Anglesey Mining plc shareholders today approved a proposed capital reorganisation, of one ordinary share replacing every ten in the company.
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Admission of the 48,482,226 new ordinary shares is expected on or around 13 February 2026.
The company previously stated that the shares reduction allowed further fundraises, possibly through issuing new shares, to develop its Parys Mountain project in North Wales.
The property hosts a copper-zinc-lead-silver-gold volcanogenic massive sulphide deposit, with a reported 5.3 million tonnes at more than 4.0% combined base metals in the measured and indicated categories.
Parys additionally holds a reported 10.8Mt at more than 2.5% combined base metals in the inferred category.