REG - Jangada Mines PLC - Exercise of Warrants and Total Voting Rights

Jangada MinesAnnouncement

21/11/2025 14:45

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RNS Number : 5966I  Jangada Mines PLC  21 November 2025

21 November 2025

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

 

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

 

Exercise of Warrants and Total Voting Rights

 

Jangada Mines Plc (AIM: JAN), a Brazil-focused natural resource development
company, announces that pursuant to the receipt of a warrant exercise notice,
it has issued 4,166,666 new ordinary shares of 0.04 pence each ("Ordinary
Shares") ("New Shares"). The warrant exercise generated gross proceeds of
£41,666.67 to the Company.

 

Admission and Total Voting Rights

The New Shares will rank pari passu in all respects with the existing Ordinary
Shares. Application will therefore be made for the admission of 4,166,666 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 25 November 2025.

 

Following Admission, the Company's issued share capital will consist of
644,649,655 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.

 

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

 David Asquith
 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 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.

 

The Company is currently focussed on the 7,211-hectare Paranaíta Gold
Project, which is a gold-rich porphyry-epithermal system with extensive
historical data, artisanal mining history and structural similarities to
nearby producing high grade gold deposits. The Board believes that the
alignment of widespread gold mineralisation, coincident geochemical anomalies,
and their correlation with magnetic structures indicated on the results of the
exploration conducted on the Paranaíta Gold Project thus far strongly
indicates the potential for a large-scale gold deposit. The Company is
currently conducting exploration and development work to test multiple
gold-bearing structures that remain open in all directions, with the objective
of rapidly scaling up the resource base and unlocking the broader potential of
the Paranaíta Gold Project.

 

The Company also owns 100% of the Pitombeiras vanadium titanomagnetite (VTM)
project in the state of Ceará, Northeast Brazil. In April 2022, the Company
published a headline 100.3% post-tax Internal Rate of Return ('IRR'), and a
US$96.5 million post-tax Net Present Value ('NPV') (8% discount rate) with a
13-month payback for the Project. The report demonstrated Pitombeiras'
potential to be a profitable VTM producer with no geological, economic, or
legal impediment to proceeding to production.

 

Additionally, Jangada has a 3.6% investment in Fodere, a UK minerals
technology company, which has developed new and innovative commercial
processes and applications in extractive metallurgy, to extract titanium
dioxide, vanadium pentoxide and other valuable products from low-grade ores
and waste stockpiles.

 

 

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