RCS - Halo Minerals PLC - Intention to Float

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RNS Number : 6950W  Halo Minerals PLC  16 March 2026

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR
IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF
AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED
STATES AND THE DISTRICT OF COLUMBIA, COLLECTIVELY THE "UNITED STATES"),
CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH
DISTRIBUTION WOULD BE UNLAWFUL. FURTHER THIS ANNOUNCEMENT SHALL NOT CONSTITUTE
OR FORM PART OF ANY OFFER TO SELL OR THE SOLICITATION TO SELL OR ISSUE OR THE
SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ORDINARY SHARES OF
HALO MINERALS PLC (THE "COMPANY") IN ANY JURISDICTION.

 

Neither this Announcement, nor anything contained herein, nor anything
contained in the admission document to be prepared and published by the
Company in accordance with the AIM Rules for Companies published by the London
Stock Exchange plc (the "Admission Document") shall  form the basis of, form
part of, or be relied upon in connection with, or act as any inducement to
enter into an offer or commitment whatsoever in any jurisdiction. Investors
should not subscribe for or purchase any securities referred to in this
Announcement except solely on the information contained in the Admission
Document in its final form (together with any supplementary admission document
if relevant),  including the risk factors set out or to be set out therein,
that may be published by the Company  in connection with the proposed
admission of the ordinary shares of the Company to trading on the AIM market
of the London Stock Exchange plc. A copy of any Admission Document published
by the Company will, if published, be available for inspection on the
Company's website at https://halominerals.co.uk, subject to certain access
restrictions.

16 March 2026

Halo Minerals PLC

("Halo Minerals", the "Company" and together with its subsidiaries, the
"Group")

Intention to Float

 

Halo Minerals PLC, the copper development company focused on extracting
critical minerals from legacy mining waste, is pleased to announce its
intention to seek admission of its ordinary shares to trading on the AIM
Market ("AIM") of the London Stock Exchange plc ("Admission").

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.

 

Highlights:

·    The Company has conditionally raised approximately £4 million
through the placing of new ordinary shares in the Company to certain
institutional investors (the "Placing").

 

·    The Company is seeking Admission in order to take advantage of AIM's
profile, broad investor base, liquidity and access to institutional and other
investors and to further support the achievement of the Company's strategic
objectives.

 

·    Cairn Financial Advisers LLP is acting as the Company's Nominated
Adviser with Global Investments Strategy UK Limited acting as the Company's
Broker.

 

·    The Company's shares are expected to be admitted to AIM in March 2026
and will have the AIM ticker of HALO.

 

 

Andrew Dennan, Chief Executive Officer of Halo commented:

"We are delighted to announce our intention to seek admission of Halo on
AIM.

Admission to AIM represents a significant milestone for the Company. The Board
believes that being publicly traded will enhance our visibility, broaden our
shareholder base and provide a platform from which to pursue our long-term
growth strategy."

 

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

 

 

The Board

 

Andrew Dennan (aged 41) - Chief Executive Officer

Mr Dennan has extensive public company experience and has served as Chief
Executive Officer of Halo Minerals PLC since 2024 (having previously been a
Non-Executive Director of the Company since 2019). Additionally, he has been a
Director of Gemi Global Limited since 2025, Copper Bay Limited since 2025, and
an investment adviser at Almace Asset Management LLP since 2023. Previously he
was Chief Executive Officer at Ascent Resources PLC from 2020-2025, Chief
Financial Officer at Coro Energy PLC from 2018-2020 (followed by Non-Executive
Director from 2020-2022) and a Non-Executive Director at Alpha Growth PLC from
2015-2019. Prior to this, Mr Dennan was a partner at Baron Lux LLP from
2013-2020, Head of Investments at Darwin Strategic Limited from 2013-2018 and
partner at Astin Capital LLP from 2011-2012. Mr Dennan graduated from Cass
Business School in 2007 with a BSc Actuarial Science; he commenced his career
at Bridge Hall Stockbrokers Limited followed by Pretium Securities Limited.

 

Francis Jackson (aged 77) - Chief Financial Officer

Mr Jackson currently serves as Chief Financial Officer and Director at Halo
Minerals PLC since 2024 (having previously been a Non-Executive Director of
the Company since 2011). Prior to this he was the founding shareholder and
director of Cool Planet Technologies from 2019 till 2024; the Commercial
Director at Aurelian Oil & Gas Limited from 2002-2009, Chief Financial
Officer at Saudi Arabian Amiantit Company from 2000-2005, Chief Executive
Officer at Trade & Investment Bank Limited and a Director at National
Merchant Bank in Zimbabwe Limited from 1997-1999, Director at Medusa Petroleum
Limited (European oil exploration company) from 1994-2002 and Director at Ryan
Group from 1988-1989, having joined the company in the early 1980s. Mr Jackson
was a founder and Chairman of the British Polish Chamber of Commerce from
1992-1993, remaining a Director until 1995, and Chairman of a school and a
theatre in Harare, Zimbabwe between 1979-1999. Additionally, he was a
co-Founder of St John's College Cardiff in 1983.

