Announcement • Jan 27
Ajax Resources Plc has filed a Follow-on Equity Offering in the amount of £1 million. Ajax Resources Plc has filed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,500,000
Price\Range: £0.08
Transaction Features: Subsequent Direct Listing Announcement • Dec 17
Ajax Resources Plc has completed a Follow-on Equity Offering in the amount of £1 million. Ajax Resources Plc has completed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,181,818
Price\Range: £0.055
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,090,909
Price\Range: £0.055
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,909,091
Price\Range: £0.055 Announcement • Dec 12
Ajax Resources Plc (OFEX:AJAX) signed a letter of intent to acquire Pereira Velho Gold Project from Appian Capital Advisory LLP. Ajax Resources Plc (OFEX:AJAX) signed a letter of intent to acquire Pereira Velho Gold Project from Appian Capital Advisory LLP on December 11, 2025. Ajax will acquire 100% of Pereira Velho Gold Project for a total consideration of up $2.1 million not subject to adjustment, comprising an upfront payment at Completion together with additional milestone-linked consideration.$0.2 million in cash at Completion; $0.4 million set off against the Seller's obligation to subscribe for new Ordinary Shares under the Fundraise, with such Ordinary Shares to be issued upon Completion ; $1.5 million satisfied through the issue of new Ordinary Shares calculated using the previous 10-trading day VWAP following publication of a JORC-compliant resource statement outlining a measured, indicated and inferred resource of not less than 350,000 ounces of gold at a 0.20 g/t Au cut-off grade. A 2.5% Net Smelter Retun royalty, payable after any two consecutive fiscal quarters with an average LBMA Gold Price PM above $2,500/oz. The Company may repurchase the NSR for $1.5 million within three years of commencement of production. All new Ordinary Shares issued to the Seller will rank pari passu with existing Ordinary Shares. These Ordinary Shares will be allotted at completion of the Proposed Acquisition, and the subscription amount will be offset against the Consideration payable in connection with the Proposed Acquisition. The Company intends to undertake a fundraise to raise up to £1 million in gross proceeds through the issue of new Ordinary Shares. The issue price for the new Ordinary Shares under the fundraise will also be applied to Appian's subscription. Proceeds from the Fundraise will be applied to advance the Pereira Velho Project, progress other acquisition opportunities under review by the Company, and provide additional general working capital.
The parties will negotiate in good faith to sign and exchange the Share purchase agreement on or before January 16, 2026 and complete the transaction on or before January 30, 2026. Announcement • Jul 28
Ajax Resources Plc has completed a Follow-on Equity Offering in the amount of £1.2 million. Ajax Resources Plc has completed a Follow-on Equity Offering in the amount of £1.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: £0.04
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,444,444
Price\Range: £0.045 Announcement • Jul 18
Ajax Resources Plc, Annual General Meeting, Aug 26, 2025 Ajax Resources Plc, Annual General Meeting, Aug 26, 2025. Location: the offices of allenby capital limited, the companys financial adviser, 5 st helens place, ec3a 6ab, london United Kingdom Announcement • Jun 18
Ajax Resources Plc has completed a Follow-on Equity Offering in the amount of £1 million. Ajax Resources Plc has completed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: £0.04 Announcement • Jun 05
Ajax Resources Update on AQSE Admission & Cancellation of Listing Ajax Resources Plc provided an update on the Company's proposed admission to trading of its ordinary shares of 1 pence each ("Ordinary Shares") to the Aquis Stock Exchange Growth Market Access Category ("AQSE") and the proposed cancellation of the admission of its Ordinary Shares from the Equity Shares (Shell Companies) category of the Official List and to trading on the Main Market of the London Stock Exchange. The Company now expects cancellation under Rule 21.2.17 of the FCA's UK Listing Rules to take place at 08:00 BST on 18 June 2025, with admission to trading on AQSE to occur concurrently. Announcement • May 22
