from Hot Rocks Investments Plc (ETR:GB00B1WV)
Hot Rocks Investments plc: Positive Portfolio Updates
Hot Rocks Investments plc (HRIP) 7 April 2026 HOT ROCKS INVESTMENTS PLC (the "Company" or “Hot Rocks”) Positive Portfolio Updates The Company is pleased to report positive developments within the Company’s portfolio of interests. Mendell Helium plc (“Mendell”) (AQSE:MDH) The Company holds 5,100,000 ordinary shares in Mendell and notes its recent share price movements having traded above 6p per share. Hot Rocks also holds 7,500,000 warrants - half of which are exercisable at 4p per new Mendell ordinary share and half at 6p per new Mendell ordinary share. Mendell has provided regular newsflow to the market in recent weeks including general operations updates, updates on new helium production wells at Fort Dodge and most recently an agreement with Ritchie Exploration to re-complete the Schneweis Ventures 13A well in the Fort Dodge region of Kansas, USA, a well located around four miles south of Rost 1-26 well. Mendell announced 31 March 2026 updated plans regarding seeking admission to trading of its ordinary shares on the AIM market together with an update on drilling the Rost twin well. Sunshine Gold Capital Pty Ltd (“Sunshine Gold”) We are pleased to report positive developments for Sunshine Gold (Dexter Gold Project): Hot Rocks has provided capital to Sunshine Gold in order that it can secure additional exploration tenements, build out the management team including appointing a CEO, acquire and implement the required technology systems, cover the costs in relation to native title clearance, commence the gold exploration programme at the Dexter project and plan for an IPO. Hot Rocks has, as a result, increased its equity position in Sunshine Gold from 25% to 49%. On 26th March 2026, Sunshine Gold was granted their third tenement (E 39/2561) providing a total land holding of 629km2 with key exploration tenements between two of the largest gold mines in Western Australia: Tropicana c.10Moz gold and Gruyere c.8Moz gold. The third tenement expands the company’s exploration potential with one of Australia’s largest coherent gold-in-soil anomalies of a total of 66km.
Following a review of exploration data Sunshine Gold has now made two new strategic tenement applications E38/4064 & E39/2591 – Upon successful award Sunshine Gold’s tenure holdings will increase to a total of 887km2. New Investments Central Gold Limited (“Central Gold”) The Company has invested US$25,000 into Central Gold which is advancing its copper and gold licences in Tanganyika Province, DRC. They have received positive assay results from their maiden drilling. Futuro Resources Limited (“Futuro”) The Company has invested £25,000 into Futuro which is planning to infill drill the Lavra Vehla gold resource in Brazil, drill-test the northern extension, deliver a JORC compliant Mineral Resource Estimate, complete metallurgical test work, initiate a pre-feasibility study on the project and advance permitting. Cobra Resources plc (“Cobra”)(LSE:COBR) The Company participated in the recent successful £4.5 million (net) fundraise. It is intended that Cobra utilises the funds to accelerate Manna Hill Copper Project drilling following a scalable copper discovery and to advance Boland Rare Earth Project through pre-feasibility. These work programmes have the potential to establish Cobra as a significant copper and rare earths developer in South Australia. Hot Rocks acquired 502,099 shares in Cobra together with 251,049 warrants exercisable at 6p with a two year life. Gavin Burnell, Managing Director of the Company said “We are pleased with the performance of Mendell together with the significant developments at Sunshine Gold and are excited for the potential of our various positions.”
The Company has equity and / or warrant interests in the following entities:
Astrid Intelligence plc B Hodl Plc Bolt Metals Corp Central Gold Limited Cobra Resources plc Electrum Discovery Corp Elephant Oil Corp Endor Group Limited t/a Universe Money Futuro Resources Limited Hamak Strategy 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
The Directors continue to look at opportunities to diversify and add value for shareholders. For further details please contact: Hot Rocks Investments plc Gavin Burnell Tel: 0207 2644 546
Optiva Securities Limited Vishal Balasingham Tel: 0203 981 4174
Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. View original content: EQS News |
| ISIN: | GB00B1WV3198 |
| Category Code: | TST |
| TIDM: | HRIP |
| LEI Code: | 213800JNSRPMZVREEO51 |
| Sequence No.: | 423197 |
| EQS News ID: | 2303806 |
| End of Announcement | EQS News Service |