Board Changes, Issue of Equity and TVR

Jangada Mines PLC

20 March 2026

 

Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining

20 March 2026

Jangada Mines plc ('Jangada' or the 'Company')

Board Changes, Issue of Equity and TVR

Jangada Mines plc (AIM: JAN), a Brazil-focused natural resource development company, is pleased to announce the appointment of Mr Heinrich Müller and Mr Luis Felipe Azevedo to the Board as Non-Executive Directors ("NEDs") with immediate effect.

Mr Luis Azevedo has stepped down from the Board with immediate effect to focus on his role as Chairman and CEO of TSX-listed Bravo Mining Corp. Luis' son, Luis Felipe Azevedo, an established businessman, has been appointed to the Board as a Brazil-based executive and as a representative of Luis' ownership interest in the Company.  Mr Azevedo will continue to act as an adviser to the Company and intends to retain his existing shareholding in the Company.  Mr Müller brings extensive geological and mining experience, which will further strengthen the Company's in-country team as it advances its project portfolio, including its work at the Molly Gold Project and the Paranaita Gold Project.

Mr Heinrich Müller

Mr Heinrich Müller is a mining executive and professional geologist with extensive experience across the resources value chain. He has held senior operational, leadership and consulting roles across South America, Southern Africa, Europe and North America, working with both private and publicly listed mining companies.

Mr Müller has led and contributed to multidisciplinary teams delivering a broad range of projects, including greenfields and advanced-stage resource developments, feasibility studies, open-pit mine commissioning and operational production management. His previous roles include Managing Director of Anglo Platinum Brazil and Managing Director of Pedra Branca Minerals, a joint venture co-owned by Anglo American and Solitario Zinc (NYSE and TSX listed).  From 2017 - 2019, Mr Müller was the COO of Jangada and assisted in the initial development and then ultimate sale of the Pedra Branca project, which the Company had acquired previously. He is currently Vice President, Technical, at Bravo Mining Corp., a TSX-listed PGM-Ni development company.   Mr. Müller is the founder and director of Axies Ventures Ltd, which was responsible for the Kokkinoantonis copper discovery in Cyprus.

Mr Müller has extensive experience operating in complex, multi-cultural environments and is fluent in English, Portuguese and Afrikaans.  He has a strong understanding of mineral economics and executive-level management, including finance, legal and risk management, governance, ESG and human capital management. He has a BSc of Geology and Earth Science from Stellenbosch University and PGC for Minerals Processing Characterisation and Technology from Universidade de São Paulo.

Luis Felipe Azevedo

Mr Luis Felipe is a Brazil-focused businessman and entrepreneur with extensive experience in corporate leadership, governance, and administration across both listed and private companies, with a particular emphasis on the mining sector.

He is currently Managing Director of Smart Lithium Resources LTDA, a greenfield and brownfield exploration company in Brazil, which has assembled a portfolio of 167 mining rights covering approximately 180,000 hectares across five states and four lithium-producing provinces. In addition, he serves as Corporate Secretary (Brazil) for Bravo Mining Corp.

Mr. Felipe brings substantial operational expertise in the design and execution of exploration programs, providing full-cycle support from contractor tendering and mobilization through to drilling execution, sampling logistics, reporting, governance, landowner engagement, permitting, and HSE/ESG compliance.

He is fluent in both Portuguese and English.

Brian McMaster, Chairman of Jangada Mines, commented: "I would like to thank Luis for his significant contribution to the development of Jangada Mines over the years. He will remain a close friend, a trusted advisor to the Board and a major shareholder, and we wish him every success as he focuses on the development of Bravo Mining."

"We are delighted to welcome back Heinrich, a highly experienced mining executive with an excellent track record in Brazil. We also welcome Luis Felipe, who will support project development and act as a representative of Luis, who continues to be a supportive and significant shareholder in the Company."

"Both Heinrich and Luis Felipe will advise on advancing the shallow, high-grade Molly Gold Project and the Paranaita Gold Project, where work is progressing on both. They will also assist in delivering our corporate strategy of building a Brazilian gold-focused resource development company by acquiring and advancing projects that meet our investment criteria, namely data-rich, shallow, low-CAPEX opportunities located in proven mining jurisdictions and capable of being progressed efficiently towards production."

