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Reveille Resources PLC on Tuesday celebrated completing its initial public offering on London’s Aquis Growth Market, with the fundraise providing ‘a solid foundation’ for advancing its uranium deposits. The natural resources explorer, which is focused on uranium opportunities in Italy, said its IPO raised gross proceeds of £2.0 million through subscriptions for 40.0 million shares at 5 pence each. This was on top of £680,000 that Reveille raised through pre-IPO subscriptions. Reveille shares were trading at 13.00p late on Tuesday morning in London. Reveille said its directors invested a combined £412,000 across the fundraising rounds and will hold 23.3% of the company, with ‘leading US institutional investor’ YA II PN Ltd holding 12.52%, and approximately 23.88% of the shares ‘in public hands’. Previously, on Monday, Ajax Resources PLC announced an additional £200,000 investment in Reveille. This made it the firm’s second-largest shareholder with a 15.02% stake. Zenith Energy Ltd, meanwhile, announced a further £259,000 investment, making it Reville’s largest shareholder with an approximate 25.26% stake. ‘We are delighted to be admitted to the Aquis Growth Market following a successful IPO fundraising, demonstrating strong investor confidence in Reveille’s value potential and the opportunity presented by the Novazza and Val Vedello uranium deposits at a time when Italy is actively reconsidering the role of nuclear energy in its future energy mix,’ commented Executive Director Ippolito Ingo Cattaneo. ‘The successful fundraising provides the company with a solid foundation from which to pursue its strategic objectives. ‘The Novazza and Val Vedello uranium deposits represent one of Europe’s most significant historical uranium districts. ‘Collectively, they have benefited from more than 87,000 metres of historical drilling, approximately 17 kilometres of underground development, and what the board believes would equate to hundreds of millions of euros of exploration and development expenditure if replicated today. Historical estimates indicate the deposits contain approximately 15 million pounds of U3O8, representing an illustrative in-situ metal value of approximately $1.2 billion based on current uranium prices.’ Cattaneo noted that all board members are ‘Italian nationals with a clear understanding of Italy’s political, regulatory and energy landscape,’ and highlighted that ‘nuclear energy is once again being actively considered as part of the country’s long-term energy strategy’. Going forward, he added, Reveille is focused on ‘advancing the Novazza and Val Vedello exploration licence applications through the Environmental Impact Assessment (VIA) process, securing the necessary regulatory approvals and applying modern exploration techniques to further evaluate these historically significant uranium deposits.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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