Falcon Energy investor La Mancha subscribes for units

Executive Summary

• La Mancha Investments SARL, a subsidiary of La Mancha Resource Fund SCSp, subscribed for 15,505,000 units of Falcon Energy Materials PLC in a non-brokered private placement, bringing its total ownership stake to approximately 22.8% of issued and outstanding shares.
• The transaction closed on February 20, 2026, with aggregate consideration of $9,303,000, significantly increasing La Mancha's beneficial ownership and control over Falcon Energy Materials.
• La Mancha intends to file an early warning report with securities regulators to disclose this material change in ownership interest.

Key Details

• Transaction Structure: Non-brokered private placement subscription.
• Investor: La Mancha Investments SARL (wholly owned subsidiary of La Mancha Resource Fund SCSp, advised by La Mancha Resource Capital LLP).
• Quantity: 15,505,000 units.
• Price: 60 cents per unit.
• Aggregate Consideration: $9,303,000.
• Unit Composition: Each unit consists of one ordinary share of Falcon and one share warrant.
• Warrant Terms: Exercisable at 75 cents per warrant for a period of three years.
• Closing Date: February 20, 2026.
• Pre-Subscription Ownership:
  • Shares: 23,276,274 (approx. 18.1% of issued-and-outstanding shares).
  • Warrants: 4,166,666.
  • Partially Diluted Ownership: 27,442,940 shares (approx. 20.7%).
• Post-Subscription Ownership:
  • Shares: 38,781,274 (approx. 22.8% of issued and outstanding shares).
  • Warrants: 19,671,666.
  • Partially Diluted Ownership: 58,452,940 shares (approx. 30.8% of outstanding shares).
• Regulatory Filing: La Mancha intends to file an early warning report containing additional information regarding the subscription.
• Future Intent: La Mancha may acquire additional securities or dispose of holdings through market transactions, private agreements, or treasury issuances.