Regulatory Disclosures (as required by Schedule 2(g) of the AIM Rules)

The following details are disclosed regarding Peter Heinrich Müller, aged 38:

Current directorships and partnerships:	Past directorships within the last five years:
Geminas Consulting (Pty) Ltd Geminas Consultoria Ltda Axies Ventures Ltd	Bosveld Properties (Pty) Ltd Kudu Exploration (Pty) Ltd Patience Andalusite (Pty) Ltd Marekele Home Owners Association

There is no further information required to be disclosed under Schedule 2(g) of the AIM Rules for Companies.

The following details are disclosed regarding Luis Felipe Azevedo, aged 28:

Current directorships and partnerships:	Past directorships within the last five years:
Helios Mineração S.A LFA Consultoria E Serviços LTDA FFA Legal LTDA Alderan Mineração LTDA Five Star Mineração LTDA MT Gold Mineração LTDA PL3 Brazil Mineração LTDA Prime II Mineração LTDA São Gabriel Mineração LTDA Smart Lithium Resources LTDA VCA Locações E Serviços LTDA BGold Mineração LTDA	FFA Mining Learning LTDA

There is no further information required to be disclosed under Schedule 2(g) of the AIM Rules for Companies.

Issue of Shares under Incentive Arrangements:

The Board of Directors of the Company (the "Board") announces that it has resolved to issue 2,000,000 new ordinary shares to each of the newly appointed non-executive directors of the Company.

In addition, the Board has resolved to issue 2,000,000 new ordinary shares to each of Nicholas von Schirnding and Hugo de Salis, being existing non-executive directors of the Company, in lieu of cash bonuses for the progress the Company has made this year in respect of developing and advancing its gold portfolio.

Furthermore, the Board announces the issue of 7,000,000 new ordinary shares to Luis Azevedo, in recognition of his contribution to the Company over the period since inception of the Company, and again in lieu of a cash bonus for the progress the Company has made this year.

In aggregate, a total of 15,000,000 new ordinary shares will therefore be issued to the abovementioned directors, and former director. The new ordinary shares issued are subject to a lock-in period of six months.

Related party transaction

The issue of the new ordinary shares to the abovementioned directors, and former director is deemed a related party transaction pursuant to the AIM Rules, Brian McMaster, being the director independent of the award, considers, that the terms of the award are fair and reasonable in so far as Shareholders are concerned.

Admission and Total Voting Rights

The 15,000,000 new ordinary shares will rank pari passu in all respects with the existing Ordinary Shares. Application has been made for the admission of these 15,000,000 new ordinary shares to trading on AIM ("Admission"), and it is expected that Admission will become effective and that dealings in such New Shares on AIM will commence on or around 8.00 a.m. on 27 March 2026.

Following Admission, the Company's issued share capital will consist of 843,113,933 Ordinary Shares, each with one voting right. As the Company does not hold any shares in treasury, 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 share capital of the Company following Admission under the FCA's Disclosure Guidance and Transparency Rules.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

ENDS

For further information please visit www.jangadamines.com or contact:

Hugo de Salis	Jangada Mines plc	[e-mail]
Ritchie Balmer James Spinney Harry Hiley	Strand Hanson Limited Nominated & Financial Adviser	Tel: [phone]
Jonathan Evans	Tavira Financial Ltd Broker	Tel: [phone]

About Jangada Mines Plc

Jangada is a natural resource development company listed on AIM of the London Stock Exchange (AIM:JAN) with assets in Brazil. It is led by a team with deep industry, financial and in-country experience, and has a dual growth strategy to:

·    Advance its portfolio projects including the high-grade Molly Gold Project, the Paranaíta Gold Project and the 100%-owned Pitombeiras vanadium titanomagnetite Project

·    Utilise its proven in-country and geological expertise to identify/acquire additional projects that it can rapidly advance to build value for shareholders.

PDMR Dealing:

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	i.          Heinrich Muller ii.          Luis Felipe Azevedo iii.         Nicholas von Schirnding iv.         Hugo de Salis
2.	Reason for the notification
a)	Position/status:	i.          Non-Executive Director ii.          Non-Executive Director iii.         Non-Executive Director iv.         Non-Executive Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Jangada Mines plc
b)	LEI:	213800LTGB12E32IN691
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 £0.0004 each ISIN: GB00BZ11WQ61
b)	Nature of the transaction:	Award of new ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) i.          Nil 2,000,000 ii.          Nil 2,000,000 iii.         Nil 2,000,000 iv.         Nil 2,000,000
d)	Aggregated information: Aggregated volume: Price:	Price(s) Volume(s) Nil 8,000,000
e)	Date of the transaction:	20 March 2026
f)	Place of the transaction:	Outside a trading venue

 

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