REG - Rome Resources PLC - Increased interests in DRC, Director appointment

Rome ResourcesAnnouncement

17/04/2026 16:45

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RNS Number : 9961A  Rome Resources PLC  17 April 2026

This announcement contains inside information for the purposes of Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain.

 

17 April 2026

 

Rome Resources plc

("Rome Resources" or the "Company")

 

Entry into non-binding heads of terms to increase interest in existing DRC
projects

and

Director appointment

 

Rome Resources plc (AIM: RMR), the DRC-focused tin and copper explorer,
announces that it has entered into non-binding heads of terms to further
increase its ownership interests in exploration permit PR 15130 ("PR 15130")
and mineral exploration permit PR 13274 ("PR 13274").

 

In addition, further to the Company's announcement on 3 September 2025,
Stephane Mutombo Irung has been appointed as a non-executive director to the
board of Rome Resources (the "Board"). In line with the Company's announcement
on 11 December 2025, the process to recruit an additional non-executive
director to the Board continues and a further update will be issued when
appropriate.

 

Proposed Acquisitions highlights

 

·    Opportunity to consolidate the Company's interests in its existing
DRC projects;

·    Proposed consideration for the Proposed Acquisitions is expected to
be principally share-based; and

·   If concluded, the Proposed Acquisitions is expected to result in an
uplift of approximately 60 per cent. in the Company's net inferred resources,
with the planned updated Mineral Resource Estimate having much greater value
impact thereafter.

 

Rome Resources currently holds a 51 per cent. interest in Mont Agoma SARL
("Mont Agoma"), which in-turn is the current sole legal owner of PR 15130. The
remainder of Mont Agoma is owned 19 per cent. by CoTinCo Minerals Projects
International LLC and 30 per cent. by PALM Constellation SARL ("PALM")

 

Separately, Rome Resources holds a 71 per cent. interest in MediDoc RD Congo
SAR ("MRDC"), which in-turn holds a 72.5 per cent. interest in Kalayi Tin SARL
("Kalayi"). Kalayi is the current sole legal owner of PR 13274. The remainder
of Kalayi, being 27.5 per cent, is owned by Jean-Felix Mupande's ("JFM").

 

Further information in relation to the proposed acquisitions

 

PR 15130

 

Rome Resources has entered non-binding heads of terms with PALM Constellation
SARL ("PALM") to acquire PALM's 30 per cent. interest in Mont Agoma. PALM is
owned by Messrs Lukusa Kaseba (60 per cent.) and Bilali Maganga (40 per cent.)
(together the "Mont Agoma Acquisition").

 

In consideration for the Mont Agoma Acquisition, it is currently proposed that
Rome Resources will issue PALM up to 600,000,000 new ordinary shares of 0.1
pence each in the share capital of the Company ("Ordinary Shares"), of which
up to 300,000,000 Ordinary Shares are currently expected to only be issued if
Mont Agoma achieves either (i) a drill intercept of at least 20 metre true
thickness and a verified assay average tin grade of more than 1.8 per cent; or
(ii) a drill intercept of at least 30 metre true thickness and a verified
assay average copper grade of more than 4 per cent. In addition, Rome
Resources is currently expected to grant PALM a 2 per cent net smelter return
royalty over any development at Mont Agoma (the "Mont Agoma Royalty").

 

PR 13274

 

In addition, Rome Resources, through its subsidiary MRDC, has entered
non-binding heads of terms with JFM to acquire JFM's 27.5 per cent. interest
in Kalayi (together the "Kalayi Acquisition", and together with the Mont Agoma
Acquisition, the "Proposed Acquisitions").

 

In consideration for the Kalayi Acquisition, it is currently proposed that
Rome Resources will issue JFM up to 600,000,000 new Ordinary Shares, of which
up to 300,000,000 Ordinary Shares are currently expected to only be issued if
Kalayi achieves a drill intercept of at least 20 metre true thickness and a
verified assay average tin grade of more than 1.8 per cent. In addition, Rome
Resources is currently expected to grant JFM a 2 per cent net smelter return
royalty over any development at Kalayi (the "Kalayi Royalty").

 

It is currently anticipated that any new Ordinary Shares to be issued pursuant
to the Proposed Acquisitions will be issued pursuant to the Company's existing
authorities to issue and allot equity securities granted at the general
meeting of the Company on 2 April 2026.

 

Potential related party transactions

 

PALM currently holds a 30 per cent. interest in Mont Agoma, a subsidiary of
Rome Resources. In addition, JFM currently holds a 27.5 per cent interest in
Kalayi, also a subsidiary of Rome Resources. Accordingly, both PALM and JFM
are related parties pursuant to the AIM Rules for Companies ("AIM Rules").
Should binding documentation be entered into in relation to the Proposed
Acquisitions, the Proposed Acquisitions will likely constitute related party
transactions for the purposes of Rule 13 of the AIM Rules. The Company will
make a further announcement through a Regulatory Information Service, as
appropriate.

 

Paul Barrett, Chief Executive Officer of Rome Resources, commented:

 

"The proposed acquisition of these additional interests has long been a goal
of Rome Resources' management and this proposed pair of transactions, being
principally share-based, represents excellent value for money for
shareholders.  The proposed acquisitions, if concluded, are expected to
result in an uplift of approximately 60 per cent. in the Company's net
inferred resources, with the planned updated Mineral Resource Estimate having
much greater value impact thereafter.

 

Additionally, we are delighted Stephane is coming onboard now as he will add a
further layer of DRC experience to the team going forward."

 

Additional disclosures required under the AIM Rules for Companies

 

Pursuant to Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for
Companies, Stephane Mutombo Irung, aged 51, is currently a director of Stanvic
mining SARL as well as Group SIL SARL and has not held any other directorships
or partnerships in the past five years.

 

Stanvic Mining SARL ("Stanvic") holds 1,200,000,000 ordinary shares of 0.1
pence each in the share capital of the Company ("Ordinary Shares"),
representing approximately 16.81 of the issued share capital of the Company.
Stanvic also holds warrants over 1,200,000,000 new Ordinary Shares,
exercisable at a price of 0.50 pence. Stanvic is a person closely associated
(PCA) with Stephane Mutombo Irung.

 

For further information, please contact:

 

 Investor questions on this announcement                          https://romeresources.com/s/5b5af1 (https://romeresources.com/s/5b5af1)

 We encourage all investors to share questions

 on this announcement via our investor hub

 Rome Resources Plc                                               Tel. +44 (0)20 3143 6748

 Paul Barrett, Chief Executive Officer

 Allenby Capital Limited (Nominated Adviser and Joint Broker)     Tel. +44 (0)20 3328 5656

 John Depasquale / Vivek Bhardwaj (Corporate Finance)

 Kelly Gardiner / Lauren Wright (Sales & Corporate Broking)

 OAK Securities (Joint Broker)                                    Tel. +44 (0)20 3973 3678

 Jerry Keen, Head of Corporate Broking

 Henry Clarke, Head of Sales

 Camarco (Financial PR)                                             Tel. +44 (0)20 3757 4980

 Gordon Poole / Sam Morris

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