Lansdowne pivots into Brazilian graphite with £1.9m raise and AIM return

Lansdowne Oil & Gas ( (GB:LOGP) ) has provided an update.

Lansdowne Oil & Gas has agreed to acquire São Gabriel Mineração, which owns the Macaubas graphite project in Brazil, marking a strategic shift into critical minerals and away from its legacy pure-play oil and gas profile. The move is accompanied by a proposed rebranding to Lansdowne Resources, reflecting its broader resources focus.

To fund the strategy, the company has conditionally raised £1.9 million via a placing and retail offer, with proceeds earmarked for advancing exploration at Macaubas and general working capital. The deal package also includes a 5:1 share consolidation, a bonus issue of preference shares to ringfence about 80% of any net proceeds from its Energy Charter Treaty claim over the Barryroe project for existing holders, and a planned readmission of the enlarged share capital to trading on AIM.

Lansdowne will continue to pursue its funded ECT litigation, targeting a claim of at least $100 million plus interest against Ireland, with shareholders on readmission entitled to a 20% share of any net recovery. Management argues this dual track of graphite development and potential legal upside could create material value given the company’s expected modest market capitalisation at readmission and the presence of experienced local leadership from SGM’s founder joining the board.

More about Lansdowne Oil & Gas

Lansdowne Oil & Gas plc is an energy company listed on AIM, historically focused on oil and gas assets including the Barryroe project offshore Ireland. The company is now pivoting into the critical minerals sector through the acquisition of a Brazilian graphite project, aiming to reposition itself as a diversified resources player under the proposed new name Lansdowne Resources Plc.

Technical Sentiment Signal: Strong Sell

Current Market Cap: £1.39M

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