Reveille Resources raises £259,951 from warrant exercise as Aquis share capital expands
Reveille Resources is increasing its share count after investors exercised warrants for new ordinary shares in the uranium explorer. The move brings in £259,951.60 in gross proceeds and is expected to lead to the new shares being admitted to trading on the Aquis Growth Market on or around 10 November 2026.
Highlights
- Reveille Resources raised £259,951.60 from exercising warrants over 2,599,516 new ordinary shares at 10 pence each.
- The new shares are expected to be admitted to trading on the Aquis Growth Market on or around 10 November 2026, expanding total voting rights to 82,799,516.
- Reveille, focused on Italian uranium assets via subsidiary Futuro Energetico Italiano, is advancing licences for Novazza and Val Vedello, Italy's largest historic uranium deposits.
Warrant exercise and admission timetable
As reported by London Stock Exchange, Reveille Resources said it received notice for the exercise of warrants over 2,599,516 new ordinary shares at 10 pence per share. The exercise raises gross proceeds of £259,951.60 for the company.The company said it will apply for the new shares to be admitted to trading on the Aquis Growth Market. Admission is expected on or around 10 November 2026.
Following admission, Mr Kevin Down is set to hold 2,500,000 ordinary shares, representing 3.02% of the issued ordinary share capital.
Voting rights and Italy-focused uranium strategy
From admission, Reveille said its issued ordinary share capital will comprise 81,799,516 ordinary shares, with one voting right attached to each share. The company said it holds no shares in treasury and that the total number of ordinary shares and voting rights from admission will be 82,799,516.That figure may be used by shareholders as the denominator for calculating whether they must notify an interest, or a change in an interest, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Reveille is a UK natural resources exploration and development company focused on uranium assets in Italy. Through its Italian subsidiary, Futuro Energetico Italiano S.r.l, it is advancing licence applications for the Novazza and Val Vedello uranium projects in northern Italy, which it describes as the country's largest historic uranium deposits.
Our earlier coverage of the UK’s pre-Budget outlook focused on Chancellor John Healey’s commitment to an IMF-backed deficit-reduction path ahead of the October 28 fiscal statement. We also highlighted the August GDP uptick and the growing political pressure around tax and reform choices, as the government tries to balance fiscal discipline with support for growth.
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