REG-Anglesey Mining Plc: Placing and Subscription to raise approximately £680,000 and Appointment of AlbR Capital as Joint Corporate Broker

Anglesey MiningAnnouncement

09/03/2026 07:02

 

Anglesey Mining plc

("                     Anglesey                    " or the "                 
   Company                    ")

 

Placing and Subscription to raise approximately £680,000

 

Appointment of AlbR Capital as Joint Corporate Broker

 

 

Anglesey Mining plc (AIM:AYM), the minerals exploration and development
company, is pleased to announce that AlbR Capital Limited has conditionally
raised aggregate gross proceeds of approximately £680,000, by means of a
placing (the “                     Placing                    ”) of
10,491,663 new ordinary shares of nominal value £0.01 (“                   
 Ordinary Shares                    ”) each in the capital of the Company
(the “                     Placing Shares                    ”), to
certain institutional and other investors raising gross proceeds of
approximately £630,000, and a direct subscription of 833,333 new Ordinary
Shares (the “                     Subscription Shares                   
”), to raise approximately £50,000 (the “                    
Subscription                    ”) (together the “                    
Fundraising                    ”), in each case                           
    at a price of £0.06 (6 pence) per share (the “                    
Issue Price                    ”).

 

Participants in the Fundraising will receive 1 warrant for every new Ordinary
Share subscribed for, exercisable at £0.07 (7 pence) per share for a period
of 12 months from date of grant (the "                     Warrants           
        "). If exercised in full, the exercise of the Warrants would provide
an additional £792,749.72 of gross proceeds to the Company.

 

The Subscription is being supported by the Company’s largest shareholder,
Energold Minerals Inc. (“                     Energold                   
”), which will invest £49,999.98 at the Issue Price. Upon completion of the
Fundraising, Energold will be interested in 14,951,233 ordinary shares of
nominal value £0.01 each (“                     Ordinary Shares            
       ”), representing approximately 23.1% of the enlarged issued share
capital.

 

The Fundraising is being undertaken by AlbR Capital Limited ("                
    AlbR                    "). The Company is also pleased to announce that
AlbR has been formally appointed as joint Corporate Broker, with immediate
effect.

 

The appointment of AlbR follows                     the £350,000 investment
by                     Energold and the recent restructuring of the
Company’s balance sheet, eliminating approximately £4 million in debt, as
further described in the announcement of                     5 December 2025.
          

 

Anglesey is now fully focused on advancing an exploration and development
strategy for its 100%-owned Parys Mountain copper-zinc-lead-gold-silver
project (see “                     Use                                      
  of Proceeds                    ” below).

 

Pursuant to the engagement of AlbR, 400,000 new Ordinary Shares will be issued
to AlbR in respect of its annual retainer for the next 12 months (“         
           Retainer Shares                    ”). The Retainer Shares will
be issued                      based on the closing mid-price on Friday, 6
March 2026 of £0.075 (7.5 pence) per Ordinary Share.           

 

Anglesey Mining CEO, Rob                                                     
         Marsden,                                                            
  commented                    :                     “We are pleased to
welcome                     AlbR, as we seek                     to expand
the Company profile                     and broaden the Company’s
shareholder base.                     AlbR                     has         
           already                     been                     assisting  
                  the                     Company                     and
we look forward to working with them                     as we continue to
advance Parys Mountain.”                      

 

Use of Proceeds

The net proceeds of the Fundraising are expected to be applied towards:

 
*            £250,000: initiation of dewatering the existing shaft to
facilitate exploration efforts, advance the pumped energy storage project and
support eventual mine development.          
*            £50,000: analysis of existing core samples from previous
drilling campaigns which have not, thus far, been incorporated into resource
models.          
*            £100,000: for ongoing exploration to include aero-geophysics and
ground follow up.          
*            £200,000: for G&A/Working Capital.
 

The actual use of proceeds may vary at the Company’s discretion based on the
results of work undertaken or other factors.

 

Further Details of the Fundraising and Warrants

The Company has, conditional on Admission of the Placing Shares and
Subscription Shares, raised £679,499.76 (before expenses) through the Placing
and Subscription with institutional and other investors for a total of, in
aggregate, 11,324,996 new Placing Shares and Subscription Shares at 6 pence
per share. The Placing Shares and Subscription Shares will be issued on a
non-pre-emptive basis pursuant to the authorities granted to the Board at the
Company's annual general meeting held in February.

 

Jim Williams, non-executive director of the Company, is participating in the
Placing for an aggregate subscription of £9,999.96 for 166,666 Placing
Shares.

