Blencowe Issues 12 Million DFS Performance Shares After Feasibility Milestone

Blencowe Resources Plc ( (GB:BRES) ) has issued an update.

Blencowe Resources has issued 12 million new ordinary shares following the vesting of its DFS Performance Options, triggered by the completion and publication of the company’s Definitive Feasibility Study on 1 December 2025. The new DFS Performance Shares, which are subject to a 12‑month lock-up, are being allocated largely to directors and key consultants, modestly increasing their equity stakes and aligning management incentives with long-term project success. Admission of these shares to trading on the London Stock Exchange’s main market is expected on 9 January 2026, taking Blencowe’s enlarged issued share capital to 475,670,465 ordinary shares, a change that slightly dilutes existing shareholders but clarifies the new capital and voting base for regulatory disclosure purposes.

Spark’s Take on GB:BRES Stock

According to Spark, TipRanks’ AI Analyst, GB:BRES is a Underperform.

Blencowe Resources Plc faces significant financial instability with zero revenue, consistent losses, and negative cash flows, which weigh heavily on the stock’s overall score. While technical indicators suggest a bearish outlook, recent corporate developments, including funding and strategic agreements, provide some potential for future growth. However, the current financial and operational challenges dominate the evaluation, resulting in a low overall stock score.

To see Spark’s full report on GB:BRES stock, click here.

More about Blencowe Resources Plc

Blencowe Resources Plc is a London-listed company (LSE: BRES) operating in the natural resources sector, focused on advancing its projects through exploration, development and feasibility stages to support future production and value creation for shareholders.

Average Trading Volume: 5,373,012

Technical Sentiment Signal: Buy

Current Market Cap: £33.15M

For an in-depth examination of BRES stock, go to TipRanks’ Overview page.