Arkle Resources (AIM:ARK) posted a loss before tax of approximately £2m for the year ended 31 December 2025, but the more consequential development sits just outside the reporting period: a January 2026 acquisition of an 85% interest in four uranium exploration licences in Namibia that the company says has fundamentally reoriented its strategy.
The energy metals explorer, which spent 2025 pursuing gold, zinc and lithium interests across Ireland and Botswana, recorded administrative expenses of roughly £272,000 and took an impairment charge of £1.77m against exploration and evaluation assets, driving the loss from operations to £2.04m.
The Namibian licences, in the Erongo Region contiguous to Rössing, Trekkopje and Marenica deposits, were acquired alongside a significantly oversubscribed £1.7m placing to fund exploration; vendor sampling during 2025 returned uranium grades of up to 3,855 parts per million.
"The beginning of a sustained global nuclear expansion cycle is underway," Executive Chairman John Teeling said, pointing to completed geophysical surveys that have defined multiple high-priority drill targets across paleochannel and uraniferous leucogranite styles, with approximately 4,000 metres of reverse-circulation drilling planned to commence imminently.
In Ireland, partner Group Eleven Resources completed a four-hole drill programme at Carrickittle West, identifying two new priority targets six kilometres from Glencore's 45-million-tonne Pallas Green deposit, with an expanded 15,500-metre programme now underway.
