RE: Stonepark29 Apr 2026 07:27
At a market value of roughly £8.6m, Arkle appears to be getting little credit for its new Namibian uranium portfolio, despite that work being fully funded and active.
It also looks modestly valued relative to its 22.36% stake in Stonepark, particularly when partner Group Eleven is currently valued at around C$286 million.
That valuation gap is not a straight read-across, but it does underline how limited the market’s current expectations for Arkle appear to be. And Stonepark is only part of the story. Namibia adds a second potentially meaningful growth driver, while the company also retains optionality through lithium in Botswana and non-
core Irish assets that could be partnered, spun out or monetised over time.
With refreshed management, a clearer strategic focus and multiple catalysts ahead, consistent execution could steadily build both market profile and valuation. If uranium results in Namibia and drilling progress at Stonepark land as hoped, that rerating potential could become more visible.