ANGLESEY MINING PLC

• ◆

  Material uncertainty over going concern

  As stated in Note 2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the group's and the parent company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. ANGLESEY MINING PLC 1984-11-12 → present
2. PEAKNEAT LIMITED 1984-09-21 → 1984-11-12

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

UHY Farrelly Dawe White Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As stated in Note 2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the group's and the parent company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. ANGLESEY MINING PLC · parent
   1. Parys Mountain Mines Limited 100% · England & Wales · Development of the Parys Mountain mining property
   2. Parys Mountain Land Limited 100% · England & Wales · Holder of part of the Parys Mountain property
   3. Parys Mountain Heritage Limited 100% · England & Wales · Holder of part of the Parys Mountain property
   4. Labrador Iron plc 100% · Isle of Man · Holder of the company's investment in Labrador Iron Mines Holdings Limited
   5. Angmag AB 100% · Sweden · Holder of the investment in GIAB
   6. Anglo Canadian Exploration (Ace) Limited 100% · England & Wales · Dormant

Significant events

• “During the 2024-25 financial year your company has been focused in two areas: Determining an incremental path to the development of a polymetallic mine at Parys Mountain... Secondly, attempting various strategies to realise value from the minority stakes the company holds in Grängesberg Iron in Sweden and Labrador Iron Mines in Canada.”
• “Immediately before the publication of this report we announced a new financing facility of up to £2 million which will secure Anglesey's near-term future and allow us to move forward with Parys Mountain.”
• “On 6 September 2024 we were sorry to accept the resignation of Namrata Verma as a non-executive director.”
• “On 5 December 2024 Jo Battershill stepped down as a non-executive director of the company and on the same day Doug Hall was appointed to the board.”
• “You will have seen from our announcement in August 2025 that we felt it necessary to remove ourselves from the management of the Grangesberg Iron project.”
• “It was pleasing to announce on 25 September 2025 that we had entered into a conditional equity financing facility for up to £2 million with Alumni Capital LP, an American finance house.”
• “In order to carry out the refinancing the company's existing ordinary shares will need to be consolidated on a 20 for 1 basis.”
• “On 28 June 2024 the company undertook a placing and subscription which raised gross proceeds of £415,000.”
• “On 25 September 2024 there was a follow-on subscription to raise gross proceeds of £220,000.”
• “On 14 November 2024 1.23 million shares were issued to suppliers at 1.0 pence per share in settlement of amounts due.”
• “On 9 May 2025 options over 12,100,000 shares were granted to directors and employees under the company's share schemes.”
• “On 31 May 2025 a loan of £100,000 was made to Parys Mountain Mines Limited for working capital purposes, for a period of 5 years with interest payable at 10% per annum, secured on freehold property at Parys Mountain.”
• “On 15 August 2025 the management rights which the group had in respect of the Grangesberg Iron properties were relinquished; the group maintains its 49.8% ownership interest in Grangesberg Iron AB.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

6

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.