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Hot Rocks Investments plc: Positive Portfolio...
Hot Rocks Investments plc reports positive portfolio developments, notably its 5,100,000 ordinary shares and 7,500,000 warrants in Mendell Helium plc, which is progressing with new helium production wells and seeking AIM admission. Hot Rocks has increased its equity in Sunshine Gold Capital Pty Ltd to 49% following capital investment, securing an additional 629km2 of exploration tenements in Western Australia, with potential to expand to 887km2. New investments include US$25,000 in Central Gold Limited, £25,000 in Futuro Resources Limited, and participation in Cobra Resources plc's £4.5 million fundraise, acquiring 502,099 shares and 251,049 warrants. Disclaimer*
About this update from Hot Rocks Investments Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nHot Rocks Investments plc (HRIP)\n\n\n\n\n\n\nHot Rocks Investments plc: Positive Portfolio Updates 07-Apr-2026 / 07:00 GMT/BST\n\n\n7 April 2026\n\nHOT ROCKS INVESTMENTS PLC\n\n(the \"Company\" or “Hot Rocks”)\n\nPositive Portfolio Updates\n\nThe Company is pleased to report positive developments within the Company’s portfolio of interests.\n\nMendell Helium plc (“Mendell”) (AQSE:MDH)\n\nThe Company holds 5,100,000 ordinary shares in Mendell and notes its recent share price movements having traded above 6p per share. Hot Rocks also holds 7,500,000 warrants - half of which are exercisable at 4p per new Mendell ordinary share and half at 6p per new Mendell ordinary share.\n\nMendell has provided regular newsflow to the market in recent weeks including general operations updates, updates on new helium production wells at Fort Dodge and most recently an agreement with Ritchie Exploration to re-complete the Schneweis Ventures 13A well in the Fort Dodge region of Kansas, USA, a well located around four miles south of Rost 1-26 well.\n\nMendell announced 31 March 2026 updated plans regarding seeking admission to trading of its ordinary shares on the AIM market together with an update on drilling the Rost twin well.\n\nSunshine Gold Capital Pty Ltd (“Sunshine Gold”)\n\nWe are pleased to report positive developments for Sunshine Gold (Dexter Gold Project):\n\nHot Rocks has provided capital to Sunshine Gold in order that it can secure additional exploration tenements, build out the management team including appointing a CEO, acquire and implement the required technology systems, cover the costs in relation to native title clearance, commence the gold exploration programme at the Dexter project and plan for an IPO.\n\nHot Rocks has, as a result, increased its equity position in Sunshine Gold from 25% to 49%.\n\nOn 26th March 2026, Sunshine Gold was granted their third tenement (E 39/2561) providing a total land holding of 629km2 with key exploration tenements between two of the largest gold mines in Western Australia: Tropicana c.10Moz gold and Gruyere c.8Moz gold. \n\nThe third tenement expands the company’s exploration potential with one of Australia’s largest coherent gold-in-soil anomalies of a total of 66km.\n\n \n\nFollowing a review of exploration data Sunshine Gold h...