Appointment of Critical Metals Trading Consultant
Summary by AI BETAClose X
Marula Mining PLC
("Marula'' or the "Company")
13 February 2026
Appointment of Critical Metals Trading Consultant
Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company, is pleased to announce the appointment of Mr Simon Grant-Rennick ("Simon") as the Company's critical and specialty metals trading consultant effective 16 February 2026.
Simon, who is based in London, is a qualified Mining Engineer with extensive experience in global commodity trading and specialty metals markets. He has a strong track record serving as a Director and Chairman of publicly listed and private companies across the natural resources, mining and metals sectors.
The appointment comes at a critical stage as the Company advances its activities in the rare earth elements ("REE") sector and its planned expansion into rare earth mining, processing and concentrate sales.
Simon's experience encompasses not only mining and minerals, but also metals, agriculture and property. He has managed mining companies, both public and private, in Uganda and Malawi; metal trading businesses in Bermuda and UK; was a co-founder of Industrial Mineral Finance House which provides consultancy services covering all aspects of the industrial minerals' sector..
In his role, he will be tasked to undertake the development of the Company's REE supply chain, negotiation of strategic offtake agreements and potential US and EU focussed investment partnerships aligned to the Company's REE growth strategy.
With his appointment, Simon will receive an upfront issue of 1,000,000 ordinary shares in the Company at an issue price of 3.75 pence (p") per share.
The Board believes this appointment will strengthen the Company's positioning ahead of its planned development and operating plans in the highly globally strategic rare earths elements sector.
Jason Brewer, CEO of Marula Mining Plc, said:
"On behalf of the Board, we are excited with Simon joining the Company as a trading and specialist metals consultant. We believe his extensive expertise in the commodity market will uphold great value in our planned rare earths development strategy.
His involvement and senior positions across a range of UK-listed and international companies, and in metals trading activities in the North American and European markets, makes him well positioned to assist Marula as it looks to firmly establish itself as a globally significant producer of high-value rare earth elements concentrates."
Mr Richard Hawken, who was formerly appointed as the Company's metals trading and commodity sales consultant in December 2024, is no longer engaged by Marula.
Admission
Application has been made for 1,000,000 new ordinary shares to be admitted to trading on the Aquis Stock Exchange Growth Market ("Admission") on or around 20 February 2026. The Company's ordinary shares remain suspended from trading.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise 361,478,204 ordinary shares of 0.01p each, with each share carrying the right to one vote. Therefore, the total number of voting rights in the Company will be 361,478,204. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.
About Marula Mining
Marula Mining (AQSE: MARU A2X: MAR) is an African focused battery metals investment and exploration company and has interests in several high value mining operations and mine development projects in Africa: the Blesberg Lithium and Tantalum Mine, Northern Cape Lithium and Tungsten Project and the Tonto Tshipi Manganese Mine, all in South Africa; the Boteti Lithium Brines Project in Botswana; the Larisoro Manganese Mine and Kilifi Manganese Processing Operation both in Kenya; the Kinusi Copper Mine, the Nyorinyori Graphite Project and the NyoriGreen Graphite Project all in Tanzania. As we advance operations at these battery metals focused projects, Marula will continue to build and expand its interests in other high-quality projects in Africa.
Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and management team aims to establish Marula as a socially and environmentally responsible, sustainable, and profitable producer of critical metals and commodities that are of increasingly strategic importance to modern technologies and the global economy. Marula's shares are traded on AQUIS Stock Exchange (AQSE) in London and A2X Markets in South Africa. Marula is exploring opportunities to admit its shares to trading on Kenya's Nairobi Securities Exchange and South Africa's Johannesburg Stock Exchange.
For enquiries contact:
|
Marula Mining PLC Jason Brewer, Chief Executive Officer
Faith Kinyanjui Mumbi Investor Relations
|
Email : jason@marulamining.com
Email : info@marulamining.com |
|
AQSE Corporate Adviser Cairn Financial Advisers LLP, Liam Murray / Ludovico Lazzaretti
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+44 (0)20 7213 0880 |
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A2X Advisor AcaciaCap Advisors Proprietary Limited Michelle Krastanov |
+27 (11) 480 8500 |
Caution:
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
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