REG - Unicorn Mineral Res. - Result of AGM

Unicorn Mineral Resources Public CoAnnouncement

06/10/2025 12:15

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RNS Number : 2308C  Unicorn Mineral Resources plc  06 October 2025

 

 

6 October 2025

Unicorn Mineral Resources Plc

 

("Unicorn" or the "Company")

 

Result of AGM

 

Unicorn Mineral Resources (LSE: UMR), announces that at its Annual General
Meeting held at 11:00 a.m. today, all resolutions were duly passed. The
results of the poll were as follows:

 Resolution  For         Against  Withheld
 1           13,520,216  0        0
 2           13,520,216  0        0
 3           13,520,216  0        0
 4           13,520,216  0        0
 5           13,153,549  366,667  0
 6           13,153,549  366,667  0

 

Copies of all resolutions passed, other than ordinary business, have been
submitted to the Financial Conduct Authority via the National Storage
Mechanism and will shortly be available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

At the AGM, Paddy Doherty, Chairman, made the following statement:

"A year ago, we had narrowed down a number of interesting opportunities in
Southern Africa to a copper prospect in Namibia. Initial investigations were
encouraging: a large tailings dump that was visible from some distance away
offered the hope of recovering copper without the need for mining. However,
the metallurgy of the slimes and tailings is complex with the result that the
copper is not recoverable using traditional techniques. That does not mean
that it is not recoverable at all; and we are now looking at whether new
techniques that utilise glycine may be appropriate. But, this all takes time.

Nor are we focusing solely on this deal. Southern Africa offers several
interesting projects. And there are also some potential interesting
opportunities closer to home.

We continue to preserve cash, with the directors having agreed to suspend
salary payments since March 2024, leaving sufficient funds to meet the due
diligence as we look to ensure that the risk of any future deal is minimised
so far as we can.

In short, it has been a frustrating 12 months; however we remain confident
that we will find a suitable and transformative transaction for the benefit of
shareholders."

 

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

- ENDS -

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

 

 Unicorn Mineral Resources Plc                                                  AlbR Capital Limited - Financial Adviser and Broker

                                                                                David Coffman / Anastassiya Eley

 John O'Connor, CFO                                                             Colin Rowbury

                                                                                Tel: +44 (0)207 399 9400

 Tel: +353 86 259 5123

 Email: John.OConnor@umr.ie (mailto:John.OConnor@umr.ie)

 Gathoni Muchai Investments

 Faith Kinyanjui Mumbi

 info@gathonimuchaiinvestments.com (mailto:info@gathonimuchaiinvestments.com)

 

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