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Rome Resources CEO on bigger DRC stake, fresh cash, and a tin market firing on all cylinders
Episode 14233
Published 1 week, 4 days ago
Description
Rome Resources PLC (AIM:RMR, FRA:33R) CEO Paul Barrett joined Proactive's Stephen Gunnion to discuss a busy period for the DRC-focused explorer, combining a consolidation of ownership across its key assets with a fresh £1.2 million fundraise.
Barrett explained that agreed terms to increase stakes in both Kalayi and Mont Agoma to around 80% are largely share-based - effectively cashless - while delivering a significant uplift in the company's resource base ahead of the next mineral resource estimate update. The £1.2 million raised from existing shareholders will fund deeper drilling at Kalayi, new targets at Mont Agoma, and an airborne geophysical survey across the licence area.
With tin prices and demand both moving in the right direction, and a new board appointment strengthening local DRC expertise, Barrett painted an encouraging picture of a company quietly building toward a strategic partnership.
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