Business
Acquisition of Namibia Uranium and £1.7m Placing
Arkle Resources PLC has announced the acquisition of an 85% interest in Namibia Uranium Pty Ltd for £2.032 million, alongside an over-subscribed placing and subscription raising £1.7 million through the issuance of 425,000,000 ordinary shares at 0.4p each. The acquired licenses are adjacent to major uranium deposits in Namibia, with recent sampling confirming uranium presence up to 3,855 ppm U3O8. The funds raised will finance a 2026 exploration program including geophysics and 4,000 meters of drilling, and the company has appointed Rory Harding as Interim-CEO, Robin Birchall as Non-Executive Director, and Mark Burnett as Strategic Adviser. Disclaimer*
About this update from Arkle Resources Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596/2014 (AS AMENDED) AS IT FORMS PART OF THE DOMESTIC LAW OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED). UPON PUBLICATION OF THIS ANNOUNCMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n29 January 2026\nArkle Resources PLC\n(\"Arkle\" or the \"Company\")\n \nAcquisition of Namibia Uranium Pty Ltd\nOver-Subscribed Placing and Subscription to raise £1.7 million\nAppointment of New Directors\n \nArkle (AIM: ARK) is pleased to announce the acquisition of an 85% interest in Namibia Uranium Pty Ltd (\"Namibia Uranium\") for a total consideration of £2.032 million (the \"Acquisition\"), payable through a combination of cash and new ordinary shares, and a placing and subscription to raise £1.7 million through the issue of 425,000,000 ordinary shares of €0.0025 each (\"Ordinary Shares\") (\"Fundraise Shares\") at price of 0.4p per ordinary share (\"Issue Price\") (the \"Fundraise\"). The Fundraise was significantly over-subscribed.\n \nThe Fundraise Shares comprise 323,750,000 Ordinary Shares (\"Placing Shares\") issued pursuant to the placing (the \"Placing\") and 101,250,000 Ordinary Shares (\"Subscription Shares\") issued pursuant to the subscription (the \"Subscription\").\n \nKey Highlights\n· Acquisition of Namibia Uranium which holds four Exclusive Prospecting Licences (\"EPLs\") in the Erongo Region of Namibia\n· EPLs are adjacent to three major uranium deposits, Trekkopje, Marenica and Rossing\n· Recent processing and interpretation of regional airborne radiometric data undertaken by Namibia Uranium identified significant uranium anomalies on all four EPLs, which have been sampled in 2025 confirming uranium at surface up to 3,855 parts per million (\"ppm\") U3O8\n· Arkle believes the beginning of a sustained global nuclear expansion cycle is underway, and both uranium spot market and long-term contract prices will remain robust\n· Namibia is a recognised tier-one supplier to global utilities and the world's third largest uranium producer\n· The transaction positions the Company as a strong platform for uranium exploration and devel...