 

The Placing Shares, Subscription and Retainer Shares, when issued and fully
paid, will rank                                pari passu                   
           in all respects with the existing Ordinary Shares in issue and
therefore will rank equally for all dividends or other distributions declared,
made or paid after the issue of the new Ordinary Shares.

 

The Issue Price represents a discount of approximately 20 per cent to the
closing middle market price of 7.5 pence per Ordinary Share on 6 March 2026,
being the latest business day prior to the announcement of the Fundraising.

 

Participants in the Fundraising will be issued with one Warrant for each new
Ordinary Share subscribed for, resulting in the issue of 11,324,996 Warrants.
The Warrants will be exercisable at a price of 7 pence for a period of 12
months from the date of issue. The Warrants will not be transferable and will
not be traded on an exchange.

 

Related Party Transaction

 

Energold has agreed to subscribe, in aggregate, for 833,333 Subscription
Shares at the Issue Price and will receive 833,333 Warrants, on the same terms
and conditions as other participating investors. Energold is a related party
for the purposes of Rule 13 of the AIM Rules by virtue of being a substantial
shareholder in Anglesey, and its participation in the Fundraising constitutes
a related party transaction (as defined by the AIM Rules).

 

The Directors of Anglesey, save for Brendan Cahill (a representative of
Energold), consider, having consulted with the Company’s nominated adviser,
that the terms of Energold’s participation in the Fundraising are fair and
reasonable insofar as the shareholders of the Company are concerned.

 

Admission to Trading

Application will be made for the 10,491,663 Placing Shares, 833,333
Subscription Shares and the 400,000 Retainer Shares to be admitted to trading
on AIM ("                     Admission                    "). Admission is
expected to occur at 8.00 a.m. on or around 13 March 2026.

 

Total Voting Rights

Following Admission, the Company's enlarged issued share capital will comprise
64,814,303 Ordinary Shares. The Company holds no shares in treasury. This
figure may be used by shareholders for the purposes of the FCA's Disclosure
Guidance and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 (as amended) ("MAR"),
and is disclosed in accordance with the Company's obligations under Article 17
of MAR.

For further information, please contact:

Anglesey Mining plc

Rob Marsden, Chief Executive Officer - Tel: +44 (0)7531 475111

Andrew King, Chairman - Tel: +44 (0)7825 963700

 

Davy

Nominated Adviser & Joint Corporate Broker

Brian Garrahy / Daragh O'Reilly - Tel: +353 1 679 6363

 

ALBR Capital Limited                               Tel: +44 (0)20 7562 0930

Joint Broker

Lucy Williams / Duncan Vasey

 

LEI: 213800X8BO8EK2B4HQ71

 

About Anglesey Mining plc:

Anglesey is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS
deposit in North Wales, UK with a reported resource of 5.3 million tonnes at
over 4.0% combined base metals in the Measured and Indicated categories and
10.8 million tonnes at over 2.5% combined base metals in the Inferred
category.

Appendix: Notification And Public Disclosure Of Transactions By Persons
Discharging Managerial Responsibilities And Persons Closely Associated With
Them

 1.                           Details of the person discharging managerial responsibilities/person closely associated                                                                                                               
 a)                           Name:                                                                                              Jim Williams                                                                                       
 2.                           Reason for the notification                                                                                                                                                                           
 a)                           Position/status:                                                                                   Non-Executive Director                                                                             
 b)                           Initial notification/Amendment:                                                                    Initial notification                                                                               
 3.                           Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                         
 a)                           Name:                                                                                              Anglesey Mining Plc                                                                                
 b)                           LEI:                                                                                               213800X8BO8EK2B4HQ71                                                                               
 4.                           Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted     
 a)                           Description of the financial instrument, type of instrument:  Identification code:                 Ordinary Shares of 1 pence each                                                                    
                                                                                                                                  GB00BVMZHW05                                                                                      
 b)                           Nature of the transaction:                                                                         1. Subscription for Ordinary Shares pursuant to Placing                                            
                                                                                                                                 2. Grant of warrants to subscribe for Ordinary Shares                                              
 c)                           Price(s) and volume(s):                                                                                                                                                                               
 Price(s)                     Volume(s)                                                                                          
 1. 6 pence                   166,666                                                                                            
 1. 7 pence (exercise price)  166,666                                                                                            
 d)                           Aggregated information:  Aggregated volume:  Price:                                                N/A – single transaction                                                                           
 e)                           Date of the transaction:                                                                           9 March 2026                                                                                       
 f)                           Place of the transaction:                                                                          Outside a trading venue                                                                            

 



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