Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining

11 February 2026

Jangada Mines plc ('Jangada' or 'the Company')

£1.2m Fundraise and TVR

Investing in the development of the high grade, shallow, Molly and Paranaíta Gold Projects

 in Brazil

Jangada Mines Plc (AIM: JAN), a Brazil focused natural resource development company, is pleased to announce that it has raised, in aggregate, £1,200,000 before expenses (the "Fundraising") at a price of 1.4 pence ("Issue Price") per new Ordinary Share issued, reflecting strong investor demand, as the Company looks to advance the exploration and development of the Molly Gold Project ("Molly") and Paranaíta Gold Project ("Paranaita") in Brazil.

The Fundraising consisted of a placing of £1.1m through the issue of 78,571,424 new Ordinary Shares ("Placing") by its broker, Tavira Financial Ltd, and a cash subscription of £100,000 with Brian McMaster, Executive Chairman of the Company, through the issue of 7,142,857 new Ordinary Shares ("Subscription"). In aggregate, the Company shall issue 85,714,281 new Ordinary Shares (the "Fundraise Shares"). The Company shall issue one warrant for every Fundraise Share, exercisable at 2.25 pence for two years from Admission.

Use of Funds Overview

·    Proceeds will fund drilling and exploration work at the Molly Gold Project and further exploration at the Paranaíta Gold Project, both in Brazil

o  Jangada recently signed a LOI to earn the option to purchase 100% of the high-grade shallow Molly Gold Project subject to it completing a high impact 2,000m drill programme, which is to be executed immediately

o  Exploration results at Paranaíta reinforced confidence in achieving the objective of defining a shallow open-pit mining opportunity

·    Board continues to look for value accretive projects where it can utilise its in country expertise to acquire projects in similar structure to Molly and Paranaíta, specifically low up-front cost and stage-gated, results driven, funding requirements.

Jangada Mines CEO Paulo Misk said, "We are delighted with the strong investor support for the oversubscribed Placing following the recent news on the potential acquisition of the high-grade Molly Gold Project in Brazil and exploration results from Paranaíta. We are now looking to advance two gold projects in Brazil where exploration, through additional drilling and geophysics, will allow us to fully ascertain their true potential. Importantly, both are shallow, high grade data rich projects located in premium gold districts with the potential for low-cost development.  

"The funds raised will be allocated across both projects generating strong news flow. At Molly, the Company aims to validate and build upon the existing dataset, which includes a JORC (2004) resource estimate of 130,000 oz Au. Outstanding high-grade drill intercepts, including 6.5 metres at 10.5 g/t Au and 1 metre at 200 g/t Au, together with clear expansion potential, make Molly a compelling addition to our portfolio. Supported by the current favourable gold market conditions, initial results from Paranaíta, which currently hosts a resource estimate of 210,000 oz Au, reinforce our confidence in achieving the objective of defining a shallow open-pit mining opportunity at the Paranaíta Project.

"We were delighted that our Chairman participated in the Fundraising as I believe it demonstrates the confidence in both our portfolio and strategy, as we continue to strive to achieve our objective of building a substantial, multi-project company, growing resource ounces and establishing a production profile that delivers long-term value for all stakeholders."

DETAILS

Background to and Reasons for the Fundraising

Jangada is a gold-focused resource development company pursuing the establishment of a leading portfolio of high-quality gold assets across Brazil, targeting advanced, data-rich projects with strong scalability and near-term re-rating potential. The Company aggressively advances its assets through low-cost exploration and technical excellence, operating a model that prioritises minimal upfront acquisition costs, directs capital into the ground, and links acquisition consideration to exploration success through a combination of equity and cash.  In line with this and following the announcement of the structured Molly Gold Project potential acquisition on 9^th February 2026, the Company is now advancing two gold projects in parallel. 

The Molly Project located in the Tapajós region of Pará State, Brazil represents a high-grade, shallow gold project in a prime gold region that aligns strongly with the Company's investment and development criteria. It has outstanding high-grade intercepts from historic drilling, including 6.5m at 10.5 g/t and 1m at 200 g/t, and an initial JORC resource of 130,000 ounces of gold.  A three-dimensional geological and mineralisation model shows that gold mineralisation extends from near surface to depths of approximately 150m over a strike length of around 400m and geophysical data indicates that the identified mineralisation, where the initial resource is located, represents only part of a much larger system, with a well-defined structural corridor extending more than 500m to the west. This highlights strong potential for significant resource expansion through exploration.

The Paranaíta Gold Project, located in Brazil's historically significant Alta Floresta-Juruena Gold Province is currently under exploration.  The trenching programme returned encouraging gold results and, when combined with historical artisanal mining and previous data, confirmed a NE-SW trending mineralised structure extending over 800m of strike and up to 100m in depth at the TP-02 target. Trenching delivered grades of up to 3.1 g/t Au with continuous intervals of up to 20m, with additional results up to 4.3 g/t Au at TR-JG-05A and TR-JG-05B. At the TP-3.2 target, soil sampling produced grades up to 6.4 g/t Au and continuous mineralised intervals of up to 32m, supported by further anomalous results across multiple trench areas.

