Rome Resources Accelerates Growth with Increased Bisie North Ownership

Additional £1.2M subscription to continue drilling beyond the updated MRE

Rome Resources Accelerates Growth with Increased Bisie North Ownership

21 Apr 2026 76 SmallCapPix Mining Rome Resources

Rome Resources is rapidly strengthening its position in one of the world’s most prospective tin regions. With increased ownership across key assets, fresh funding secured, and exploration momentum building, the company is positioning itself for significant growth. These latest moves not only enhance exposure to high-grade tin and copper potential but also reinforce Rome’s strategy of scaling efficiently while unlocking long-term value in the Bisie North district.

Rome Resources (AIM: RMR) has taken a major step forward in its growth strategy, increasing its exposure to the highly prospective Bisie North Tin Project in the Democratic Republic of the Congo while securing £1.2 million in fresh funding from existing shareholders.

Rome—through its 71%-owned subsidiary, MediDoc RD Congo SARL—has moved to secure full ownership of the Kalayi Project by agreeing terms to acquire the remaining 27.5% interest. This would take MediDoc’s stake to 100%, giving Rome complete control over another highly prospective asset.

At the same time, the company has agreed non-binding heads of terms with PALM Constellation SARL to acquire its 30% interest in the Mont Agoma Licence (PR 15130). This transaction will lift Rome’s ownership to a commanding 81%, further strengthening its position in one of the world’s most exciting tin jurisdictions.

The combined transactions are structured through share-based consideration, initially valued at approximately £2.16 million, with the potential to increase to £4.32 million based on exploration success—aligning all parties with the upside potential of these projects.

£1.2 Million Funding to Drive Exploration Momentum

Rome has also successfully raised £1.2 million through a subscription of 400 million new shares at 0.30p per share, providing immediate capital to accelerate its exploration programmes.

The funding will enable:

Continued drilling at Kalayi to expand the resource ahead of the next Mineral Resource Estimate
Targeting of high-grade copper and tin zones at Mont Agoma
An airborne geophysical survey to unlock broader regional exploration potential

This injection of capital positions Rome to build on recent drilling success and significantly advance both projects.

Value-Driven Deal Structure with Strong Upside Alignment

The acquisitions are structured to maximise value while minimising upfront cash outlay. For Mont Agoma, Rome will issue 600 million shares, with half payable on completion and the remainder linked to strong drilling results—specifically high-grade tin or copper intercepts.

A similar structure applies to the Kalayi acquisition, with milestone-based share issuance tied to successful tin intercepts.

Importantly, both vendors will retain a 2% net smelter return (NSR) royalty, ensuring continued alignment with the long-term success of the projects.

Strategic Board Appointment Enhances Local Expertise

Further strengthening its position, Rome has appointed experienced entrepreneur Stephane Mutombo Irung as a non-executive director. As a director of Stanvic Mining SARL—holder of a 16.81% stake in Rome—Stephane brings valuable in-country expertise and a strong network within the DRC mining sector, including previous collaboration with Ivanhoe Mines.

A Transformational Step Forward

These developments mark a pivotal moment for Rome. By increasing its ownership in Mont Agoma and securing full control of Kalayi, the company has significantly enhanced its exposure to both tin and copper upside while consolidating operational control across its key assets.

The combination of strategic acquisitions, aligned deal structures, fresh capital, and strengthened leadership places Rome in a powerful position to accelerate exploration and unlock substantial value within the Bisie North region.

With momentum building, Rome Resources is emerging as a key player in one of the most prospective tin districts globally just as tin hits new all time highs.

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Research materials prepared based upon individual analysis and research. Accuracy cannot be guaranteed and research should not be taken as investment advice. Content Authors may hold stock in the company or be incentivised to do so. Please always do your own research.