REG - Jangada Mines PLC - Board Changes, Issue of Equity and TVR

Jangada MinesAnnouncement

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RNS Number : 4005X  Jangada Mines PLC  20 March 2026

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

20 March 2026

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

 

Board Changes, Issue of Equity and TVR

 

Jangada Mines plc (AIM: JAN), a Brazil-focused natural resource development
company, is pleased to announce the appointment of Mr Heinrich Müller and Mr
Luis Felipe Azevedo to the Board as Non-Executive Directors ("NEDs") with
immediate effect.

 

Mr Luis Azevedo has stepped down from the Board with immediate effect to focus
on his role as Chairman and CEO of TSX-listed Bravo Mining Corp. Luis' son,
Luis Felipe Azevedo, an established businessman, has been appointed to the
Board as a Brazil-based executive and as a representative of Luis' ownership
interest in the Company.  Mr Azevedo will continue to act as an adviser to
the Company and intends to retain his existing shareholding in the Company.
Mr Müller brings extensive geological and mining experience, which will
further strengthen the Company's in-country team as it advances its project
portfolio, including its work at the Molly Gold Project and the Paranaita Gold
Project.

 

Mr Heinrich Müller

Mr Heinrich Müller is a mining executive and professional geologist with
extensive experience across the resources value chain. He has held senior
operational, leadership and consulting roles across South America, Southern
Africa, Europe and North America, working with both private and publicly
listed mining companies.

 

Mr Müller has led and contributed to multidisciplinary teams delivering a
broad range of projects, including greenfields and advanced-stage resource
developments, feasibility studies, open-pit mine commissioning and operational
production management. His previous roles include Managing Director of Anglo
Platinum Brazil and Managing Director of Pedra Branca Minerals, a joint
venture co-owned by Anglo American and Solitario Zinc (NYSE and TSX listed).
From 2017 - 2019, Mr Müller was the COO of Jangada and assisted in the
initial development and then ultimate sale of the Pedra Branca project, which
the Company had acquired previously. He is currently Vice President,
Technical, at Bravo Mining Corp., a TSX-listed PGM-Ni development company.
Mr. Müller is the founder and director of Axies Ventures Ltd, which was
responsible for the Kokkinoantonis copper discovery in Cyprus.

 

Mr Müller has extensive experience operating in complex, multi-cultural
environments and is fluent in English, Portuguese and Afrikaans.  He has a
strong understanding of mineral economics and executive-level management,
including finance, legal and risk management, governance, ESG and human
capital management. He has a BSc of Geology and Earth Science from
Stellenbosch University and PGC for Minerals Processing Characterisation and
Technology from Universidade de São Paulo.

 

Luis Felipe Azevedo

Mr Luis Felipe is a Brazil-focused businessman and entrepreneur with extensive
experience in corporate leadership, governance, and administration across both
listed and private companies, with a particular emphasis on the mining sector.

 

He is currently Managing Director of Smart Lithium Resources LTDA, a
greenfield and brownfield exploration company in Brazil, which has assembled a
portfolio of 167 mining rights covering approximately 180,000 hectares across
five states and four lithium-producing provinces. In addition, he serves as
Corporate Secretary (Brazil) for Bravo Mining Corp.

 

Mr. Felipe brings substantial operational expertise in the design and
execution of exploration programs, providing full-cycle support from
contractor tendering and mobilization through to drilling execution, sampling
logistics, reporting, governance, landowner engagement, permitting, and
HSE/ESG compliance.

 

He is fluent in both Portuguese and English.

 

Brian McMaster, Chairman of Jangada Mines, commented: "I would like to thank
Luis for his significant contribution to the development of Jangada Mines over
the years. He will remain a close friend, a trusted advisor to the Board and a
major shareholder, and we wish him every success as he focuses on the
development of Bravo Mining."

 

"We are delighted to welcome back Heinrich, a highly experienced mining
executive with an excellent track record in Brazil. We also welcome Luis
Felipe, who will support project development and act as a representative of
Luis, who continues to be a supportive and significant shareholder in the
Company."

 

"Both Heinrich and Luis Felipe will advise on advancing the shallow,
high-grade Molly Gold Project and the Paranaita Gold Project, where work is
progressing on both. They will also assist in delivering our corporate
strategy of building a Brazilian gold-focused resource development company by
acquiring and advancing projects that meet our investment criteria, namely
data-rich, shallow, low-CAPEX opportunities located in proven mining
jurisdictions and capable of being progressed efficiently towards production."

 

Regulatory Disclosures (as required by Schedule 2(g) of the AIM Rules)

 

The following details are disclosed regarding Peter Heinrich Müller, aged 38:

 

 Current directorships and partnerships:  Past directorships within the last five years:

 Geminas Consulting (Pty) Ltd             Bosveld Properties (Pty) Ltd

                                        Kudu Exploration (Pty) Ltd
 Geminas Consultoria Ltda                 Patience Andalusite (Pty) Ltd

                                        Marekele Home Owners Association
 Axies Ventures Ltd

 Bosveld Properties (Pty) Ltd
 Kudu Exploration (Pty) Ltd
 Patience Andalusite (Pty) Ltd
 Marekele Home Owners Association

 

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

 

The following details are disclosed regarding Luis Felipe Azevedo, aged 28:

 

 Current directorships and partnerships:  Past directorships within the last five years:

 Helios Mineração S.A                     FFA Mining Learning LTDA

 LFA Consultoria E Serviços LTDA

 FFA Legal LTDA

 Alderan Mineração LTDA

 Five Star Mineração LTDA

 MT Gold Mineração LTDA

 PL3 Brazil Mineração LTDA

 Prime II Mineração LTDA

 São Gabriel Mineração LTDA

 Smart Lithium Resources LTDA

 VCA Locações E Serviços LTDA

 BGold Mineração LTDA

 

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

 

Issue of Shares under Incentive Arrangements:

 

The Board of Directors of the Company (the "Board") announces that it has
resolved to issue 2,000,000 new ordinary shares to each of the newly appointed
non-executive directors of the Company.

