Refer to the Team Page for full details on the Board of Directors.

Currently there are no separate committees. All Board members participate in all aspects of the Company’s operations and reporting functions. This will change after the Company secures its first asset.

The Company was formed to acquire one or more target companies or businesses. The resulting investment may be in a company, partnership, special purpose vehicle or joint venture. The Company will focus on opportunities in the natural resources sector, such as exploration, appraisal, and development, particularly projects with identified reserves and/or resources. The Company will target opportunities that require funding for development and/or increase production rates. The Company will also focus on those opportunities that would provide the Company with an economic interest (by equity, royalty or debt participation) whose potential value, over the long term, is greater than the price and costs expended by the Company to acquire them. The Company’s opportunities will not be limited to a particular geographic location. The Company has no specific Acquisition target under consideration and does not expect to engage in substantive negotiations with any target until after re-admission. The Company cannot indicate the size of the Acquisition target, and it will consider a range of prospective opportunities. Instead, the Company will primarily focus on opportunities that meet the Acquisition criteria and are likely to generate shareholder value. The Company has no current operations or principal activities, and no products or services are sold or performed by the Company. The Company does not operate in any specific market. The Company has no subsidiaries, nor does it have any branch offices. Unless required by applicable law or other regulatory process, no Shareholder approval will be sought by the Company concerning any proposed Acquisition. However, any acquisition will be treated as a reverse takeover, and the company will need to seek re-admission for the enlarged group for trading on the London Stock Exchange or to another stock exchange. Subsequent acquisitions may also be treated as Reverse Takeovers depending on their size and nature.

The Company was incorporated and registered in England and Wales on 8 April 2021 as a private limited company with the name ACP Energy Ltd under the Companies Act. The Company was re-registered as a public limited company on 23 August 2021 with the name ACP Energy Plc. The Company changed its name to ALT Resources on October 15, 2024. The principal legislation under which the Company operates and under which the Ordinary Shares have been created is the Companies Act. The Company is domiciled in the United Kingdom.

Cairn Financial Advisers LP

To implement its business strategy, as at the date of this Document, the Company has adopted the corporate governance structure set out below: Governance Code Companies need to deliver growth in long-term shareholder value. This requires an efficient, effective, and dynamic management framework and should be accompanied by good communication, which helps to promote confidence and trust. ALT Resources is committed to the principles as documented below:

