Tillkännagivande • 6h
Galileo Resources Plc announced that it expects to receive £0.6 million in funding from Sanderson Capital Partners Limited Galileo Resources Plc entered into an agreement and announced a standby facility of private placement of unsecured convertible loan funding facility to raise gross proceeds of £600,000 on May 11, 2026. The transaction involves participation from new investor Sanderson Capital Partners Ltd. The Loan is convertible on fixed conversion terms at a price of £0.01 per share over three tranches. The Loan is interest free and can be drawdown in its first tranche of £200,000 from 18 May 2026 or within 6 months of 18 May 2026, second tranche of £200,000 to be drawn down from 30 July 2026 or within 6 months of 30 July 2026 and third tranche of £200,000 to be drawn down from 15 October 2026 or within 6 months of 15 October 2026. Unless otherwise converted, the Company must repay each Loan Tranche on the first anniversary (being 12 months) of the advance by the Lender of the applicable Loan Tranche for each Tranche. The Company may repay the whole or part of the facility on any day prior to the Maturity Date for a Loan Tranche upon giving not less than 14 days' prior written notice to the Lender and paying in cash a prepayment fee of 5% of the amount which the borrower prepays in cash before the maturity date. The Lender can during the 14 days' notice period make an election for all or part of the Loan subject to a prepayment notice to be repaid in Shares at the Conversion Price in which case the 5% fee shall not apply to that proportion of the Loan repaid in Shares. The lender may at any time during the facility period elect to convert all or part of any drawn down amount into such number of new Galileo Ordinary Shares of £0.001 each equal to the amount of the loan tranche that is to be repaid at the date of the election, divided by the agreed and fixed conversion price for the relevant loan tranche. The conversion price per Share for loan tranche 1, 2 and 3 is £0.01. The closing share price on May 8, 2026 the latest practicable date prior to this announcement was £0.00775 per Share. The Company may at any time during the Loan period elect to convert all or part of a Loan tranche if the Share price exceeds £0.014 for a period of five or more business days. The Borrower will inform the lender prior to selling any of the conversion shares in the Lender within 3 months of conversion. The lender shall be paid an initial arrangement fee of 7% of the amount of the facility to be settled by the issue of 5,419,355 new Shares credited as fully paid at an issue price of £0.00775 per Share (being the lower of the five day VWAP of £0.00778 on the date of signing the facility and £0.00775 per Share). The lender has confirmed that neither the lender nor its associates will short sell the Company's Shares from the date of the facility agreement until the later of six months from loan tranche three drawdown date; and the repayment of the loan. On the drawdown of any Loan tranche, the lender shall be issued three-year warrants over Shares with a face value at the warrant exercise price equal to 50% of the amount drawn down under the Loan tranche. The exercise price for the warrants applicable to each of the tranche is £0.0125. Tillkännagivande • Mar 03
Galileo Resources Plc Provides Update on Drill Targeting at Ferber Property, Nevada Galileo Resources Plc Phase 1 exploration and data integration programme has generated a number of priority drill targets at its' 100% owned Ferber Property under the terms of a Royalty and Exploration Agreement ("the Agreement") with Bronco Creek Exploration Inc. ("BCE"), a wholly-owned subsidiary of Elemental Royalty Corporation. Highlights: The BCE team has compiled a Targeting Report setting out a series of priority drill targets at the Ferber project as envisaged under the terms of the Agreement with Galileo and in return Galileo will grant a 0.33% perpetual NSR Royalty. The targets were generated through new mapping, geochemical and geophysical programmes on the ground integrated with an extensive historic database, leveraging BCE's wide experience over mineral deposits in the Nevada- Utah region. Mapping and rock dating at Ferber has identified Eocene igneous rocks associated with the mineralising hydrothermal system, analogous in age to the large historic Battle Mountain deposit complex and the Carlin gold trend deposits in Nevada. Four target areas have been selected focussed on skarn-hosted and porphyry-type mineralisation over a 20 square kilometre area, dividend into two priority categories. The proposed Reconnaissance Drilling programme incorporates over 3,000m of core drilling in up to eight holes testing high and medium priority targets. Historic drill intercepts included 12.2m @ 0.83% Cu and 10.7m @ 0.53g/t Au, while periodic mining included the Martha Washington