Ajax Resources Announces Successful Acquisition of the Eureka Project Amidst Trader Excitement

In a sensational update on 1 May 2025, Ajax Resources PLC, the notable natural resources investment company, pleasantly informed its shareholders and the broader market on its acquisition of Puna Metals S.A. Puna Metals holds the much sought-after mining rights for the Eureka Project, a strategic endeavour located in the Republic of Argentina. The Eureka Project is poised to become a major resource play in Argentina, making Ajax’s acquisition a notable victory in the mining sector of the resource investment world.

The sale of the Eureka Project to Ajax Resources initially comes from Bezant Resources plc. Both Ajax and Bezant have mutually agreed to conclude the acquisition of Eureka on the 21 May 2025. This encourages renewed investor excitement as the completion falls within the predicted time frames. Apart from the defining completion date announcement, all other elements of the Acquisition remain as announced in the Company’s prior notification on 16 April 2025.

Eyes are now keenly focused on the fate of the Company’s ordinary shares (1 pence each). They were removed from the Equity Shares (Shell Companies) category of the Official List and trading on the LSE Main Market. However, there exists a sweet reprieve in the wings for investors. The Ordinary Shares are set for proposed admission to the Aquis Stock Exchange Growth Market Access Category, potentially offering a fresh start and brighter future for the company’s stock performance. The newly re-energised listing is expected to occur on the day before the acquisition’s completion, on 20 May 2025.

In this exciting era for Ajax Resources and its shareholders, it’s expected to see an explosion of interest around the Eureka Project and the ripples its success could create in the global mining investment industry.