Rome Resources Raises £4.2M to Accelerate Tin Exploration in the DRC, Backed by Strategic Investor Stanvic Mining

• Rome Resources is actively exploring for tin in the DRC and has recently raised £4.2 million from strategic investor Stanvic Mining SARL
• Drilling is underway at the Kalayi and Mont Agoma prospects using four rigs, with assay results pending
• Funds will be used for additional drilling, geophysics, regional exploration, and to provide balance sheet strength

£4.2 Million Strategic Investment

Rome Resources Plc (LSE:RMR), a tin explorer focused on the Democratic Republic of Congo (DRC), has secured a significant financial boost to accelerate its drilling programs. The company recently raised approximately £4.2 million through a strategic investment from Stanvic Mining SARL, a specialist investor in the DRC mining sector.

CEO Paul Barrett commented on the successful capital raise, stating:

"It's a good endorsement of our business that [Stanvic] is happy to put in over £4 million."

The financing was achieved in a cost-effective manner, with nearly all of the funds directed towards exploration.

Interview with Chief Executive Officer, Paul Barrett

Drilling Campaigns Advance at Kalayi and Mont Agoma

Rome Resources has been actively drilling at its two primary tin prospects - Kalayi and Mont Agoma. Using four drill rigs, the company has made substantial progress, particularly at Kalayi where the drilling program is nearing completion. While assay results have only been received for two holes at Kalayi thus far, visual indications of tin mineralization in the drill core are encouraging. Barrett expressed optimism about the potential for a maiden resource estimate, commenting:

"We have basically just about finished the Kalayi program, so we can wrap that up and potentially put a resource on that."

At Mont Agoma, drilling continues to test the depth extent of the known tin mineralization. An additional six to eight holes are planned to target the core of the prospect underlying the area of historical high-grade drill intercepts.

Exploration Upside & Regional Potential

Beyond the immediate drilling programs, Rome Resources plans to allocate funds towards expanding its exploration efforts. High-resolution topographic mapping using LiDAR technology is planned to strip away vegetation and provide detailed imaging of the bedrock in the jungle environment.

The company also intends to conduct additional soil geochemistry sampling, building upon the successful results from previous campaigns. Furthermore, regional geological work, potentially including magnetic surveys, is under consideration to develop a comprehensive understanding of the mineral system.

Strategic Partnership with Stanvic Mining

The strategic investment from Stanvic Mining SARL will see them subscribe via a subscription of a total of 1,200,000,000 new ordinary shares of 0.1 pence each in the share capital of the Company at an issue price of 0.35 pence per new Ordinary Share.

As part of the Strategic Investment, Stanvic will receive one warrant for every one Ordinary Share subscribed for pursuant to the Subscription, with each warrant entitling Stanvic to acquire one new Ordinary Share at a price of 0.50 pence at any time from the date of issue of the Warrants up to the date that is three years from the date of Admission.

As part of the investment, Stanvic will have the right to nominate one member to Rome's Board of Directors, aligning the interests of both parties and enhancing the company's strategic decision-making capabilities.

The Path Forward

With a strengthened balance sheet and the backing of a strategic investor, Rome Resources is well-positioned to continue advancing its tin exploration programs in the DRC. The upcoming quarters will be crucial as the company works towards delineating resources at Kalayi and Mont Agoma while concurrently assessing the broader regional potential. As Barrett summarized:

"I think intuitively we would put out the Kalayi resource because we're pretty much finished drilling there right now. Mont Agoma, I think, we really need to put in another 6 to 8 more holes before we can confidently come up with a bigger number. And that's the name of the game."

The Investment Thesis for Rome Resources

• Exposure to tin, a critical technology metal with growing demand and supply concerns
• Strategic land position in the tin-rich DRC with two advanced prospects
• £4.2 million strategic investment from Stanvic Mining SARL to fund aggressive exploration and provide balance sheet strength
• Near-term catalysts include maiden resource at Kalayi and expansion of Mont Agoma
• Significant exploration upside with regional potential to expand the tin play
• Experienced management team with strong in-country expertise and relationships
• Tight capital structure with strategic investor alignment

Macro Thematic Analysis

Tin is poised to play an increasingly vital role in the global transition towards a sustainable future. As a critical metal used in advanced technologies, tin is essential for sectors such as electronics, electric vehicles, and renewable energy infrastructure.

The combination of rising demand and constrained supply has created a compelling macro backdrop for tin. Global tin consumption is forecast to grow steadily, driven by its expanding applications in the technology and clean energy sectors. However, the tin market faces supply challenges, with declining grades and production from traditional sources.

Against this backdrop, the DRC has emerged as a highly prospective jurisdiction for tin exploration and development. This underscores the potential for Rome Resources to unlock significant value through its strategic position and aggressive exploration approach in the DRC.