17 September 2026
Anglesey Mining plc
("Anglesey" or the "Company")
Anglesey Reports on a Transformative 2026 Fiscal Year
Anglesey Mining plc (AIM: AYM), the UK-based mineral exploration and development
company focused on advancing its 100%-owned Parys Mountain Project on the Isle
of Anglesey, North Wales, is pleased to announce its audited results for the
year ended 31 March 2026 and the date of its forthcoming Annual General Meeting
("AGM").
The Annual Report and Accounts, which include the Notice of Annual General
Meeting ("AGM"), will be made available on the Company's website.
The AGM will be held at the offices of Arch Law Limited, Huckletree Floor 2, 8
Bishopsgate, London EC2N 4BQ at 11.00 a.m. on Wednesday 21 October 2026.
Key Highlights from the Financial Year:
· 100% focus on the Company's sole asset, the Parys Mountain polymetallic
project.
· 100% elimination of the Company's debt.
· The Company is 100% restructured and recapitalised.
· Successful initial fundraising in March 2026 to initiate a planned and
systematic work programme.
· New Board of Directors and Management Team, with proven track records within
the exploration, mining and metallurgical sectors.
Chairman's Statement
The year ended 31 March 2026 marked a significant period of change for Anglesey.
Following the restructuring completed during the year, Anglesey's sole focus is
now the advancement of the 100%-owned Parys Mountain Project. The project
represents the United Kingdom's largest and most advanced undeveloped
polymetallic mineral resource, containing copper, zinc, lead, silver and gold
within a volcanogenic massive sulphide ("VMS") system.
The strategic importance of these metals continues to grow, as in recent times,
successive UK Government initiatives have highlighted the importance of
strengthening domestic capability in the supply of critical and strategically
important minerals. Against this backdrop, Parys Mountain represents a rare
opportunity to advance a substantial UK mineral project with an established
resource base, long-standing planning permissions associated with historic mine
development and significant potential for future expansion.
During the year, the Company completed a significant restructuring of its
balance sheet. Approximately £3.6 million of principal debt was eliminated, and
the Company's interests in the Grängesberg iron ore project in Sweden and
Labrador Iron Mines Holdings Limited were disposed of, simplifying the corporate
structure and enabling the Company to concentrate its resources on the Parys
Mountain asset.
Following approval by shareholders in February 2026, the Company's share capital
was reorganised, restoring greater flexibility to access equity capital. On 9
March 2026, a placing and subscription raised gross proceeds of £679,500.
Following the year-end, the Board was substantially restructured as Jim Williams
was appointed as Executive Chairman, Andrew Fulton became the new Chief
Executive Officer and both Martin Wood and Taj Singh joined as independent Non
-Executive Directors.
The financial year ending March 2026 was therefore a year in which Anglesey
simplified its corporate structure and reset the business. From April 2026
onwards, the Company has been focused on systematically advancing Parys Mountain
through modern technical work, disciplined governance and focused investment.
Operational Strategic Report
The year ended 31 March 2026 was transformational for Anglesey Mining. Through
the completion of the balance sheet restructuring and disposal of its non-core
overseas interests, the Company's strategic focus moved solely to advancing
Parys Mountain.
Following the year-end, Anglesey strengthened its technical capability through
the appointment of a Principal Geologist and an Exploration Geologist, both of
whom are now actively engaged on site.
The initial focus for the geologists is to consolidate and enhance the
geological and technical understanding of Parys Mountain by integrating
historical drilling, underground records, assay data and recent geophysical
surveys into an integrated geological and technical model.
This work supports the Company's three strategic pathways:
· Develop the Mine: progressing mine planning, engineering studies, metallurgy
and mining optimisation, supported by an increasingly integrated geological and
technical understanding of the project.
· Grow the Resource: increasing geological confidence, supporting future
Mineral Resource Estimate updates and evaluating opportunities to extend known
mineralisation.
· Discover the District: identifying and prioritising new exploration
opportunities across the wider Parys Mountain mineral system through the
integration of historical information, geospatial analysis and modern
geophysical techniques.
Together, these activities are intended to progressively reduce technical
uncertainty, increase project confidence and support the long-term development
of Parys Mountain.
Planning and Permitting
The Company continues to progress the planning and environmental permitting
required to support the future development of Parys Mountain.
