Rome Resources (RMR ) booked a loss of £577,000 for the six months to June 2026.
The company closed out the period with a little under £700,000 in cash, although that was subsequently topped up by a modest fundraise in late September.
“The first half of 2026 was important for the company for two key reasons, completion of a further drill programme on the Kalayi project in the mineral-rich Democratic Republic of Congo that led to a 45% increase in inferred tin resource and increase in grade, and the addition of an exciting critical mineral project in the mining-friendly jurisdiction of the Canadian province of New Brunswick,” said Rome’s chief executive Paul Barrett.
“Alongside this, the commencement of our small-scale mining programme at Kalayi represents a significant step toward converting our current permit into a full Mining Licence - a prerequisite for consolidating our ownership of the project to approximately 79%. This positions us as a diversified exploration company with near-term development potential and significant upside for the future. The company's Kalayi project sits only 8km along trend from Alphamin's Bisie mine, the world's highest grade tin mine and the trajectory of the project in terms of resource build per metre of drilling performed provides strong indications that grade and volumes will continue to improve with further drilling. At this stage, the results are pointing in the direction of a potential 20,000 tonnes target of tin through drilling in the south-east, and deeper drilling across other zones.”
View from Vox
The plan is to build the value of the DRC assets to a point where they become attractive to a larger industry player. The 45% increase in Kalayi's mineral resource estimate during the period, with grades rising to 1.47% tin and the potential to double the resource in the southeast extension, underpins this objective, alongside an increasingly compelling copper and tin story at Mont Agoma. The focus now turns to advancing the next phase of drilling at Kalayi.