430

 

Notes:

Imara Gold plc is an expanding East African focused gold company with a clear
strategy to grow gold production and gold resources both organically and
through strategic acquisitions and partnerships in East Africa.

 

Headquartered in Nairobi, Kenya, Imara Gold is a responsible mining and
exploration company and supports the positive social and economic change that
it contributes to the communities in the regions that it operates. It is a
proudly East African-focused company: it buys locally, employs locally, and
protects the environment and its employees and their families' health, safety
and wellbeing.

 

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