Issue of Equity and Grant of Options
Summary by AI BETAClose X
10 November 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 (AIM: 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 17,142,857 new Ordinary Shares, as payment in lieu of £30,000 of his accrued remuneration for the period from 1 July 2026 to 30 September 2026. Andrew Scott, Non-Executive Director, will receive 7,857,142 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 5,857,142 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 3,428,571 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 8,627,074 new Ordinary Shares, as payment in lieu of an aggregate of approximately £15,097 of their accrued remuneration and fees for the period from 1 July 2026 to 30 September 2026.
All of the new Ordinary Shares are to be issued at a price of 0.175 pence per new Ordinary Share, being a price equal to the issue price of the Company's fundraising announced on 10 August 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 4,286,586 new Ordinary Shares as payment in lieu of £5,167 of his accrued consultancy fees for providing management services for ECR’s Australian operations during the same period. Each Option may be exercised at 0.175 pence per new Ordinary Share over 5 years from the date of grant.
PDMR dealings
Pursuant to the arrangements set out above, a total of 42,912,786 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 |
17,142,857 |
129,355,943 |
3.12% |
70,000,000 |
|
Andrew Scott |
7,857,142 |
49,512,131 |
1.19% |
40,000,000 |
|
Mike Parker |
5,857,142 |
26,815,504 |
0.65% |
- |
|
Chris Gibbs |
3,428,571 |
11,575,954 |
0.28% |
12,694,712 |
|
Total |
34,285,712 |
|
|
|
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 42,912,786 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 16 November 2026. The 42,912,786 new Ordinary Shares will rank pari passu with the existing Ordinary Shares. Upon Admission, ECR's issued ordinary share capital will comprise 4,150,831,752 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:
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ECR Minerals plc |
Tel: +44 (0) 20 8080 8176 |
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Nick Tulloch, Chairman Andrew Scott, Director |
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Website: www.ecrminerals.com |
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Allenby Capital Limited |
Tel: +44 (0) 203 328 5656 |
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Nominated Adviser and Joint Broker Alex Brearley / Nick Naylor / Vivek Bhardwaj (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking) |
|
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Corporate Broking Partners Limited Joint Broker Jerry Keen / Robert Bell
|
Tel: +44 (0) 203 328 5656 |
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Axis Capital Markets Limited |
Tel: +44 (0) 203 026 0320 |
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Joint Broker |
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Lewis Jones |
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SI Capital Ltd |
Tel: +44 (0) 1483 413500 |
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Joint Broker |
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Nick Emerson |
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Spire by St Brides |
Tel: +44 (0) 20 7236 1177 |
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Public & Investor Relations |
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Alan Green |
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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. 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.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
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2 |
Reason for the notification |
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a) |
Position/status |
See above
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
ECR Minerals plc |
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b) |
LEI |
213800PBXY96KXHISJ17 |
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4
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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 |
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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 |
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b) |
Nature of the transaction |
Issue of new Ordinary Shares in lieu of salary |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information: - Aggregated volume - Price |
N/A |
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e) |
Date of the transaction |
9 November 2026 |
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f) |
Place of the transaction |
Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
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2 |
Reason for the notification |
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a) |
Position/status |
See above
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
ECR Minerals plc |
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b) |
LEI |
213800PBXY96KXHISJ17 |
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4
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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 |
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b) |
Nature of the transaction |
Grant of options over new Ordinary Shares
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information: - Aggregated volume - Price |
N/A |
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e) |
Date of the transaction |
9 November 2026 |
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f) |
Place of the transaction |
Outside a trading venue |
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