Change of Name

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Gem Resources Plc (formerly URA Holdings plc)

("GEMR" or the "Company")

Change of Name and TIDM

URA Holdings Plc announces its immediate change of name to Gem Resources Plc (new ticker: GEMR).

Companies House issued a change of name certificate today, on 30 September 2024, and the legal entity name change marks the completion of the Company's rebranding to Gem Resources Plc, which reflects the Company's focus on gemstone mining and exploration.               

The new Company website can be seen at: www.gemresources.co.uk

The Financial Conduct Authority and London Stock Exchange has been notified of the name change and trading in the Company's shares as Gem Resources is expected to commence at 8.00am on 1 October 2024. The Company's ISIN and SEDOL remain unchanged.

Shareholder's rights are unaffected by the change. Existing share certificates remain valid and should be retained.

Ed Nealon, Chairman of Gem Resources Plc, commented:

"We are excited to announce our rebranding from URA Holdings Plc to Gem Resources Plc, reflecting our renewed focus on coloured gemstone mining and exploration. With the start of production at the Gravelotte Emerald Mine and the recent acquisition of the Curlew Emerald Mine, we are becoming a leading player in the coloured gemstone sector. Unlike diamond prices, coloured gemstone prices and demand continue to rise, particularly for ethically sourced gems. Please visit our new website at www.gemresources.co.uk and sign up for updates to receive Company news and announcements."

Enquiries:

About Gem Resources Plc ("GEMR")

GEMR is an emerging emerald producer, focusing on the Gravelotte Emerald Mine (GEM). Historically, GEM is one of the world's largest emerald mines, located in South Africa. The Company s is committed to sustainable and efficient mining practices, utilizing modern technology to revive this historically significant emerald mine. Recently, the Company acquired the Curlew Emerald Mine in Australia, further expanding its emerald mining operations and assets.

For more information about Gem Resources Plc, including investor relations and corporate news, please visit our website at www.gemresources.co.uk.