XTRACT RESOURCES PLC — Director's Dealing 2026

Mar 26, 2026

National Storage Mechanism | Additional information

RNS Number : 3304Y

Xtract Resources plc

26 March 2026

For immediate release

26 March 2026

Xtract Resources Plc

("Xtract" or the "Company")                                                                       

Award of Share Options

The Board of Xtract announces that on 25 March 2026, the Company awarded 35,600,000 new options (representing 2.99 per cent. of the current issued share capital) to Directors and a further 44,100,000 new options (representing 3.71 per cent. of the current issued share capital) to employees, consultants and other officers of the Company.

The new options vest in three (3) tranches: (i) One-third vests immediately on award; (ii) one-third  vests upon the commencement of production at the Silverking Mine; and (iii) one-third vests on 1 November 2026. The new options have an exercise price of 1.40p per new Ordinary Share. The new options will lapse five years after the date of the award, being 25 March 2031. The exercise price represents a 55 per cent. premium to the mid-market closing price of 0.90p per Ordinary Shares as at 24 March 2025, and a 40 per cent. premium to the 30-day volume weighted average share price 1.00p for the 30 trading days ended 24 March 2026.  Further details of the new options awards are as follows:

Individual	Number of new options
Directors:
Colin Bird	23,000,000
Kjeld Thygesen	300,000
Alastair Ford	300,000
Joel Silberstein	12,000,000
Employees, consultants and other officers of the Company:
Other	44,100,000
Total	79,700,000

In making the new option awards, the Board considers that the management remuneration and incentives align with long-term shareholder value creation and provide commercial protections for the Company and its shareholders as a whole. In particular, the new option exercise price is set a significant premium to the current share price and vest over time and subject to the conditions described above, aligning the interests of the option holders with shareholders.

A copy of this announcement: www.xtractresources.com

Enquiries:

Xtract Resources Plc	Colin Bird, Executive Chairman	+44 (0)20 3416 6471 www.xtractresources.com
Beaumont Cornish Limited Nominated Adviser	Roland Cornish Michael Cornish Felicity Geidt	+44 (0)207628 3369 www.beaumontcornish.co.uk
AlbR Capital Limited Joint Broker	Jon Bellis Colin Rowbury	+44 (0)207 399 9427 www.albrcapital.com

Shard Capital Partners LLP Joint Broker	Damon Heath	+44 (0) 20 7186 9952 www.shardcapital.com

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1.    Colin Bird

2.    Joel Silberstein

3.    Kjeld Thygesen

4.    Alastair Ford

2

Reason for the notification

a)

Position/status

1. Chairman

2. Finance Director

3. Non-Executive Director

4  Non-Executive Director

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Xtract Resources plc

b)

LEI

213800A71LZ79EKUNC34

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Options over Ordinary Shares of 0.02p each ("Ordinary Shares")

Identification code

ISIN: GB00BYSX2795

b)

Nature of the transaction

Issue of Options over Ordinary Shares

c)

Price(s) and volume(s)

Director	Price payable on exercise of option		Volume(s)
Colin Bird	P	1.40	23,000,000
Joel Silberstein	P	1.40	12,000,000
Kjeld Thygesen	p	1.40	300,000
Alastair Ford	p	1.40	300,000

d)

Aggregated information

- Aggregated volume

35,600,000 options over Ordinary Shares

- Price

1.40p

e)

Date of the transaction

25 March 2026

f)

Place of the transaction

Outside a trading venue

ENDS

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