The December 2024 Scoping Opinion from the Isle of Anglesey County Council
established a framework for preparation of the Environmental Statement. The
Company's planning and environmental consultants continue to coordinate this
programme, including the required technical studies, stakeholder engagement and
liaison with relevant regulatory authorities.
The objective is to secure a modern planning consent reflecting the proposed
mine design and current environmental and regulatory standards. Once secured, it
is intended that the new consent will supersede the historic planning
permissions that have supported the project to date.
Planning and permitting remain a key strategic priority and are progressing
alongside the technical and engineering workstreams supporting the future
development of Parys Mountain.
Financial Results and Position
As the Group remains in the exploration and development stage, it does not
currently generate operating revenues.
The Group reported a profit after tax for the year ended 31 March 2026 of £2.08
million, compared with a loss of £0.66 million in the previous year. The result
principally reflects a £2.92 million gain arising from the balance sheet
restructuring completed during the year.
Total comprehensive income for the year was £2.16 million, compared with a total
comprehensive loss of £0.83 million in the previous year.
Administrative and other costs, excluding investment income and finance charges,
were £505,848 compared with £450,086 in the previous year, reflecting costs
associated with the transition and strategic repositioning of the Group,
including financing and governance activities.
At 31 March 2026:
· cash and cash equivalents were £629,594 (2025: £44,264);
· mineral property exploration and evaluation assets had a carrying value of
£17.1 million (2025: £17.0 million);
· total net assets were £17.63 million (2025: £14.27 million); and
· Group loans had reduced to £110,000, compared with £4.05 million at 31 March
2025.
The Directors considered the carrying value of the Parys Mountain exploration
and evaluation assets and concluded that there were no indicators of impairment
at the reporting date.
Outlook
Following the simplification of the Group's corporate structure and renewed
focus on Parys Mountain, the Board's priority is to advance one of the United
Kingdom's most significant undeveloped polymetallic mineral assets through a
disciplined, phased programme of technical and commercial development.
Over the coming year, the Company will follow the principal strategic pathways
as outlined above.
By supporting these pathways, the Company will continue its environmental,
planning, permitting and stakeholder engagement activities and maintain
disciplined financial management and capital allocation.
The Board believes that Parys Mountain is well positioned to support the United
Kingdom's ambition to strengthen the security of supply of critical and
strategically important minerals. The UK Government's Critical Minerals Strategy
identifies zinc as a Critical Mineral and copper as a Growth Mineral,
recognising their importance to industrial resilience, electrification,
renewable energy infrastructure and future economic growth.
Against this backdrop, Parys Mountain represents an opportunity to develop a
secure domestic source of copper, zinc, lead, silver and gold while creating
skilled employment, strengthening regional supply chains and delivering long
-term economic benefits to North Wales and the wider United Kingdom.
While significant technical, regulatory and financing milestones remain to be
achieved before any development decision can be taken, the Board believes that
the combination of an established resource base, substantial exploration upside
and a focused development strategy provide a strong platform for creating long
-term value for shareholders and other stakeholders.
Annual Report and AGM
The full Annual Report and Accounts for the year ended 31 March 2026, which
include the Notice of AGM, will be available on the Company's website at:
https://www.angleseymining.co.uk/wp-content/uploads/2026/09/ANRP26.pdf
The AGM will be held at 11.00 a.m. on Wednesday 21 October 2026 at the offices
of Arch Law Limited, Huckletree Floor 2, 8 Bishopsgate, London EC2N 4BQ.
-Ends-
For further information, please contact:
Anglesey Mining plc (via Yellow Jersey PR Limited)
Jim Williams, Executive Chairman
Andrew Fulton, CEO
angleseymining@yellowjerseypr.com
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy/Daragh O'Reilly
Tel: +353 1 679 6363
AlbR Capital Limited
Joint Corporate Broker
Lucy Williams/Duncan Vasey
Tel: + 44 (0)20 7562 0930
Yellow Jersey PR Limited
Financial & Media Relations
Dominic Barretto/Shivantha Thambirajah
Tel: +44 (0)20 3004 9512
About Anglesey Mining plc:
Anglesey is advancing the UK's largest polymetallic VMS project at the 100%
owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales.
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