REG - Halo Minerals PLC - Admission to AIM and First Day of Dealings
30/03/2026 08:00
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RNS Number : 5359Y Halo Minerals PLC 30 March 2026
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30 March 2026
Halo Minerals PLC
("Halo Minerals", the "Company" and, together with its subsidiaries, the
"Group")
Admission to AIM and First Day of Dealings
Investor Presentation
Halo Minerals PLC, the copper development company focused on extracting
critical minerals from legacy mining waste, is pleased to announce the
admission of its ordinary shares of £0.001 pence each in the capital of the
Company ("Ordinary Shares") to trading on the AIM market of the London Stock
Exchange ("Admission") and its First Day of Dealings. The Company's Ordinary
Shares will commence trading at 8.00 a.m. today under the ticker symbol "HALO"
and the ISIN GB00BP92JV57.
The Company has raised gross proceeds of £4 million pursuant to a placing of
22,222,223 Ordinary Shares at an issue price per Ordinary Share of 18 pence
(the "Placing"). On Admission the Company will have 110,744,746 Ordinary
Shares in issue with a market capitalisation of approximately £20 million.
The Group's principal asset is the Playa Verde Project (the "Project"),
comprising six mining concessions over an area of approximately 13.57km(2) of
copper-bearing tailings located in the coastal town of Chañaral in the
Atacama Region of northern Chile.
The Company's Admission Document and information required pursuant to AIM Rule
26 is available on the Company's website at https://halominerals.co.uk/
(https://halominerals.co.uk/) .
Highlights:
· The Group plans to advance the Project on an accelerated timeline to
production utilising funds raised on Admission which is expected to take the
Project to a final investment decision, or to a stage at which alternative
project funding options are available for the Project.
· The Project has a JORC compliant mineral resource of 53Mt at 0.24% Cu
including Ore Reserves of 32.2 Mt with an average grade of 0.25% Cu which
contain an in situ fine copper content of 79,359 tonnes. Based solely on the
Ore Reserves set out in the Competent Person's Report, and based on a copper
price of $5.30/lb and gold price of $4,300/oz, the Ore Reserves have an
estimated net present value (NPV10) of US$154.1 million and IRR of 50.9% after
tax.
· The Company also intends to pursue additional growth opportunities in
Chile and,
potentially, other international jurisdictions.
· Global demand for copper is underpinned by its essential role in
electrical conductivity, durability and corrosion resistance, making it
difficult to substitute at scale in many applications. According to ICSG,
copper demand is driven primarily by construction, electrical and electronic
products, transport equipment and industrial machinery, with usage closely
linked to global economic activity and infrastructure investment. Copper plays
a key role in electrification and is also a key element required for the
construction of data centres. Refined copper consumption has historically
grown broadly in line with global GDP, reflecting copper's status as a core
industrial metal.
· Cairn Financial Advisers LLP is acting as the Company's Nominated
Adviser with Global Investment Strategy UK Limited acting as the Company's
Broker.
Andrew Dennan, Chief Executive Officer of Halo commented:
"Today's admission to AIM represents a significant milestone for Halo. We are
well-positioned to support the global transition to sustainable energy through
the extraction of critical minerals, delivering both environmental and
economic value. Listing on AIM strengthens our ability to grow as a company by
enhancing our visibility, broadening our shareholder base and providing a
platform from which to pursue our long-term strategy. I would like to thank
our team and investors for their support as we enter this new and exciting
phase for the business and look forward to providing further updates as we
accelerate our flagship project towards production."
Investor Presentation
The Company will host a live presentation through the Investor Meet platform
on Thursday 9 April 2026 at 11:00 BST The presentation is open to all
existing and potential shareholders. Questions can be submitted pre-event via
the Investor Meet Company dashboard up on the platform until Wednesday 8
April 2026 at 09:00 BST or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Halo
Minerals via:
https://www.investormeetcompany.com/halo-minerals-plc/register-investor
(https://www.investormeetcompany.com/halo-minerals-plc/register-investor)
Investors that already follow Halo Minerals on the Investor Meet Company
platform will automatically be invited.
The Directors of the Company are responsible for the release of this
announcement.
Enquiries:
Halo Minerals PLC Via Tavistock below
Andrew Dennan, Chief Executive Officer
Frank Jackson, Chief Financial Officer
Information@HaloMinerals.com
www.halominerals.co.uk
Cairn Financial Advisers LLP (NOMAD) +44 20 7213 0880
Liam Murray
Ludovico Lazzaretti
James Western
Global Investment Strategy (Broker) +44 20 7048 9045
Christopher Kipling
Tavistock (Public Relations) +44 20 7920 3150
Nick Elwes
Josephine Clerkin
Gareth Tredway
Forward Looking Statements
This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
Company's ability to execute and implement future plans, and the occurrence of
unexpected events. Actual results achieved may vary from the information
provided herein as a result of numerous known and unknown risks and
uncertainties and other factors.
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