Hot Rocks Investments plc: Interims Results to 30 September 2025

HOT ROCKS INVESTMENTS PLC

("Hot Rocks" or the "Company")

UNAUDITED INTERIM FINANCIAL INFORMATION FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2025

MANAGING DIRECTOR'S STATEMENT

I hereby present the financial results for the Company for the 6 months ended 30 September 2025.  

The Company has been an active investor in junior natural resources companies and other sectors. We generally seek to invest in exciting small companies where our valuation entry point reflects the early-stage nature of their business which, although carrying higher risk, gives us exposure to considerable upside. 

We have continued to build and nurture our investment portfolio and we are pleased with performance, particularly in light of difficult market conditions for small companies. The Company has a favourable cash position and liquidity from various holdings enabling us to take advantage of situations as they arise.

The Company made a profit for the six months of £423,610.

The Company will not be paying a dividend at this stage as we seek to reinvest profits in to further opportunities with the potential for significant capital growth.

Cash at bank at 30 September 2025 was £305,326.

Of particular note during the period, and since the period end are the following:

WeShop Holdings Limited (“WeShop”) – the Company already held 37,500 WeShop class A ordinary shares (“WeShop Shares”) and post period end WeShop Shares commenced trading on NASDAQ under the ticker WSHP. The Company has agreed to acquire a further 500,000 WeShop Shares and will take delivery on 14 November 2026. This is a significant position. At $95.25 per WeShop Share (closing market price on NASDAQ on 30 December 2025) the 537,500 WeShop Shares are valued at approximately $51,200,000.  

Sunshine Gold Capital Pty Ltd (“Sunshine”) – the Company has acquired a 25% equity stake.  Sunshine is targeting the next major gold discovery in western Australia and holds 100% of Dexter Gold with 2 granted exploration leases with total ground holding of 420 square kilometres (granted December 2024 for 5 years with no native title objections). Dexter has similar rock types and favourable geological structures, analogous to the large producing gold mines at nearby Tropicana (Anglogold) and Gruyere (Gold Road / Gold Fields SA). The district discoveries at Tropicana, Gruyere, Central Bore & Attila total over 17Moz of discovered gold resources.

Hot Rocks has an option to acquire, subject to any required approvals, a further 26% of Sunshine Gold Capital Pty Ltd in consideration of providing a further drawdown facility of a further £125,000 to Sunshine Gold.

Mendell Helium plc (“Mendell”) – Hot Rocks invested £150,000 at 2p per share for 7,500,000 ordinary shares and 3,750,000 warrants at 4p and 3,750,000 warrants at 6p. Mendell has recently announced an updated flow rate for M3 Helium Corporation's Rost 1-26 well in Fort Dodge, Kansas. Flow rate at the well has been measured at 250 Mcf per day - a 132% increase over the last measured rate in November 2025, equating to a potential value of approximately $3,800 of helium per day or approximately $1.4 million per year. The well is now flowing gas even when the pump is turned off and the well will be switched on to a beam pump which is more economical to run. Mendell is in discussions with partners to develop further wells in Fort Dodge.

Mosi Copper Limited - an Africa-focused copper exploration company, continues to make good progress, has signed a joint venture with a major mining company, and plans to float on a stock exchange in 2026. 

The Company has equity and/or warrant interests in the following entities:

Astrid Intelligence plc

B Hodl plc

Bolt Metals Corp.

Electrum Discovery Corp

Elephant Oil Corp

Endor Group Ltd t/a Universe Money

Hamak Gold Ltd

Laiva Gold Inc

Mafula Energy Limited

Mendell Helium Plc

Minergy Limited

Mosi Copper Limited

Orcadian Energy plc

Oregen Energy Corp.

Oscillate plc

Parent Capital Corp

Pilar Gold Inc

Prospectiva Resources Limited

Rift Resources Limited

Sunshine Gold Capital Pty Ltd

Supernova Digital Assets plc

T5 Oil & Gas Ltd

Tap Global Group plc

The Smarter Web Company plc

Trigon Metals Inc

Tucano Gold Inc

Unicorn Mineral Resources plc

WeShop Holdings Limited

We look forward to keeping the market updated regularly during 2026 on our various interests.

Gavin Burnell

Managing Director

For further details please contact:

Hot Rocks Investments plc

Gavin Burnell Tel: 0207 2644 546

Optiva Securities Limited

Vishal Balasingham Tel: 0203 981 4174

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain.

HOT ROCKS INVESTMENTS PLC CONDENSED STATEMENT OF COMPREHENSIVE INCOME

FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2025

HOT ROCKS INVESTMENTS PLC CONDENSED STATEMENT OF FINANCIAL POSITION

FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2025