- Alba Mineral Resources
- 06 March 2026 13:59:37
Source: Sharecast
The AIM-traded gold and critical raw materials explorer said it had noted public statements alleging that its earn-in rights under an agreement with its project partner had been terminated, but said it “refutes any claims to the contrary”.
Alba said it believed it had satisfied the expenditure requirements for the first 12-month earn-in period under the agreement and had therefore secured a 25% interest in the Finnsbo project.
Under the terms of the deal, the company said it was entitled to continue earning into the project during a second 12-month period and, subject to meeting further spending thresholds, could increase its interest to 51%.
The firm added that it intended to take legal action if necessary to ensure its rights under the agreement were recognised and protected, and was also considering potential remedies in relation to what it described as “wholly unfounded” public statements connected to the dispute.
As part of the agreed work programme at the project, Alba said it drilled three holes in late 2025 and was currently arranging for the drill core to be assayed.
At 1342 GMT, shares in Alba Mineral Resources were down 4.1% at 0.02p.
Reporting by Josh White for Sharecast.com.