Ajax Resources Plc (LSE:AJAX) completed the acquisition of Puna Metals SA from Bezant Resources Plc (AIM:BZT). Ajax Resources Plc (LSE:AJAX) agreed Heads of Terms to acquire Puna Metals SA from Bezant Resources Plc (AIM:BZT) for $0.22 million on February 25, 2025. Under the Heads of Terms, Ajax Resources has agreed terms, to be formalized by way of a share purchase agreement, to acquire 100% of Puna by way of an initial $0.12 million cash payment, with deferred consideration of an additional $0.1 million, to be satisfied through the issue of new ordinary shares of 1 pence each to Bezant. The deferred consideration element of the Acquisition will become payable on the admission to trading of the enlarged share capital of the Company to a recognized stock exchange or multilateral trading facility, with the value of the deferred consideration calculated by reference to a broader fundraising concurrently undertaken. The Acquisition would constitute an initial transaction under the FCA UK Listing Rules, and Ajax Resources has requested to the FCA that the listing of its Ordinary Shares on the FCA Official List be suspended. Ajax Resources Plc (LSE:AJAX) entered into a conditional share purchase agreement to acquire Puna Metals SA from Bezant Resources Plc (AIM:BZT) on April 15, 2025. Under the terms, Ajax Resources Plc will now pay $0.17 million in cash and a deferred consideration of $0.05 million. The transaction is subject to certain conditions precedent including confirmation of the Puna creditors post completion of the SPA. The Acquisition is due to complete on May 20, 2025. As of May 1, 2025, the transaction is expected to close on May 21, 2025.
Roland Cornish and Asia Szusciak of Beaumont Cornish Limited acted as financial advisor to Bezant Resources Plc. Nick Harriss and Daniel Dearden-Williams of Allenby Capital Limited acted as financial advisor to Ajax Resources Plc.
Ajax Resources Plc (LSE:AJAX) completed the acquisition of Puna Metals SA from Bezant Resources Plc (AIM:BZT) on May 21, 2025. Announcement • May 20
Ajax Resources Update on AQSE Admission & Cancellation of Listing Ajax Resources Plc provided an update on the Company's proposed admission to trading of its ordinary shares of 1 pence each ("Ordinary Shares") to the Aquis Stock Exchange Growth Market Access Category ("AQSE") and the proposed cancellation of the admission of its Ordinary Shares from the Equity Shares (Shell Companies) category of the Official List and to trading on the Main Market of the London Stock Exchange. As a result of the potential acquisition of the Minas La Escondida project (announced 15 May 2025) alongside the previously announced (16 April 2025) acquisition of the Eureka project, the Company now expects cancellation under Rule 21.2.17 of the FCA's UK Listing Rules to take place at 08:00 BST on 9 June 2025, with admission to trading on AQSE to occur concurrently. Announcement • May 02
Ajax Resources Plc (LSE:AJAX) completed the acquisition of Puna Metals SA from Bezant Resources Plc (AIM:BZT). Ajax Resources Plc (LSE:AJAX) agreed Heads of Terms to acquire Puna Metals SA from Bezant Resources Plc (AIM:BZT) for $0.22 million on February 25, 2025. Under the Heads of Terms, Ajax Resources has agreed terms, to be formalized by way of a share purchase agreement, to acquire 100% of Puna by way of an initial $0.12 million cash payment, with deferred consideration of an additional $0.1 million, to be satisfied through the issue of new ordinary shares of 1 pence each to Bezant. The deferred consideration element of the Acquisition will become payable on the admission to trading of the enlarged share capital of the Company to a recognized stock exchange or multilateral trading facility, with the value of the deferred consideration calculated by reference to a broader fundraising concurrently undertaken. The Acquisition would constitute an initial transaction under the FCA UK Listing Rules, and Ajax Resources has requested to the FCA that the listing of its Ordinary Shares on the FCA Official List be suspended. Ajax Resources Plc (LSE:AJAX) entered into a conditional share purchase agreement to acquire Puna Metals SA from Bezant Resources Plc (AIM:BZT) on April 15, 2025. Under the terms, Ajax Resources Plc will now pay $0.17 million in cash and a deferred consideration of $0.05 million. The transaction is subject to certain conditions precedent including confirmation of the Puna creditors post completion of the SPA. The Acquisition is due to complete on May 20, 2025.
