Ajax Resources PLC - Holding(s) in Company

21 January 2026

AJAX RESOURCES PLC

("Ajax" or the "Company") 

Holdings in the Company

Ajax (AQUIS: AJAX) the natural resources investment company, was informed yesterday that Mr. John E Story now holds 12,206,011 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares"), equivalent to 12.12% of the issued Ordinary Shares.      

Ippolito Ingo Cattaneo, Chief Executive Officer of Ajax, commented:

"With just over 100 million Ordinary Shares in issue, Ajax has a tightly held and highly aligned share capital structure. The Board and management together hold over 25 per cent of the Company's issued share capital and, based on the information available to the Company, approximately only 49.89 per cent of the Ordinary Shares are held in public hands.

We are pleased to note the increased holding of John Story, an existing significant investor in the Company, which further underlines his confidence in Ajax's strategy and potential.

Upon completion of the acquisition of the Pereira Velho Gold Project, we expect Appian Capital to become a significant shareholder. Appian is one of the world's largest dedicated mining-focused private equity groups, with approximately US$5 billion in assets under management. Appian has explicitly backed our strategy and expressed strong support for the Company's long-term vision. We believe this combination of a compact, Board-driven and prestigious share register highly stands out among UK-listed junior resource companies in this segment, few of which can match this profile.

The Company intends to further strengthen its shareholder base through targeted engagement with institutional investors, including at the Indaba conference in early February 2026."

Mr. John E Story commented:

"The Company's recent progress has laid the foundations for a compelling growth narrative. Ajax combines a clear strategy with a highly aligned and incentivised Board that has committed substantial personal capital alongside significant shareholders such as myself. The quality and potential of the assets, all acquired on advantageous terms in an unprecedented metal pricing environment, together with the expected near-term investment by Appian Capital as a significant shareholder in Ajax, further underpins what I see as strong potential for long-term value creation."

-  ENDS -

Further Information:

About Ajax Resources Plc

Ajax Resources Plc is a UK natural resources investment company listed on the Aquis Stock Exchange (AQSE: AJAX). The Company was previously listed on the FCA Official List of the Main Market of the London Stock Exchange as a Special Purpose Acquisition Company (SPAC) before transitioning to its current strategy as an operational natural resources investment vehicle.

Ajax is focused on identifying, acquiring and advancing assets containing copper, gold, silver, zinc, uranium and lead - commodities supported by strong long-term demand fundamentals. The Company's strategy centres on the acquisition and development of assets with historical production, significant untapped or latent potential, and substantial exploration upside, typically secured on highly advantageous terms. Ajax aims to progress these assets through development and into production, with the objective of generating revenue and long-term shareholder value.