Risk is Administration if no other funding is secured!!6 Nov 2025 13:55
Anglesey Mining plc
("Anglesey" or the "Company")
Results of General Meeting
Anglesey Mining plc (AIM:AYM), the UK minerals development company, announces the results of voting on the resolutions put to the General Meeting held earlier today. The full text of the resolutions can be found in the notice of General Meeting contained in the Company's circular to Shareholders dated 26 September 2025 (the "Circular").
The Resolutions were not passed by the requisite majorities and therefore the Company will not proceed with the proposed Capital Reorganisation. As noted in the Circular, the Equity Financing Facility with Alumni Capital Limited was, inter alia , conditional on the Company implementing the proposed Capital Reorganisation. Therefore, as a result of the necessary resolutions failing to have passed, the Company will not be able to drawdown any amounts under the Equity Financing Facility.
As noted in the Circular, should the Company be unable to complete the Capital Reorganisation and therefore avail of the Equity Financing Facility, it would be left with a limited pool of alternative options and there would be material uncertainty over the going concern status of the Company. Following the results of today's General Meeting, the Board will seek to preserve the Company's cash resources as far as practicable, and will urgently explore alternative sources of funding. However, there can be no guarantee that the Company will be able to find alternative sources of funding on a timely basis. If alternative funding is not available, the Directors believe that it is likely that the Anglesey Mining plc
("Anglesey" or the "Company")
Results of General Meeting
Anglesey Mining plc (AIM:AYM), the UK minerals development company, announces the results of voting on the resolutions put to the General Meeting held earlier today. The full text of the resolutions can be found in the notice of General Meeting contained in the Company's circular to Shareholders dated 26 September 2025 (the "Circular").
The Resolutions were not passed by the requisite majorities and therefore the Company will not proceed with the proposed Capital Reorganisation. As noted in the Circular, the Equity Financing Facility with Alumni Capital Limited was, inter alia , conditional on the Company implementing the proposed Capital Reorganisation. Therefore, as a result of the necessary resolutions failing to have passed, the Company will not be able to drawdown any amounts under the Equity Financing Facility.
As noted in the Circular, should the Company be unable to complete the Capital Reorganisation and therefore avail of the Equity Financing Facility, it would be left with a limited pool of alternative options and there would be material uncertainty over the going concern status of the Company. Following the results of today's General Meeting, the Board will seek to preserve the Company's cash resources as far as practicable, and will urgent
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