REG - Xtract Resources plc - Increase in shareholding in Wildstone SARL

Xtract ResourcesAnnouncement

Yesterday 11:15

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RNS Number : 1351R  Xtract Resources plc  15 July 2025

15 July 2025

 

For immediate release

 

Xtract Resources Plc

("Xtract" or the "Company")

Increase in shareholding in Wildstone SARL

 

The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to
announce that Wildstone SARL has issued additional equity on a fully diluted
basis to Xtract, and the Company's equity interest has increased to 80%.

 

The issue of up to 80% of Wildstone's equity on a fully diluted basis was
conditional on further phased expenditure over a three-year period of an
aggregated amount of not less than US$900,000 as previously announced.

 

Xtract's Moroccan partners in Wildstone have elected to grant the balance of
30% equity which provides Xtract with its maximum interest of 80% ahead of
completion of the required aggregated expenditure, reflecting the commitment
shown to date by Xtract in terms of the agreement entered into on 26 February
2025, to develop a significant antimony business in Morocco. The proactive
contribution by Xtract both technically and financially has given Xtract's
Moroccan partners the confidence to award the 80%, endorsing Xtract's
credibility within country as a new entrant into the antimony arena.

 

Executive Chairman Colin Bird commented: "Together with our local partners we
have accelerated all phases of business necessary to participate in
Wildstone's Moroccan antimony development. We and our partners are totally
aligned as to the methodology requirements and approach required to fast track
a position in the antimony space. Our confidence reflects the prospect of
further antimony price increases and the need to be proactive in developing a
total capability in Morocco, and we look forward to keeping our shareholders
abreast of developments".

 

Further information is available from the Company's   website which details
the company's project portfolio as well as a copy of this
announcement:  www.xtractresources.com (http://www.xtractresources.com)

 

For further information, please contact: Xtract Resources PLC

 

Enquiries:

 Xtract Resources Plc                               Colin Bird,          +44 (0)20 3416 6471

                                                    Executive Chairman   www.xtractresources.com (http://www.xtractresources.com)

 Beaumont Cornish Limited                           Roland Cornish       +44 (0)207628 3369

 Nominated Adviser                                  Michael Cornish      www.beaumontcornish.co.uk (http://www.beaumontcornish.co.uk)

                                                    Felicity Geidt

 Novum Securities Limited                           Jon Bellis           +44 (0)207 399 9427

 Joint Broker                                       Colin Rowbury        www.novumsecurities.com

 

 Shard Capital Partners LLP                         Damon Heath   +44 (0)207 186 9952

 Joint Broker                                                     www.shardcapital.com

 

 

Beaumont Cornish Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as nominated adviser to
the Company in relation to the matters referred herein. Beaumont Cornish
Limited is acting exclusively for the Company and for no one else in relation
to the matters described in this announcement and is not advising any other
person and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Beaumont Cornish
Limited, or for providing advice in relation to the contents of this
announcement or any matter referred to in it.

 

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