The drilling programme at Paranaíta is focused on expanding the current 210,000 oz Au resource to approximately 350,000 oz Au under the JORC Code across an 8km mineralised corridor hosting multiple high-grade occurrences. A total of 1,100m of drilling has been completed, with initial results confirming trenching outcomes and intersecting multiple mineralised zones at TP-02. Remaining assay results are expected shortly, after which geological modelling and follow-up drilling will be planned to support resource expansion and advance the definition of a scalable, shallow open-pit development opportunity at Paranaíta.

The Company maintains its active project acquisition strategy to build a portfolio of shallow, high grade data rich projects located in premium gold districts with the potential for low-cost development. and continues to evaluate opportunities that fit within its investment criteria.

Use of Proceeds

The funds raised will be used to fund drilling, geophysical and geological studies at the Molly Gold Project, further exploration at the Paranaíta Gold Project and for working capital purposes. 

At Molly, as part of earning the right to the option to acquire it, the Company has committed to undertake a low-cost, high impact, 2,000m drill programme.  The work will focus on step-out drilling to test the western extension identified by geophysics, alongside infill drilling to upgrade the existing Inferred Resource of 130,000 oz Au to the Indicated category at the Molly 1 target area (see announcement dated 9^th February 2026). Phase 2 aims to define a multi-pit operation, including initial drilling at the Molly 2 prospect, metallurgical test work, and preliminary economic assessments.

At Paranaíta assay results from the remaining drill holes are expected later this month. Upon receipt, the Company will work with GE21 to complete detailed geological modelling and determine the next phase of resource delineation, including the planning of further drilling aimed at expanding the current inferred resource of 210,000 oz Au and converting it to JORC classification.  Additionally, the Company aims to test multiple mineralised structures with open drill targets in all directions and along the 8km mineralise corridor.

In tandem with exploration studies, which are expected to generate significant news flow, the Company continues to evaluate additional opportunities, and the funds raised will also be utilised to execute this process.

Details of the Fundraising

The Company has conditionally raised gross proceeds of £1,100,000 through a placing of 78,571,424 new Ordinary Shares at a price of 1.4 pence per Fundraise Share.  In addition, Executive Chairman Brian McMaster has subscribed directly with the Company for a further 7,142,857 Fundraise Shares, representing c. 8% of the Fundraising.  

In addition, participants in the Fundraising will be issued with one warrant for every one Fundraise Share subscribed for.  Each warrant will entitle the holder to subscribe for one new Ordinary Share at an exercise price of 2.25 pence per new Ordinary Share and will be exercisable for a period of two years from the date of admission of the Fundraise Shares ("Fundraise Warrants"). If exercised in full, the Fundraise Warrants would result in the issue of a further 78,571,424 new Ordinary Shares and raise additional gross proceeds of approximately £1.9m.

The Fundraise Warrants will be unlisted and will be issued pursuant to a warrant instrument to be entered into by the Company and investors in the Fundraise.

In addition, the Company will issue warrants over 4,714,285 new Ordinary Shares to the Company's brokers ("Broker Warrants"). The Broker Warrants will be exercisable for a period of two years from the date of admission of the Fundraise Shares with an exercise price of 1.4 pence per new Ordinary Share ("Broker Warrants").

The Fundraise Shares, when issued, will rank pari passu in all respects with the existing Ordinary Shares. Application will be made for the Fundraise Shares to be admitted to trading on AIM. Admission for 85,714,281 new Ordinary Shares is expected to take place at 8.00 a.m. on 17 February 2026. The Fundraising is conditional, inter alia, upon Admission becoming effective.

Related Party Transaction

The participation by Brian McMaster in the Fundraising is deemed a related party transaction pursuant to the AIM Rules, The Directors, other than Brian McMaster, consider, having consulted with the Company's Nominated Adviser, Strand Hanson Limited, that the terms of his participation are fair and reasonable in so far as Shareholders are concerned.

Total Voting Rights

Following Admission of the Fundraise Shares, the Company's issued ordinary share capital will comprise 800,030,600 Ordinary Shares. There are no ordinary shares held in treasury. Accordingly, the total number of voting rights in the Company will be 800,030,600 and this figure may be used by shareholders as the denominator for the purposes of determining whether they are required to notify an interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.

**ENDS**

For further information please visit www.jangadamines.com or contact:

About Jangada Mines Plc

Jangada is a natural resource development company listed on AIM of the London Stock Exchange (AIM:JAN) with assets in Brazil. It is led by a team with deep industry, financial and in-country experience, and has a dual growth strategy to:

·    Advance its portfolio projects including the high-grade Molly Gold Project, the Paranaíta Gold Project and the 100%-owned Pitombeiras vanadium titanomagnetite Project

·    Utilise its proven in-country and geological expertise to identify/acquire additional projects that it can rapidly advance to build value for shareholders.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.