Arkadian Strategic Metals Plc

AKN · AIM · Basic Resources · mcap £2.5m · 0.0p 2 open situations →

EV: −£2.3m
EV / EBIT: –
Net cash: £305k
FCF yield: -53297.7%
Revenue: –
Share price 1y: −57%
Insiders 12m: no deals
Next report: around 4 May

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2026 Sale of Horse Hill interest Finnsbo earn-in legal dispute Placing of 22% of the market value

Open · 2

Disposal of a part (break-up)

Sale of Horse Hill interest

Agreed; awaiting NSTA approval

On 20 Oct 2026 Arkadian agreed to sell its 18.1% HHDL stake (effective 11.765% of PEDL 137) to energy B for £137,386 cash plus 400,000 warrants. The stake is carried at nil. Completion needs NSTA approval; energy B applied on 30 Sep 2026.

Price: £137,386 cash; £13,739 paid on signing, £123,647 on Completion 20 Oct 2026 ↗
Buyer: energy B plc (AQSE: NRBG) 20 Oct 2026 ↗
Business sold: 18.1% of HHDL, effective 11.765% of PEDL 137, Horse Hill, Surrey; carried at nil 20 Oct 2026 ↗
Other consideration: 400,000 energy B warrants at 12p for three years, for release of shareholder loan 20 Oct 2026 ↗
Conditions: NSTA approval; completes simultaneously with energy B's purchase from UK Energy plc 20 Oct 2026 ↗

Next: NSTA approval and completion alongside energy B's UK Energy deal

20 Oct 2026 Agreed; awaiting NSTA approval

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Legal & regulatory

Finnsbo earn-in legal dispute

Proceedings issued and served

McKnight purported to terminate Arkadian's Finnsbo earn-in rights in November 2025, during the third and final hole of the drilling programme. On 20 Oct 2026 Arkadian said it had begun proceedings in the Stockholm District Court. It claims it earned a 25% interest and seeks specific performance, or alternatively damages.

Forum: Stockholm District Court, Sweden 20 Oct 2026 ↗
Defendant: McKnight Resources AB, holder of the Finnsbo 100 licence 20 Oct 2026 ↗
Primary claim: Specific performance, to vest the 25% interest Arkadian says it earned through Stage 1 expenditure 20 Oct 2026 ↗
Alternative claim: Damages for breach of contract, with interest and legal costs 20 Oct 2026 ↗
Dispute origin: Purported termination of earn-in rights in November 2025, during drilling of the third hole 20 Oct 2026 ↗
Amount at stake: not_stated 20 Oct 2026 ↗

Next: Stockholm District Court proceedings against McKnight

20 Oct 2026 Proceedings issued and served

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Closed · 1

Dilutive fundraisePlacing of 22% of the market value completed · 14 Jul 2025 – 28 Sep 2025 +0%

Company filings. Not investment advice.