Appointment of Additional Non-Executive Director

Jangada Mines

24/11/2025 07:00

RNS Number : 5979I

Jangada Mines PLC

24 November 2025

 

Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining

24 November 2025

Jangada Mines plc ('Jangada' or 'the Company')

 

Appointment of Additional Non-Executive Director

 

Jangada Mines Plc (AIM: JAN), a Brazil-focused natural resource development company, is pleased to announce the appointment of Hugo de Salis to the Board as a Non-Executive Director with immediate effect.

 

Mr. de Salis brings over 30 years' experience in financial services. He began his career at Schroders Unit Trust Ltd and then later at J.P. Morgan Investment Management. After a period at Weber Shandwick, he founded St Brides Partners Ltd, advising listed companies on investor relations with a focus on natural resources. He also founded Ragnar Capital Partners LLP, an FCA-regulated corporate finance boutique, and Lepanto Consultancy Ltd, which provides strategic advice to entrepreneurial and small-cap listed businesses.

 

Mr. de Salis' extensive experience, spanning capital markets, investor relations, and corporate governance, is complemented by a broad network across the investment and advisory community. His appointment strengthens the Board's commercial and market-facing capabilities as the Company advances its Brazilian gold development strategy and unlocks value from its existing portfolio.

 

Mr. de Salis holds a BA (Hons) in History from the University of Manchester, and obtained the Securities and Futures Authority Registered Representative, Investment Management Certificate, and Series 3 National Commodities Futures Examination qualifications. He has previously served as CF4 and SMF27 Partner, and as CF30 for Ragnar Capital Partners LLP.

 

Brian McMaster, Chairman of Jangada Mines, commented: "We are delighted to welcome Hugo to the Board at what is an exciting juncture for Jangada Mines.  We are at an inflection point and his knowledge of the markets and extensive network in the finance and resource arenas, particularly in the UK, will be invaluable as we build out our gold development strategy in Brazil and deliver value for our shareholders.

 

"The Paranaíta Gold Project represents an exceptionally compelling opportunity, and with the recent appointment of Paulo Misk as our Brazil-based CEO, we now have the team in place to deliver on our ambitions. Our fully funded exploration campaign is progressing rapidly: we have completed 3,100 metres of trenching, identified multiple mineralised veins with visible gold, and now have two drill rigs operating on site. I look forward to providing regular updates to the market as we build momentum and create value for all stakeholders."

 

Regulatory Disclosures (Schedule 2(g) of the AIM Rules)

 

The following details are disclosed regarding Mr. Hugo John de Salis, aged 54:

 

Current directorships and partnerships:
Past directorships within the last five years:
Lepanto Consultancy Ltd
Ragnar Capital Partners LLP
Slunch Limited
Cadenza Developments Ltd

 

Mr. de Salis holds 3,333,333 shares in the Company through Lepanto Consultancy Ltd, a vehicle which he owns and controls. As part of his appointment, Mr. de Salis is being issued 6.5 million share options over the Company's share capital, with an exercise price of 1p, an expiry term of 5 years and a vesting period of six months from the point of issue.

 

There is no further information required to be disclosed under Schedule 2(g) of the AIM Rules for Companies.

 

ENDS

 

For further information please visit www.jangadamines.com or contact:

 

Hugo de Salis
Jangada Mines plc
hugo@lepanto.co.uk
Ritchie Balmer
James Spinney
David Asquith
Strand Hanson Limited
Nominated & Financial Adviser
Tel: +44 (0)20 7409 3494
Jonathan Evans
Tavira Financial Ltd
Broker
Tel: +44 (0)20 7100 5100

 

About Jangada Mines Plc

Jangada Mines Plc (AIM: JAN) is a Brazil-focused natural resource development company advancing a portfolio of gold and critical mineral assets. While its initial focus is on its principal asset, the highly prospective Paranaíta Gold Project in Mato Grosso, Jangada aims to develop a pipeline of mechanised, medium-scale gold operations across Brazil, targeting safe, efficient, and scalable production growth. The Company also holds interests in the Pitombeiras Vanadium-Titanium-Iron Project in Brazil and an equity stake and South American rights in Fodere Titanium, a UK-based zero-waste metal recovery technology company.

 

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 it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

 

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