Alba Mineral Resources (AIM:ALBA) is changing its name to Arkadian Strategic Metals, under the new ticker code AKN, to reflect its broadened portfolio of projects.
The company will advise once the name change has become effective and when its shares are due to begin trading under its new name.
Executive Chairman George Frangeskides says the rebrand marks a clear statement of the company’s intent.
“Global supply chains for critical and strategic metals are undergoing structural change, with governments and industry increasingly focused on securing reliable, Western-aligned sources of supply,” Frangeskides says.
“Our strategic metal assets, particularly at Motzfeldt in Greenland, position us within this emerging strategic landscape.”
At the same time, Frangeskides adds that the company remains committed to Clogau-St David’s and its other Welsh gold assets, which continue to represent an important and distinctive part of its portfolio.
“We believe this combination of gold and strategic metals provides shareholders with both geopolitical relevance and commodity diversification as we advance the company into its next phase of growth,” he says.
The Clogau-St David’s Project covers 107km2 and hosts over 300 known gold occurrences. It includes a historical mine, which produced at least 80,000 ounces of gold — making it the UK’s largest-ever gold producer.
Alba Mineral Resources is an explorer focused on gold and critical mineral projects in northern Europe, primarily in the UK and Greenland.
Write to Aaliyah Rogan at Mining.com.au
Images: Alba Mineral Resources
