Warrant Cancellations & Capital Structure Update

Bluebird Mining Ventures Ltd

08 October 2026

 

08 October 2026

Bluebird Mining Ventures Ltd

("BMV" or the "Company")

Further Warrant Cancellations and Capital Structure Update

Bluebird Mining Ventures Ltd (LSE: BMV), a company focused on the development of its Energy Harvesting and Metal Harvesting businesses, announces a further update in relation to the Company's ongoing programme to simplify its capital structure and reduce historic warrant overhang.

As announced on 9 April 2026, the Company had agreed the cancellation of 100,505,435 warrants exercisable at 0.23 pence per Ordinary Share and stated its intention to seek the cancellation of the remaining warrants within this historic warrant class.

Since that announcement, the Company has continued to engage with relevant warrant holders and has now agreed the cancellation of a further 19,500,000 warrants exercisable at 0.23 pence per Ordinary Share.

Following these further cancellations, 108,255,435 warrants exercisable at 0.23 pence per Ordinary Share will remain outstanding, compared with 228,260,870 warrants in this class prior to the commencement of the cancellation programme.

Remaining Warrants

The remaining 0.23 pence warrants are currently subject to review by the Company. This includes certain warrants where the Company is reviewing their validity, enforceability and/or continued existence, together with other warrants in respect of which discussions regarding cancellation remain ongoing.

The Company intends to continue the process of resolving the remaining historic warrants and will provide further updates as appropriate.

Following the cancellations announced today, the remaining 0.23 pence warrants represent approximately 3.37% of the Company's current issued ordinary share capital. This compares with approximately 11.34% immediately prior to the commencement of the cancellation programme.

The potential dilution represented by this historic warrant class has therefore been materially reduced and now represents a relatively small component of the Company's overall capital structure.

The Company will continue to review historic securities and other legacy capital arrangements as part of its wider programme to maintain a clear and efficient capital structure.

For further information, please contact:

Bluebird Mining Ventures Ltd
Sath Ganesarajah, Chief Executive Officer
c/o Yellow Jersey PR

Yellow Jersey PR
Charles Goodwin / Annabelle Wills
[phone]

Investor questions on this announcement

We encourage all investors to share questions on this announcement via our investor hub:
https://bmvbtc.com/announcements.

About Bluebird Mining Ventures Ltd

Bluebird Mining Ventures Ltd (LSE: BMV) is a gold streaming, mining and treasury company focused on building long-term shareholder value through disciplined capital allocation into scarce real-world assets.

The Company applies a capital-light streaming and royalty model across opportunities in metals, energy and treasury management, seeking to generate recurring cash flows while maintaining a strong focus on balance sheet discipline and long-term net asset value growth.

Drawing on its heritage in precious metals, BMV aims to develop scalable investment platforms that provide exposure to scarce assets without the operational risks associated with direct ownership or operation.

For more information, please visit www.bmvbtc.com.

 

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