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Finnsbo Project, Sweden

6 Mar 2026 07:56

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

For further information, please visit the Alba Mineral Resources plc investor website (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) and visit @AlbaMinerals on X (formerly Twitter).

Alba Mineral Resources plc

George Frangeskides, Executive Chairman

+44 20 3950 0725

SPARK Advisory Partners Limited (Nomad)

Andrew Emmott

+44 20 3368 3555

CMC Markets plc (Broker)

Thomas Smith / Douglas Crippen

+44 20 3003 8632

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%

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
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Date   Source Headline
28th May 20262:59 pmRNSResults of AGM
20th May 20267:00 amRNSChange of Name to Arkadian Strategic Metals Plc
14th May 202611:19 amRNSAlba Completes Further Motzfeldt Acquisition
5th May 20269:17 amRNSFinal Results and Notice of AGM
30th Apr 20267:00 amRNSOperational Update
9th Mar 20268:00 amRNS-ROperational Update
6th Mar 20267:56 amRNSFinnsbo Project, Sweden
2nd Mar 20267:00 amRNSShare Placing
16th Feb 20268:10 amRNSPhase 1 Motzfeldt Test Work Completed
12th Feb 202611:58 amRNSClogau Operational Update
6th Feb 202612:18 pmRNSResults of General Meeting
23rd Jan 20267:00 amRNS-RAlba Joins Critical Minerals Association
22nd Jan 20267:00 amRNSNotice of General Meeting
19th Dec 20257:00 amRNSClogau Gold Mine Operational Update
19th Dec 20257:00 amRNSClogau Gold Mine Operational Update
16th Dec 20257:00 amRNSRevised Date for Admission of Shares to Trading
3rd Dec 202510:07 amRNSOperational Update
5th Nov 20257:00 amRNSMaiden Drilling Programme Commences at Finnsbo
28th Oct 20253:12 pmRNSMotzfeldt Acquisition Completion
22nd Oct 20257:01 amRNSInvestee Company Update
13th Oct 20258:38 amRNSOperational Update
29th Aug 20257:00 amRNSHalf-Yearly Report for 6 Months Ended 31 May 2025
26th Aug 202512:00 pmRNSCorporate Update, Board & Personnel Changes
20th Aug 202511:17 amRNSOperational Update
16th Jul 20257:00 amRNS-RInvestor Webinar
14th Jul 20257:00 amRNSAcquisition & Placing
26th Jun 20258:50 amRNSClogau Update
27th May 20251:14 pmRNSResults of AGM
27th May 20257:00 amRNSOperational Update
16th May 20257:00 amRNSOperational Update
2nd May 20254:11 pmRNSFinal Results and Notice of AGM
29th Apr 20257:00 amRNSGold Coin Sales and Processing Results
14th Apr 202510:15 amRNS-RCommencement of Second Gold Coin Auction
4th Apr 202510:58 amRNSSuccessful Auction Sale of 1oz Gold Coin
28th Mar 20257:00 amRNS-RCommencement of Exclusive Gold Coin Auction
13th Mar 20257:00 amRNSClogau Operational Update
4th Mar 20257:00 amRNSShare Placing
31st Jan 20257:00 amRNSChange of Registered Office
8th Jan 20257:00 amRNSFinnsbo Swedish Rare Earth Transaction Completion
11th Dec 20248:23 amRNSOperational Update
13th Nov 202411:48 amRNSDirector Subscription, Retail Offer & Equity Issue
11th Nov 20247:00 amRNSOption over Tanzanian Gold Licences
6th Nov 202410:06 amRNSRetail Offer
6th Nov 20247:47 amRNSShare Placing & Retail Offer; Rare Earth Project
29th Oct 20247:00 amRNSClogau Operational Update
30th Aug 20247:00 amRNSHalf-Yearly Report and First Blast at Clogau
22nd Jul 20241:38 pmRNSResult of Oversubscribed Retail Offer
18th Jul 20247:01 amRNSRetail Offer
18th Jul 20247:00 amRNSShare Placing and Subscription and Retail Offer
15th Jul 20247:00 amRNSClogau Gold Operational Update

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