Caledonia Mining Corporation Plc reports that BlackRock, Inc. has increased its interest and crossed a major shareholding notification threshold. As of January 22, 2026, BlackRock holds 7.45% of Caledonia’s voting rights, corresponding to 1,439,059 voting rights, up from 6.20% previously.
The new position consists of 6.51% of voting rights attached to shares, representing 1,258,601 shares with ISIN JE00BF0XVB15, and a further 0.93% of voting rights held through financial instruments. These instruments include securities lending over 35,124 voting rights (0.18%) and cash‑settled CFDs over 145,334 voting rights (0.75%). The change makes BlackRock a significant institutional holder with a larger influence on shareholder votes.
Caledonia Mining Corporation Plc outlines a four-part funding strategy to develop its Bilboes gold project in Zimbabwe, anchored by a recently closed US$150 million, 7-year convertible senior notes offering that drew more than US$600 million of demand from institutional investors. The notes carry a 5.875% coupon, with an initial conversion price of about US$40.51 per share (a 25% premium) that is effectively raised to about US$56.72 per share (a 75% premium) through capped call options, leaving net proceeds of roughly US$130 million.
To support cash flows during peak Bilboes spending, Caledonia has hedged 3,000 ounces of gold per month at a minimum US$3,500 per ounce from January 2026 to December 2028, backed by production from Blanket Mine. The company is also arranging an interim funding facility of up to US$150 million with regional banks and plans to launch a formal project finance process in the first quarter of 2026, aiming to order long-lead equipment in the third quarter of 2026 and progress Bilboes in line with its feasibility-study timetable.
Caledonia Mining Corporation Plc reports that major shareholder BlackRock, Inc. has notified the company of an increase in its holding that crossed a UK disclosure threshold. On 16 January 2026, BlackRock’s total interest reached 6.20% of voting rights, made up of 5.63% held through ordinary shares and 0.56% through contracts for difference (CFDs), representing 1,197,834 voting rights in total.
Previously, BlackRock’s position was 5.81% (4.12% in shares and 1.68% via financial instruments), so this filing records a shift toward more directly held shares and a modest overall increase in its stake. The disclosure is made via a standard TR‑1 notification of major holdings, as required under UK and AIM rules when significant shareholders cross specified ownership thresholds.
Caledonia Mining Corporation Plc reports that BlackRock, Inc. has notified a change in its major shareholding. As of the threshold crossing on 15 January 2026, BlackRock’s total position in Caledonia amounts to 5.81% of voting rights, corresponding to 1,122,249 voting rights, up from a previously notified 5.37%.
The new position comprises 4.12% of voting rights attached to shares, representing 796,267 voting rights, and 1.68% through financial instruments. These instruments include securities lending over 232,902 voting rights (1.20%) and cash-settled CFDs over 93,081 voting rights (0.48%). The notification is made under the UK’s TR-1 major holdings regime, with Caledonia classified as a non-UK issuer.
Caledonia Mining Corporation Plc has closed its previously announced upsized offering of 5.875% Convertible Senior Notes due 2033 for an aggregate principal amount of $150 million, including the full exercise of an additional $25 million option by the initial purchasers. The Notes bear a 5.875% annual cash coupon, payable semi-annually starting on July 15, 2026, and mature on January 15, 2033 unless earlier converted, redeemed or repurchased.
The Notes are convertible at a price of about $40.51 per common share, representing a 25% premium to the NYSE American share price on January 14, 2026. Caledonia also purchased cash-settled capped call options with a cap price of about $56.72, a 75% premium to that share price, for approximately $14.4 million to help mitigate potential economic dilution upon conversion. Conversions may be settled in shares, cash or a combination, at Caledonia’s election.
Caledonia Mining Corporation Plc filed a Form 6-K for January 2026 to furnish a press release dated January 14, 2026 as Exhibit 99.1. The company also states that this exhibit is incorporated by reference into its existing shelf Registration Statement on Form F-3 (File No. 333-281436), allowing that disclosure to form part of the registration statement.