Issue of Equity and Grant of Options

ECR Minerals PLC

14 July 2026

 

14 July 2026

ECR MINERALS PLC

("ECR Minerals", "ECR" or the "Company")

Issue of Equity, Grant of Options, Total Voting Rights

and

PDMR dealings

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, announces the issue of new ordinary shares of 0.001 pence each in ECR (the "Ordinary Shares") in respect of the board of directors of ECR's (the "Board" or the Directors") ongoing remuneration policy, whereby each Director and certain advisers to the Company are remunerated predominantly through the issue of new Ordinary Shares.

Nick Tulloch, Chairman, will receive 14,218,009 new Ordinary Shares, as payment in lieu of £30,000 of his accrued remuneration for the period from 1 April 2026 to 30 June 2026.  Andrew Scott, Non-Executive Director, will receive 6,516,587 new Ordinary Shares, as payment in lieu of £13,750 of his accrued remuneration for the same period. Mike Parker, Non-Executive Director, will receive 4,857,819 new Ordinary Shares, as payment in lieu of £10,250 of his accrued remuneration for the same period.  Chris Gibbs, Non-Executive Director, will receive 2,843,601 new Ordinary Shares, as payment in lieu of £6,000 of his accrued remuneration for the same period.  

Certain consultants and professional advisers will receive in aggregate 4,302,583 new Ordinary Shares, as payment in lieu of an aggregate of approximately £9,078 of their accrued remuneration and fees for the period from 1 April 2026 to 30 June 2026.   

All of the new Ordinary Shares are to be issued at a price of 0.211 pence per new Ordinary Share, which was the volume weighted average share price for Ordinary Shares over the previous 14 days to 30 June 2026.

In line with the Directors Remuneration Report outlined in the Company's annual report and accounts for the year ended 30 September 2025, ECR has also granted options ("Options") to Chris Gibbs, Non-Executive Director, to subscribe for 5,456,065 new Ordinary Shares as payment in lieu of £7,750 of his accrued consultancy fees for providing management services for ECR's Australian operations during the same period.  Each Option may be exercised at 0.211 pence per new Ordinary Share over 5 years from the date of grant.

In addition to the above, ECR has issued 25,000,000 new Ordinary Shares to Slievemara Consulting Limited, the intermediary who introduced the Company to Paleogold Limited (now renamed ECR Minerals (Paleogold) Ltd) prior to the acquisition which was announced on 20 April 2026.  Those new Ordinary Shares are to be issued at a price of 0.26 pence per new Ordinary Share, which was the price at which consideration shares were issued for that transaction.

PDMR dealings

Pursuant to the arrangements set out above, a total of 57,738,599 new Ordinary Shares will be issued by the Company. Following this issuance, the total numbers of Ordinary Shares that will be held following Admission (as defined below) by the Directors, as Persons Discharging Managerial Responsibility ("PDMRs") of the Company as at the date of this announcement, are as follows:

Name	New Ordinary Shares to be issued	Total Ordinary Shares held in the Company following Admission	As a percentage of the Company's enlarged issued ordinary share capital following Admission	Options held in the Company
Nick Tulloch	14,218,009	112,213,086	3.12%	70,000,000
Andrew Scott	6,516,587	41,654,989	1.16%	40,000,000
Mike Parker	4,857,819	20,958,362	0.58%	-
Chris Gibbs	2,843,601	8,147,383	0.23%	8,408,126
Total	28,436,016

The FCA notification in respect of these PDMR dealings and grant of Options, made in accordance with the requirements of the UK Market Abuse Regulation, is appended further below.