mine where production was reported to average 6% Cu, 16% Pb and 14 oz/ton Ag. The Company will now initiate the process of permitting, logistical preparation and obtaining quotes from suitable contractors with the aim of commencing drilling in the first half of 2026. The Property, located 40 kilometres south of Wendover in Elko County, Nevada, comprises a series of patented and unpatented claims covering an area of about 30 square kilometres. The Ferber District consists of a multi-phase Eocene igneous complex intruding Pennsylvania-Permian age carbonates. The limestone units are domed around the intrusive.ble and skarn are developed at the margin of the intrusive complex. The sedimentary and intrusive rock is cut by faults of various orientations. Polymetallic mineralisation occurs as c ontact skarn and replacement in limestone and the intrusive. possible structurally controlled sediment hosted gold deposits are present, as well as a porphyry base metals/gold target. Copper-lead-silver-gold deposits were discovered in the area in the 1880s. Ore was shipped from the Martha Washington, Big Chief, Regent and other small mines intermittently over the years. Limited production figures for the mines list 97,878 pounds copper, 192,613 pounds lead, 11,851 ounces silver. Cordex Exploration, Royal Gold and FMC Corporation have conducted exploration in the area since 1980s-1990s. Numerous surface samples have been collected during historic exploration along with limited, mostly shallow, drilling. Reported drill intercepts include 2.37g/t Au over 4.6m and 0.53g/t gold over 10.7m as well as 0.83% Cu over 12.2m. Individual grab samples collected by Galileo from old workings and dumps have ranged up to 10.8g/t Au, 674g/t Ag, 4.19% Cu, 8.71% Pb and 7.62% Zn. In addition, assaying for a limited range of other elements has shown anomalous levels of bismuth and arsenic which are on the US list of critical minerals. Technical Sign-Off Technical information in this announcement has been reviewed by Edward (Ed) Slowey, BSc, PGeo, Technical Director of Galileo. Mr. Slowey is a geologist with more than 40 years' relevant experience in mineral exploration and mining, a founder of the Institute of Geologists of Ireland and is a Qualified Person under the AIM rules. Mr. Slowey has reviewed and approved this announcement. Slowey has reviewed and approve this announcement. Tillkännagivande • Dec 07
Galileo Resources plc Reports Commencement of Drilling At the Molefe Project Galileo Resources Plc reported completion of the planned Phase 1 exploration programme aimed at delineating priority drill targets at its' 100% owned Ferber Property under the terms of a Royalty and Exploration Agreement with Bronco Creek Exploration Inc., a wholly-owned subsidiary of Elemental Royalty Corporation. Work completed as part of the Phase 1 Target Generation programme include mapping over a total area of approximately 70km, with collection of 109 rock grab samples for assay. Following discovery of mineralised workings and bedrock alteration west of the existing claim holding, a further 89 claims were staked to extend the property. A soil sampling programme was carried out traversing the property and analytical results are to be collated. Completion of a ground gravity survey highlighted major structures and potential drill targets. Further historic data was obtained, including full airborne and ground magnetic coverage, IP survey results and additional drill data. New data generated by the Phase 1 Galileo/BCE work will be integrated with the historic exploration information and modelled to develop Phase 2 priority Reconnaissance Drilling targets in line with the agreement between the companies. Once Phase 1 data integration is completed BCE will provide Galileo with a final data compilation and a Targeting Report and in return Galileo will grant a 0.33% perpetual NSR Royalty. The Phase 2 Reconnaissance Drilling program is anticipated in the first half of 2026, as soon as weather, permitting, and drill availability allow. Tillkännagivande • Oct 06
Galileo Resources Plc, Annual General Meeting, Oct 28, 2025 Galileo Resources Plc, Annual General Meeting, Oct 28, 2025. Location: druces llp, sixth floor, 99 gresham street, ec2v 7ng, london United Kingdom New Risk • Sep 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (75% average weekly change). High level of non-cash earnings (27% accrual ratio). Revenue is less than US$1m (UK£301k revenue, or US$407k). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€13.5m market cap, or US$15.9m). Tillkännagivande • Sep 18
Galileo Resources Plc has completed a Follow-on Equity Offering in the amount of £1.7 million. Galileo Resources Plc has completed a Follow-on Equity Offering in the amount of £1.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 212,500,000
Price\Range: £0.008
Transaction Features: Subsequent Direct Listing 