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On 7 November 2025, Inspirit Energy Holdings Plc (INSP) signed a non-binding, conditional Heads of Terms with a UK company. This follows INSP's 8 October 2024 announcement to become an AIM Rule 15 cash shell. The UK company has formerly reported a JORC compliant resource of approximately 250,000 ounces of gold at its South-East Asia project, with a transaction completion targeted for Q1 2026.
| Date | 7 Nov 2025 |
| Time | 07:00:05 |
| Category | Corporate updates |
| ID | 5732G |
7 November 2025
Inspirit Energy Holdings Plc
("INSP" or the "Company")
Company update
Following the Company's decision to become an AIM Rule 15 cash shell as announced on 8 October 2024, the Company has reviewed several reverse acquisition targets. It has now signed a non-binding, conditional Heads of Terms with a UK company which has formerly reported a JORC compliant resource of c. 250,000 ounces of gold at its project in South-East Asia. Due diligence is at an early stage and whilst there can be no guarantee this will complete, both parties are working to complete the transaction in Q1 2026. The Company's shares remain suspended from trading on AIM and further updates will be made as and when appropriate.
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This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
More information on Inspirit Energy can be seen at: www.inspirit-energy.com
For further information please contact:
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Inspirit Energy Holdings plc |
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John Gunn, Chairman and CEO |
+44 (0) 207 048 9400
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Beaumont Cornish Limited www.beaumontcornish.com (Nominated Advisor) |
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Roland Cornish / James Biddle
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+44 (0) 207 628 3396 |
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Global Investment Strategy UK Ltd (Broker) Samantha Esqulant |
+44 (0) 207 048 9045 |
Nominated Adviser
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.