Anglesey Mining plc has postponed today’s general meeting, where shareholders were due to vote on a £2 million funding and shares consolidation.
CHALLENGE
The meeting was due to open and immediately adjourn to allow discussions with “certain shareholders” on resolutions, before it reconvenes on 20 October 2025.
The £2m financing, if approved, is from Miami-based investment fund Alumni Capital Ltd.
In September, Anglesey said it faced a “significant challenge” over its working capital and uncertainty of the company as a going concern.
As at 31 August 2025, Anglesey had unaudited cash and cash equivalents of £26,271.
The company’s principal project is the Parys Mountain polymetal project in North Wales.