Issue of Equity

Tomahawk Metals PLC

17 September 2026

 

17 September 2026

TOMAHAWK METALS PLC

("Tomahawk" or "the Company")

Issue of Equity

Tranche 2 option payment in shares

Tomahawk Metals Plc (AQSE: TMHK), quoted on the Aquis Stock Exchange Growth Market, is pleased to provide an update regarding the transfer of 3 Slovakian Gold and Antimony licences ("the Licences"), Propoc, Lom and Striborna.

As announced on 14 September 2026, the Licences have been transferred to Tomahawk Metals Slovakia ("TMS"), a company owned by Tomahawk. Per the option agreement signed with the vendors of the Licences, the Company is now issuing 8,000,000 new ordinary shares ("Shares") at a share price of £0.01 per share.

A further 5,333,334 Shares will be issued once the Zalomy and Zlata-Bana licences have been approved and transferred to TMS.  The Company is working with the local team to complete these further licence applications.

Historical producing licences

Lom - A current mineral exploration licence, covering the historical Lom Sb-Au mine, and located on the edge of the Low Tatras National Park. Showing ultra-high grades and open at depth. With historic peak production 12.1g/t gold and with the best adit channels of 2.75 meters with 30.98% antimony.

Poproc - A current mineral exploration licence covering multiple historical Sb-Au mines and exploration targets. With surface samples of 9 g/t gold and historic production showing 80kg of gold. Hosting a series of waste dumps and with PxRF hand held readings of 59% antimony.

Strieborna - A current exploration licence located close to a historical mining district, at which historical underground exploration adits have been identified.  2003 trenching completed by a previous owner showing grades of 1.29% gold and Antimony at 43%.

Zlata Bana - A licence under application, covering the mineralised core of a strato-volcano, extensively historically explored for polymetallic (Zn-Pb) mineralisation.

Zalomy - A licence under application, targeting a potential eastward continuation of the Lom licence.

Admission and Total Voting Rights

Application will be made for the Shares to be admitted to trading ("Admission") on the Access segment of the Aquis Growth Market and Admission is expected to occur on or around 22 September 2026.

Following Admission, the total number of Shares in issue will be 82,096,009. This figure 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

The Directors of the Company accept responsibility for the contents of this announcement.

Enquiries:

Company:

Rolf Gerritsen

[phone]

Clear Capital Markets Limited:

Broker

Bob Roberts

[phone]

AlbR Capital Limited:

Corporate Adviser

David Coffman

+ 44 (0) 20 7469 0930

 

END