REG - Alba Mineral Resrcs. - Finnsbo Project, Sweden

Alba Mineral ResourcesAnnouncement

06/03/2026 08:00

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RNS Number : 6666V  Alba Mineral Resources PLC  06 March 2026

Alba Mineral Resources Plc / EPIC: ALBA / Market: AIM / Sector: Mining

6 March 2026

Alba Mineral Resources Plc

("Alba" or the "Company") 

 

Finnsbo Project, Sweden

 

Alba Mineral Resources plc (AIM: ALBA), the gold and critical raw materials
focused exploration and development company, notes certain public statements
regarding the purported termination of Alba's earn-in rights under the
agreement previously entered into between Alba and Alba's partner in the
Finnsbo project in Sweden (the "Project") (the "Agreement"). Alba contends
that it has fulfilled the terms of the Agreement and that the Agreement, and
Alba's earn-in rights, remain in full force and effect. The Company refutes
any claims to the contrary.

The Company is satisfied that it has fulfilled the expenditure requirement for
the first 12-month earn-in period, has therefore earned a 25% interest in the
Project and as such is entitled under the terms of the Agreement to continue
earning into the Project during a second 12-month period and, subject to
meeting the applicable expenditure requirements, to increase its interest to
51%.

The Company intends to take such legal steps as it considers necessary to
ensure that its rights under the Agreement are recognised and fully protected
and is further considering all appropriate remedies in relation to the
publication of certain other related, and wholly unfounded, public statements
in relation to this matter.

As part of the agreed work programme, Alba drilled three holes at the Project
in late 2025 and is in the process of arranging for the drill core to be
assayed.

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market, financial and business conditions, competition
for and availability of qualified staff and contractors, regulatory processes
and actions, technical issues, new legislation, uncertainties resulting from
potential delays or changes in plans, uncertainties resulting from working in
a new political jurisdiction, uncertainties regarding the results of
exploration, uncertainties regarding the timing and granting of prospecting
rights, uncertainties regarding the timing and granting of regulatory and
other third party consents and approvals, uncertainties regarding the
Company's or any third party's ability to finance, execute and implement
future plans and programmes, and the occurrence of unexpected events. Actual
results achieved may vary from the information provided herein as a result of
numerous known and unknown risks and uncertainties and other factors.

**ENDS**

Engage with Alba by asking questions, watching video summaries and reading
what other shareholders have to say. Navigate to our interactive Investor Hub
here:

https://albamineralresources.com/link/PQbdqy
(https://albamineralresources.com/link/PQbdqy)

 

For further information, please visit the Alba Mineral Resources plc investor
website (www.albamineralresources.com (http://www.albamineralresources.com) )
and sign up to receive news and engage with the Alba management team.
Subscribe to our news alert service
(https://alba-l.investorhub.com/auth/signup
(https://alba-l.investorhub.com/auth/signup) ) and visit @AlbaMinerals on X
(formerly Twitter).

 

 Alba Mineral Resources plc                 +44 20 3950 0725

 George Frangeskides, Executive Chairman
 SPARK Advisory Partners Limited (Nomad)    +44 20 3368 3555

 Andrew Emmott
 CMC Markets plc (Broker)                   +44 20 3003 8632

 Thomas Smith / Douglas Crippen

 

 Alba's Projects & Investments

 Projects Operated by Alba                                          Location   Ownership
 Clogau (gold)                                                      Wales      100%
 Dolgellau Gold Exploration (gold)                                  Wales      100%
 Gwynfynydd (gold)                                                  Wales      100%
 Investments Held by Alba                                           Location   Ownership
 GreenRoc Strategic Materials Plc (graphite - anode)                Greenland  25.04%
 Elemental Rare Metals Limited (Motzfeldt Critical Metals Project)  Greenland  25.5%
 Horse Hill (oil)                                                   England    11.765%
 Earn-in Projects                                                   Location   Earn-in Rights
   Finnsbo (rare earths, copper, gold)                              Sweden     Up to 100%

 

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