Business
Interim Results
Switch Metals PLC announced its interim results for the six months ending June 30, 2025, highlighting its AIM admission in April and raising approximately £2 million at a post-money value of about £9 million. An exploration program was launched in May at the Issia Project's Badinikro Permit, covering 112 km2. Post-period, pitting and soil samples programs were completed in July and September, collecting over 400 tonnes of samples from 369 pits with a cumulative depth of 1,609 meters. The loss for the period was £1,003,432, representing a loss of 1.24 pence per share. Available cash as of June 30, 2025, was £1,274,342, with no debt. Exploration assets totaled £3,456,939, and trade and other payables amounted to £456,115. Disclaimer*
About this update from Switch Metals Plc
[{"type":"text","content":"\n\n30 September 2025\nSwitch Metals plc\n(\"Switch\" or the \"Company\")\nInterim Results for the six months to 30 June 2025\nSwitch Metals plc (LSE: SWT), the critical metals focused mining company with assets located in Côte d'Ivoire, is pleased to announce its unaudited interim results for the six months to 30 June 2025.\nHighlights\n· Admission to AIM in April\no Acquisition of Switch Metals Côte d'Ivoire Sarl (\"Switch CDI\")\no Renamed Switch Metals plc\no Raised c. £2 million at a post-money value of approximately £9m\n \n· Exploration programme launched in May at the 100% owned Badinikro Permit of the Issia Project\no Initial target areas form part of Permit PR0895 which covers an area of 112 km2 of the 1,015 km2 district-scale Issia Project\n \n· Post period end\no In July the Company completed the pitting and soil samples programme on the first of two Mineral Resources Estimate target areas on the Issia project covering 2.5 km2.\no In September the Company completed its second planned pitting and soil samples programme, covering an additional 1.3 km2.\no In total over 400 tonnes of samples have been collected on schedule and on budget from a total of 369 pits, for a cumulative total depth of 1,609 metres. Samples from these holes contain various quantities of heavy minerals, including tantalum.\nThe detailed report is set out below.\nKarl Akueson, CEO of Switch Metals, commented:\n\"Achieving a maiden Mineral Resource Estimate will pave the way for technical and economic studies and the subsequent application for a mining licence over the balance of 2026. Our objective remains to become a near term cash flow generating junior miner of critical metals. In this endeavour, we expect to be fully supported by one of Africa's most promising mining jurisdictions, Côte d'Ivoire. I look forward to providing further updates as we progress.\"\n\n\n \nFor further information, please contact:\n \n\n\n\n\nSwitch Metals plc\nKarl Akueson, CEO\nAndy Yeo, CFO\n \n\n\nVia IFC Advisory\n\n\n\n\nAllenby Capital Limited (Nominated Adviser & Joint Broker)\nCorporate Finance: Nick Harriss / James Reeve / Lauren Wright\nSales: Kelly Gardiner / Matt Butlin\n \n\n\n+44 (0) 203 328 5656\n\n\n\n\nOAK Securities (Lead Broker)\nJerry Keen, Head of Corpora...