Agreement for £1.25m Unsecured Loan Facility

Unicorn Mineral Resources plc

17 August 2026

 

UNICORN MINERAL RESOURCES PLC

("Unicorn" or "the Company")

Agreement for £1.25m Unsecured Loan Facility

Unicorn Mineral Resources Plc (LSE: UMR), a mineral exploration and development company exploring for Zinc, Lead, Copper and Silver, is pleased to announce that, further to its announcement on 3 July 2026, it has now formally signed and executed the final legal documentation for the £1,250,000 unsecured loan facility (the "Loan Agreement") with Electro Automation (Group) Limited (the "Lender"), a company controlled by the Company's Chairman, Mr Paddy Doherty.

The execution of the definitive loan agreement by all parties marks a major milestone for the Company, securing the capital necessary to complete and advance the proposed Klein Aub Copper Mine acquisition and initial development plans and further highlights the continued, deep support of its Chairman.

Key Highlights & Drawdown Details

·  Drawdown Timeline: Full drawing of the £1,250,000 principal amount is expected to take place immediately following the final execution and signing of the acquisition documentation for the Klein Aub Copper Mine in Namibia which is currently being finalised .

·    Use of Funds: The debt funds will fund the next stage of the work programs at the Klein Aub Copper Mine, alongside supporting the Company's associated working capital requirements and general operational expenditures.

The final executed terms of the Loan Agreement are broadly in line with those previously announced on 3 July 2026. The loan facility is unsecured and can be drawn in one single tranche only for an amount up to £1,250,000 on signing of the acquisition documents for the Klein Aub Copper Mine. An establishment fee of 3% (£37,500) and interest at a rate of 10% per annum is to be paid on the maturity date of the loan, which is one year from the date of first drawdown.

The Company has agreed that the principal amounts under the loan facility and interest and establishment fee can, at the request of the Lender, be converted on redemption into ordinary shares in the Company, at a price equivalent to a 10% discount to the 30 day volume weighted average share price prior to any conversion. Any conversion will be subject to clearance by the Takeover Panel, as may be required.

Material Related Party Transaction

Electro Automation (Group) Limited is a company controlled by Mr. Paddy Doherty, Chairman of the Company and a significant shareholder, and accordingly is a related party of the Company for the purposes of the UK Listing Rules. Accordingly, entry into the formal Loan Agreement constitutes a material related party transaction.

The independent Directors of Unicorn, having exercised reasonable care, skill, and diligence, continue to consider that the terms of the facility are fair and reasonable insofar as the shareholders of the Company are concerned.

Inside Information Notice This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

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For further information, please visit www.unicornmineralresources.com or contact:

Unicorn Mineral Resources Plc

John O'Connor, CFO

Tel: [phone]

Email: [e-mail]

AlbR Capital Limited (Financial Adviser and Broker)

David Coffman / Daniel Harris

Colin Rowbury

Tel: [phone]

focusIR (Financial PR)

Katrina Perez / Paul Cornelius

Tel: [phone]

Email: [e-mail]

 

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