Reveille Resources Plc (AQSE: REV; OTCID: RVREF), a uranium exploration and development company focused on Italy's largest historic uranium deposits, has announced the exercise of warrants over 1,000,000 new ordinary shares at 10 pence per share, raising gross proceeds of £100,000. The new Warrant Shares are expected to be admitted to trading on the Aquis Growth Market on or around 19 November 2026. The development increases the company's total issued ordinary share capital to 84,755,465 shares, a figure shareholders must now use as the denominator for FCA disclosure calculations.

Key Points

  • Reveille Resources Plc (AQSE: REV; OTCID: RVREF)
  • Warrants exercised over 1,000,000 new ordinary shares of 1 pence each at an exercise price of 10 pence per share
  • Gross proceeds of £100,000 raised; Admission to Aquis Growth Market anticipated on or around 19 November 2026
  • Investors should watch for confirmation of Admission and any further updates on the Novazza and Val Vedello exploration licences

Warrant Exercise Generates £100,000 at 10 Pence Per Share for Reveille Resources

Reveille Resources has received formal notice for the exercise of warrants covering 1,000,000 new ordinary shares of 1 pence each, priced at an exercise price of 10 pence per share. The transaction raises gross proceeds of £100,000 for the company. The announcement does not specify the identity of the warrant holder or detail how the proceeds will be allocated. Reveille's corporate adviser on the Aquis Growth Market is Allenby Capital Limited, with Nick Harriss, Ashur Joseph, and Nick Naylor listed as contacts for the transaction.

Admission to Aquis Growth Market Expected Around 19 November 2026

Following the warrant exercise, Reveille has applied for the 1,000,000 Warrant Shares to be admitted to trading on the Aquis Growth Market. Admission is anticipated to occur on or around 19 November 2026, though this remains subject to standard market processes. Upon Admission, the company's total issued ordinary share capital will comprise 84,755,465 Ordinary Shares, each carrying one voting right. The company confirms it holds no Ordinary Shares in Treasury, meaning the full 84,755,465 shares represent the total voting rights figure applicable from the date of Admission.

Novazza and Val Vedello Uranium Projects Underpin Reveille's Italian Strategy

Reveille operates through its Italian subsidiary, Futuro Energetico Italiano S.r.l., and has submitted exploration-licence applications for the Novazza and Val Vedello uranium projects in northern Italy. Both projects were historically explored by AGIP Nucleare S.p.A. and its subsidiary SOMIREN, part of the ENI group, during Italy's national nuclear programme between 1959 and 1983, with more than 87,000 metres of historical drilling and approximately 17 kilometres of underground development completed. Each project remains subject to the applicable environmental-assessment process, representing a key regulatory risk the company must navigate before advancing exploration activities.