Admission and Total Voting Rights

Application will be made for 57,738,599 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 20 July 2026. The 57,738,599 new Ordinary Shares will rank pari passu with the existing Ordinary Shares. Upon Admission, ECR's issued ordinary share capital will comprise 3,601,490,394 Ordinary Shares. This number will represent the total voting rights in the Company, and, following Admission may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc	Tel: [phone]
Nick Tulloch, Chairman Andrew Scott, Director	[e-mail]
Website: www.ecrminerals.com
Allenby Capital Limited	Tel: [phone]
Nominated Adviser and Joint Broker Alex Brearley / Nick Naylor / Vivek Bhardwaj (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking)	[e-mail]
OAK Securities Joint Broker Jerry Keen / Robert Bell	Tel: [phone]
Axis Capital Markets Limited	Tel: [phone]
Joint Broker
Lewis Jones
SI Capital Ltd	Tel: [phone]
Joint Broker
Nick Emerson
Brand Communications	Tel: [phone]
Public & Investor Relations
Alan Green

ABOUT ECR MINERALS PLC

ECR Minerals is a mineral exploration and development company operating through four wholly owned Australian subsidiaries ECR Minerals (Australia) Pty Ltd ("ECR Australia"), ECR Minerals (Queensland) Pty Ltd ("ECR Queensland"), ECR Minerals (Raglan) Pty Ltd ("ECR Raglan") and ECR Minerals (Paleogold) Ltd ("ECR Paleogold").

ECR Paleogold has a 50% interest in the Maddens hard rock mining project in Northern Queensland where work is underway for production this year.  It also has a 20% interest in the Salt Bush shallow open cut mining project in South Australia where preparations are underway for production which is expected to commence around mid-2027.  ECR Paleogold also owns 80% of the Tuckanarra exploration project in Western Australia.

ECR Australia owns the Bailieston and Creswick gold projects in central Victoria, Australia as well as the Tambo gold project in eastern Victoria.

ECR Raglan has a mining lease at the Raglan alluvial gold project in central Queensland, Australia and ECR Queensland has two approved exploration permits over the nearby Blue Mountain alluvial gold project.  The Raglan project is in an initial production phase and ECR is currently working to bring the Blue Mountain alluvial gold project into production.  ECR Queensland also has three approved exploration permits covering 946 km² over a relatively unexplored area in Lolworth Range in northern Queensland. Furthermore, it has also submitted a licence application at Kondaparinga which is approximately 120km² in area and located within the Hodgkinson Gold Province, 80km NW of Mareeba, North Queensland.

Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), ECR Australia has the right to receive up to A$2 million in payments subject to future resource estimation or production from these projects. 

ECR Australia also has approximately A$77 million of unutilised tax losses incurred during previous operations.

The following notification, made in accordance with the requirements of the UK Market Abuse Regulation, gives further details.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Name Position Nick Tulloch Chairman Andrew Scott Non-Executive Director Mike Parker Non-Executive Director Chris Gibbs Non-Executive Director
2	Reason for the notification
a)	Position/status	See above
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ECR Minerals plc
b)	LEI	213800PBXY96KXHISJ17
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument  Identification code	Ordinary shares of 0.001p each in ECR Minerals plc   Identification code (ISIN) for ECR Minerals plc ordinary shares: GB00BYYDKX57
b)	Nature of the transaction	Issue of new Ordinary Shares in lieu of salary
c)	Price(s) and volume(s)	Name  Price(s) Volume(s) Nick Tulloch 0.211 pence 14,218,009 Andrew Scott 0.211 pence 6,516,587 Mike Parker 0.211 pence 4,857,819 Chris Gibbs 0.211 pence 2,843,601
d)	Aggregated information: -      Aggregated volume -      Price	N/A
e)	Date of the transaction	13 July 2026
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Name Position Chris Gibbs Non-Executive Director
2	Reason for the notification
a)	Position/status	See above
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ECR Minerals plc
b)	LEI	213800PBXY96KXHISJ17
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument  Identification code	Ordinary shares of 0.001p each in ECR Minerals plc   Identification code (ISIN) for ECR Minerals plc ordinary shares: GB00BYYDKX57
b)	Nature of the transaction	Grant of options over new Ordinary Shares
c)	Price(s) and volume(s)	Name  Price(s) Volume(s) Chris Gibbs 0.211 pence 5,456,065
d)	Aggregated information: -      Aggregated volume -      Price	N/A
e)	Date of the transaction	13 July 2026
f)	Place of the transaction	Outside a trading venue

 

END