Roland Cornish and Asia Szusciak of Beaumont Cornish Limited acted as financial advisor to Bezant Resources Plc. Nick Harriss and Daniel Dearden-Williams of Allenby Capital Limited acted as financial advisor to Ajax Resources Plc.
Ajax Resources Plc (LSE:AJAX) completed the acquisition of Puna Metals SA from Bezant Resources Plc (AIM:BZT) on May 1, 2025. Announcement • Feb 27
Ajax Resources Plc (LSE:AJAX) has agreed Heads of Terms to acquire Puna Metals SA from Bezant Resources Plc (AIM:BZT) for $0.22 million. Ajax Resources Plc (LSE:AJAX) has agreed Heads of Terms to acquire Puna Metals SA from Bezant Resources Plc (AIM:BZT) for $0.22 million on February 25, 2025. Under the Heads of Terms, Ajax Resources has agreed terms, to be formalised by way of a share purchase agreement, to acquire 100% of Puna by way of an initial $0.12 million cash payment, with deferred consideration of an additional $0.1 million, to be satisfied through the issue of new ordinary shares of 1 pence each to Bezant. The deferred consideration element of the Acquisition will become payable on the admission to trading of the enlarged share capital of the Company to a recognised stock exchange or multilateral trading facility, with the value of the deferred consideration calculated by reference to a broader fundraising concurrently undertaken. The Acquisition would constitute an initial transaction under the FCA UK Listing Rules, and Ajax Resources has requested to the FCA that the listing of its Ordinary Shares on the FCA Official List be suspended.
Roland Cornish and Asia Szusciak of Beaumont Cornish Limited acted as financial advisor for Bezant Resources Plc. Board Change • Jan 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non Executive Chairman Mike Hutchinson was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non Executive Chairman Mike Hutchinson was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non Executive Chairman Mike Hutchinson was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 30
Ajax Resources Plc Appoints Richard Heywood as Executive Director Ajax Resources Plc appointed Mr. Richard Heywood to the Board of the Company as an Executive Director, with a concentration on the successful identification of business development opportunities. Mr. Heywood has experience in metal trading and financial services, having previously worked at J O Hambro Capital Management Group (JOHCM), where his role involved assisting the leadership of the company. Prior to his work at JOHCM, Mr. Heywood enjoyed a successful military career, having commissioned into the Scots Guards as an officer in the British Army following training at the Royal Military Academy Sandhurst (RMAS), a world leading training military training establishment. He is currently engaged in commodities trading across East Africa. Announcement • Jul 25
Ajax Resources plc Announces Cessation of Luca Benedetto as Director Ajax Resources Plc announced that Luca Benedetto not standing for re-election at the AGM, he has ceased to be Director of the Company. Mr. Benedetto will retain his role as the Company's Chief Financial Officer on a part-time, non-board basis. Announcement • May 31
Ajax Resources Plc, Annual General Meeting, Jul 24, 2024 Ajax Resources Plc, Annual General Meeting, Jul 24, 2024. Location: the offices of allenby capital limited, the companys financial adviser, 5 st helens place, ec3a 6ab, london United Kingdom New Risk • Jan 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£1.97m market cap, or US$2.50m). Minor Risk Less than 3 years of financial data is available. Announcement • Aug 01
Ajax Resources Plc, Annual General Meeting, Aug 31, 2023 Ajax Resources Plc, Annual General Meeting, Aug 31, 2023, at 10:00 Coordinated Universal Time. Location: 5 St Helen's Place London United Kingdom New Risk • Jun 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported February 2022 fiscal period end). Revenue is less than US$1m. Market cap is less than US$10m (UK£3.40m market cap, or US$4.29m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Recent Insider Transactions • Feb 26
CEO & Director recently bought UK£143k worth of stock On the 23rd of February, Ippolito Cattaneo bought around 1m shares on-market at roughly UK£0.10 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ippolito has been a buyer over the last 12 months, purchasing a net total of UK£156k worth in shares. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