 

In addition, the Board has resolved to issue 2,000,000 new ordinary shares to
each of Nicholas von Schirnding and Hugo de Salis, being existing
non-executive directors of the Company, in lieu of cash bonuses for the
progress the Company has made this year in respect of developing and advancing
its gold portfolio.

 

Furthermore, the Board announces the issue of 7,000,000 new ordinary shares to
Luis Azevedo, in recognition of his contribution to the Company over the
period since inception of the Company, and again in lieu of a cash bonus for
the progress the Company has made this year.

 

In aggregate, a total of 15,000,000 new ordinary shares will therefore be
issued to the abovementioned directors, and former director. The new ordinary
shares issued are subject to a lock-in period of six months.

 

Related party transaction

The issue of the new ordinary shares to the abovementioned directors, and
former director is deemed a related party transaction pursuant to the AIM
Rules, Brian McMaster, being the director independent of the award, considers,
that the terms of the award are fair and reasonable in so far as Shareholders
are concerned.

 

Admission and Total Voting Rights

 

The 15,000,000 new ordinary shares will rank pari passu in all respects with
the existing Ordinary Shares. Application has been made for the admission of
these 15,000,000 new ordinary shares to trading on AIM ("Admission"), and it
is expected that Admission will become effective and that dealings in such New
Shares on AIM will commence on or around 8.00 a.m. on 27 March 2026.

 

Following Admission, the Company's issued share capital will consist of
843,113,933 Ordinary Shares, each with one voting right. As the Company does
not hold any shares in treasury, this 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
share capital of the Company following Admission under the FCA's Disclosure
Guidance and Transparency Rules.

 

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.

 

 

ENDS

 

For further information please visit www.jangadamines.com
(http://www.jangadamines.com/)  or contact:

 

  Hugo de Salis   Jangada Mines plc                   hugo@lepanto.co.uk

 Ritchie Balmer   Strand Hanson Limited               Tel: +44 (0)20 7409 3494

 James Spinney    Nominated & Financial Adviser

 Harry Hiley
 Jonathan Evans   Tavira Financial Ltd                Tel: +44 (0)20 7100 5100

                  Broker

 

About Jangada Mines Plc

Jangada is a natural resource development company listed on AIM of the London
Stock Exchange (AIM:JAN) with assets in Brazil. It is led by a team with deep
industry, financial and in-country experience, and has a dual growth strategy
to:

·    Advance its portfolio projects including the high-grade Molly Gold
Project, the Paranaíta Gold Project and the 100%-owned Pitombeiras vanadium
titanomagnetite Project

·    Utilise its proven in-country and geological expertise to
identify/acquire additional projects that it can rapidly advance to build
value for shareholders.

 

PDMR Dealing:

 1.            Details of the person discharging managerial responsibilities/person closely
               associated
 a)            Name:                                                         i.          Heinrich Muller

                                                                             ii.          Luis Felipe Azevedo

                                                                             iii.         Nicholas von Schirnding

                                                                             iv.         Hugo de Salis

 2.            Reason for the notification
 a)            Position/status:                                              i.          Non-Executive Director

                                                                             ii.          Non-Executive Director

                                                                             iii.         Non-Executive Director

                                                                             iv.         Non-Executive Director

 b)            Initial notification/Amendment:                               Initial notification

 3.            Details of the issuer, emission allowance market participant, auction
               platform, auctioneer or auction monitor
 a)            Name:                                                         Jangada Mines plc
 b)            LEI:                                                          213800LTGB12E32IN691
 4.            Details of the transaction(s): section to be repeated for (i) each type of
               instrument; (ii) each type of transaction; (iii) each date; and (iv) each
               place where transactions have been conducted.
 a)            Description of the financial instrument, type of instrument:  Ordinary shares of £0.0004 each

               Identification code:                                          ISIN: GB00BZ11WQ61
 b)            Nature of the transaction:                                    Award of new ordinary shares
 c)            Price(s) and volume(s):

Price(s)                   Volume(s)
                                                                             i.          Nil            2,000,000
                                                                             ii.          Nil           2,000,000
                                                                             iii.         Nil           2,000,000
                                                                             iv.         Nil            2,000,000
 d)            Aggregated information:

Price(s)  Volume(s)
               Aggregated volume:                                            Nil       8,000,000

               Price:
 e)            Date of the transaction:                                      20 March 2026

 f)            Place of the transaction:                                     Outside a trading venue

d)

Aggregated information:

Aggregated volume:

Price:

 

 Price(s)  Volume(s)
 Nil       8,000,000

e)

Date of the transaction:

20 March 2026

 

f)

Place of the transaction:

Outside a trading venue

 

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