Further Investment in Reveille Resources PLC

Ajax Resources PLC

06 July 2026

 

6 July 2026

AJAX RESOURCES PLC

("Ajax" or the "Company") 

Further Investment in Reveille Resources PLC

Ajax [AQSE: AJAX], the natural resources investment company, is pleased to announce that it has invested a further £200,000 in Reveille Resources PLC ("Reveille"), a Uranium-focused natural resources investment company, whose shares are expected to admit to trading on the Aquis Growth Market (the "Aquis") with effect from 7 July 2026 ("Admission"). The Company will be issued 4,000,000 ordinary shares of 1 pence each in Reveille ("Reveille Shares"), at a price of 5 pence per share, conditional on Admission.

This investment, together with the Company's previous investment of £200,000 announced on 30 April 2026 will result in Ajax becoming Reveille's second largest shareholder on Admission with 12,000,000 Reveille Shares, equivalent to 15.02% of the total.  Ajax has entered into a 1-year lock-in from Admission for its entire shareholding in Reveille.  Further information on Reveille can be found in the announcement of 30 April 2026 and at www.reveille-resources.com.

In addition, from Admission, Ajax will be issued with two classes of warrants by Reveille.  Firstly, the Company will hold 5,872,500 warrants with an exercise price of 5 pence per Reveille Share for a period of 5 years from Admission, subject to the following conditions:

•     The mid-market closing price of the Reveille Shares on Aquis reaches at least 10 pence for a period of at least ten consecutive trading days (at any point in time); and

•     The Novazza and Val Vedello Exploration Permits are granted; or

•     That the Company acquires other assets with an aggregate enterprise value greater than the Lombardy Project

Secondly, the Company will receive 4,000,000 warrants with an exercise price of 10 pence per Reveille Share for a period of 12 months from Admission.

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

"We are pleased to increase our investment in Reveille. Upon Admission, Ajax will become Reveille's second largest shareholder, reflecting our confidence in the Company's strategy and long-term growth prospects.

Reveille has the potential to become one of the most exciting uranium exploration stories in Europe. With a portfolio centred on Italy's largest historical uranium resource base, which was extensively explored by AGIP Nucleare S.p.A. and SOMIREN over more than two decades through approximately 87,000 metres of historical drilling and 17 kilometres of underground development, together with a compact capital structure and a valuation that we consider highly attractive relative to the scale of the opportunity,

Reveille is well positioned to create significant value as it progresses the Environmental Impact Assessment process, secures the grant of its exploration permits and advances the development of its project portfolio.

We look forward to supporting Reveille as it begins trading on Aquis and executes its strategy for the benefit of all shareholders."

Change of Company Secretary and Registered Office

The Company has appointed Amba Secretaries Limited as the Company's Secretary and moved its registered office to:

C/O Amba Company Secretarial Services Limited 4th Floor, One Kingdom Street, Paddington Central, London, W2 6BD

Total Voting Rights

The Company's issued share capital as at the date of this announcement comprises 120,109,292 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in treasury and therefore the total number of Ordinary Shares with voting rights in the Company is 120,109,292.

The above figure of 120,109,292 may be used by shareholders 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information: 

Ajax Resources Plc Ippolito Ingo Cattaneo, Chief Executive Officer	Tel: + 44 (0) 208 146 6345 [e-mail]
Allenby Capital Limited (Aquis Corporate Adviser) Nick Harriss / Nick Athanas	Tel: + 44 (0) 203 328 5656 [e-mail] [e-mail]

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 highly advantageous terms. Ajax aims to progress these assets through development and into production, with the objective of generating revenue and long-term shareholder value.

 

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