Ajax Resources Plc Regulatory News (AJAX.PL)

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

27 January 2026

AJAX RESOURCES PLC

("Ajax" or the "Company")

Equity Subscription to raise £1,000,000

Ajax [AQSE: AJAX], the natural resources investment company, is delighted to announce that it has raised a total of £1,000,000 (before costs) through the issue of 12,500,000 new Ordinary Shares at a price of 8 pence per Ordinary Share (the "Subscription Shares") by way of subscriptions (the "Subscription"), which has attracted the strong support of significant shareholders, the Board of Directors, and new institutional investors.

Investors will receive warrants on a 1:1 basis, exercisable at 16p per share, with a term of two years from the date of the Subscription (the "Warrants").

The Warrants include an acceleration mechanism whereby, if the volume-weighted average price of the Ordinary Shares equals or exceeds 25p over a continuous period of not less than ten trading days, the Company may, on notice to the holder, accelerate the expiry of the Warrants to one month.

The net funds raised through the Subscription will be utilised, alongside the Company's existing cash resources, to provide funding in respect of the conditional acquisitions announced by the Company on 19 January 2026, 11 December 2025 and 10 December 2025, and for general working capital purposes.

In addition, certain suppliers, have agreed to settle amounts due to them, totalling £40,776.00, in lieu of cash through the issue of 509,700 new Ordinary Shares, also at a price of 8 pence per Ordinary Share (the "Capitalisation Shares"). The Capitalisation Shares will be issued with Warrants on the same basis as above.

Admission and Total Voting Rights

An application will be made for the admission to trading on the Aquis Stock Exchange Growth Market of the Subscription Shares and the Capitalisation Shares, with admission anticipated on or around 30 January 2026 ("Admission").

On Admission, the Company will have 113,736,874 Ordinary Shares in issue, each with one voting right. The Company does not hold any shares in treasury and therefore the total number of voting rights in the Company is 113,736,874. This figure should be used by shareholders from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Ippolito Ingo Cattaneo, Chief Executive Officer of Ajax, commented:

"We are delighted to have completed the Subscription at an issue price that represents almost no discount to the Company's closing market price, underlining the strong demand for the opportunity and the confidence investors have in the Company's strategy.

The continued backing of long-standing shareholders alongside the introduction of new institutional investors is particularly encouraging, especially in the context of the highly supportive metal pricing environment.

With this funding secured, Ajax is now very well-funded to progress its conditional acquisitions and to advance the highly prospective transactions the Company has announced."

- ENDS -

For further information: 

About Ajax Resources Plc

Ajax Resources Plc is a UK natural resources investment company listed on the Aquis Stock Exchange (AQSE: AJAX). The Company was previously listed on the FCA Official List of the Main Market of the London Stock Exchange as a Special Purpose Acquisition Company (SPAC) before transitioning to its current strategy as an operational natural resources investment vehicle.

Ajax is focused on identifying, acquiring and advancing assets containing copper, gold, silver, zinc, uranium and lead - commodities supported by strong long-term demand fundamentals. The Company's strategy centres on the acquisition and development of assets with historical production, significant untapped or latent potential, and substantial exploration upside, typically secured on advantageous terms. Ajax aims to progress these assets through development and into production, with the objective of generating revenue and long-term shareholder value.