• Establish a strategy and business model that promote long-term value for shareholders The Board believes that the Company’s strategy, as set out in Section 1 and our annual report, will deliver long-term value for shareholders and the associated KPIs allow the Board to monitor progress in implementing that strategy.
• Promote a corporate culture that is based on ethical values and behaviours The Board and senior management endeavour to lead by example and to demonstrate the Company values at all times. The values underpin the Company’s strong ethical culture and influence decision making and behaviours. Internal policies and practices support this, ensuring no one is discriminated against and that the values are upheld. The Company’s Anti-Bribery and Corruption Policy is reviewed annually. Any known non-compliance with the policy is reported to the Board as part of the Governance Report, with no reports received to date.
• Seek to understand and meet shareholder needs and expectations The Co-Chief Executive Officers and the Chief Financial Officer intend to regularly meet with our significant shareholders to foster a mutual understanding of objectives. Feedback from these meetings and market updates, prepared by the Company’s nominated adviser and broker, will be presented to the Board to ensure they understand shareholders’ views. The Chairman and the other Non-Executive Directors are available to shareholders to discuss strategy and governance issues. The Directors encourage the participation of all shareholders, including private investors, at the annual general meeting. The Annual Report, which includes the Company’s financial accounts is published on the Company’s website and can be accessed by shareholders.
• Take into account wider stakeholder interests, including social and environmental responsibilities and their implications for long-term success Our engagement with all our stakeholder groups is important in any strategic decision making, with formal and informal feedback from stakeholders being shared at Board meetings and used to inform and influence key matters and decisions made by the Board. Our engagement in investor relations activities, demonstrates our commitment to transparent communication with investors. The Company intends to conduct itself responsibly concerning the environment and local communities in partnership with investee companies as it implements its business strategy. The Company is committed to ensuring that its investee companies practice sound environmental management, and has policies to comply, in all material respects, with applicable environmental laws and regulations. All of Company’s employees, officers, and directors are expected to comply with our policies, programs, standards, and procedures with respect to environmental management. The Company fosters a work environment where everyone is treated with respect and dignity. The Company is an equal opportunity employer and does not discriminate against employees, officers, directors, or potential employees, officers, or directors based on race, colour, religion, gender, national origin, age, sexual orientation, disability, or any other category protected by any laws or regulations applicable in the jurisdiction where such employees, officers or directors are located. The Company will make reasonable accommodations for its directors, officers, and employees in compliance with applicable laws and regulations.
• Embed effective risk management, internal controls and assurance activities, considering both opportunities and threats, throughout the organisation After securing its first asset the Compay with set up Audit and Remuneration Committees. The Audit Committee will undertake a detailed review of the approach to risk management on behalf of the Board (though the Board retains overall responsibility for setting both the framework and risk appetite of the Company, in line with best practice. The Company has clear procedures for capital investment appraisal, contract risk appraisal and financial reporting. The Audit Committee and Board also receive the detailed risk reviews on a bi-annual basis which are used to inform strategy setting.
• Establish and maintain the board as a well-functioning, balanced team led by the Chairperson. The Company recognises the benefits of having a diverse Board, senior management team and workforce in general and seeks to recruit and develop the best-qualified candidates to support and achieve the Company’s long-term strategic and business objectives. The QCA Code recommends that an AIM company should have at least two independent Non-Executive Directors, with which the Company complies. The Board is satisfied that it has an appropriate balance between executive, and non-executive directors and independent directors.
• Maintain appropriate governance structures and ensure that, individually and collectively, directors have the necessary up-to-date experience, skills and capabilities. The Board is satisfied that the governance arrangements for the business are appropriate and that the delegations in place are effective and with strong oversight and controls. The Board is comprised of senior executives with extensive experience covering all areas of the Company’s activities, including mining royalties and streams, accounting and finance.
• Evaluate board performance based on clear and relevant objectives, seeking continuous improvement The Board carries out an annual self-assessment of its performance. This includes evaluation of the performance and effectiveness of the Board and of its Committees. The process is led by the Chair. The results of the evaluation are the subject of a full, robust, and open debate at a meeting of the Board, where actions for improvements are agreed. Progress against these actions is then monitored and reported on throughout the year.
• Establish a remuneration policy which is supportive of long-term value creation and the company’s purpose, strategy and culture The Remuneration Committee will be tasked with establishing a remuneration policy that supports long term value creation.
• Communicate how the company is governed and is performing by maintaining a dialogue with shareholders and other relevant stakeholders The Company communicates progress throughout the year through Regulatory News Service announcements and in more detail in its interim financial statements and annual report and accounts. Results of shareholder votes are made public on the Company’s website after the meetings concerned. As mentioned above in principle 3, the Co-Chief Executive Officers and the Chief Financial Officer regularly meet with institutional shareholders to foster a mutual understanding not only of the Company’s trading performance but also of its governance and corporate culture.

ALT Resources is subject to the UK City Code on Takeovers and Mergers

Number of Ordinary Shares in issue and credited as fully paid As at the date of the Prospectus filing – 30,000,000 As at Admission – 46,600,000

Credited as fully paid up amount (£) As at the date of the Prospectus filing – 60,000

Exchange and Trading Platform The securities of ALT Resources PLC are traded on the Standard List operated by the London Stock Exchange plc.

% of Share Capital Held

• Tristream Resources – 51.00%
• Pershing Nominees – 11.80%
• Leander Christofides – 4.30%
• Paris Christofides – 4.30%
• Paul Welch – 3.07%
• La Tourelle Consulting Limited – 3.07%
• James Timothy Orbell – 3.07%
• Blumen Capital Ltd – 3.07%

Information correct as at 16 September 2024.

Share Restrictions The Ordinary Shares have no restrictions and will not be registered under the US Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be taken up, offered, sold, resold, transferred, delivered or distributed, directly or indirectly, within into or in the United States. The Company has not been and will not be registered under the Securities Act and SEC and the Shareholders will not be entitled to the benefits of those acts.

None

Shares in ALT Resources are only traded on the London Stock Exchange; the company has not applied or agreed to have them admitted to trading on any other exchanges or trading platforms.