Arkle Resources PLC has acquired an 85% interest in Namibia Uranium Pty Ltd for £2.032 million, gaining four exclusive prospecting licences in Namibia’s Erongo Region that sit alongside the Trekkopje, Marenica and Rössing uranium deposits.
The deal is accompanied by a significantly oversubscribed £1.7 million equity fundraise at 0.4p per share, which will part-fund the acquisition and underpin a two-phase 2026 exploration programme including geophysical surveys, sampling and up to 4,000 metres of reverse circulation drilling, while new board appointments strengthen the management team.
The move positions Arkle as a new uranium exploration platform in the London market at a time of tightening uranium supply and rising demand, giving investors leveraged exposure to a tier-one uranium jurisdiction where initial sampling has already confirmed high-grade surface mineralisation and potentially enhancing the company’s growth prospects in the global nuclear fuel sector.