 

Erick Pegot-Ogier Pelagatti (aged 42) - Chief Operating Officer

Mr Pegot-Ogier was the General Manager at Boku Resources SAC from 2024-2025,
co-Founder and Chief Executive Officer at Quantica Inversiones Peru SAC,
Director at Cuantica Metals SAC and its affiliates from 2017-2023. Prior to
this, he was General Manager at Promotores Ejecutivos SAC (trading as Promesa)
from 2014-2017. Mr Pegot-Ogier graduated from Universidad de Lima in 2007 with
an LLB Law and commenced his career as legal counsel at Consorcio de
Inversiones del Pacifico SAC (Pacific Investment JV) from 2008-2013; he
subsequently gained an MBA from Hult International Business School in 2014.

 

David Minchin (aged 45) - Senior Independent Non-executive Director

David Minchin is a highly experienced Managing Director with over 20 years in
exploration geology and corporate finance. He has a proven track record in
project management, M&A, and fundraising, having successfully led several
London IPOs. Mr Minchin has extensive experience in African operations, having
managed $450 million in private equity investments into exploration projects
across various commodities. His recent roles include Chairman of Helix
Exploration plc, Chief Geologist at Evechem GmbH, CEO of Helium One Global
Limited, and Director of Geology at AMED Funds. Mr Minchin's leadership has
been instrumental in advancing projects from exploration to production and
generating value for stakeholders.

 

Daniel Bloor (aged 44) - Independent Non-executive Director

Daniel Bloor brings over 22 years of international minerals and exploration
experience to the Board. Starting as a geologist, Mr Bloor progressed into
consulting, advisory and executive leadership, establishing ventures focused
on raw materials, technology and sustainability. He is skilled in fundraising,
technical due diligence, strategic development and currently holds multiple
executive positions. Mr Bloor's career highlights include co-founding The
CloudMiner Limited, leading international business development for Chengdu
Chemphys Chemical Industries as well as serving as Technical Director for
Tethyan Mining Resources and Barracuda Holdings. He has significant expertise
in project valuations, capital raising, and technical oversight across Europe,
Asia, Africa, and the Americas.

 

IMPORTANT NOTICES

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, SOUTH
AFRICA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL

This Announcement has been issued by and is the sole responsibility of the
Company.

This information contained in this Announcement is restricted and is not for
release, publication or distribution, directly or indirectly, in whole or in
part, in, into or from the United States, Australia, Canada, Japan or the
Republic of South Africa or any jurisdiction in which the same would be
unlawful.

This Announcement is for information purposes only and does not constitute an
offer to sell or issue or the solicitation of an offer to buy, acquire or
subscribe for shares in the capital of the Company in the United States,
Australia, Canada, Japan or the Republic of South Africa or any other
jurisdiction where such offer or solicitation may be restricted, unlawful or
unauthorised. Any failure to comply with these restrictions may constitute a
violation of the securities laws of such jurisdictions. Subject to certain
exemptions, the securities referred to herein may not be offered or sold in
Canada, Australia, the Republic of South Africa or Japan or to, or for the
account or benefit of any national resident or citizen of Canada, Australia,
the Republic of South Africa or Japan. The ordinary shares in the capital of
the Company ("Ordinary Shares") have not been and will not be registered under
the United States Securities Act of 1933, as amended ("Securities Act") or the
securities laws of any other jurisdiction of the United States, and may not be
offered, sold, taken up, exercised, resold, renounced, delivered or
transferred, directly or indirectly, in the United States absent registration
under the Securities Act or an available exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act and the
securities laws of any other jurisdiction of the United States. There will be
no public offer of the securities in the United States. Neither the US
Securities and Exchange Commission nor any securities regulatory body of any
state or other jurisdiction of the United States, nor any securities
regulatory body of any other country or political subdivision thereof, has
approved or disapproved of this document or the securities discussed herein or
passed on or endorsed the merits of the Placing or the accuracy or adequacy of
the contents of this Announcement. Any representation to the contrary is a
criminal offence in the United States.

No prospectus will be made available in connection with the matters contained
in this Announcement and no such prospectus is required (in accordance with
the UK Prospectus Regulation (as defined below)) to be published.

This Announcement is addressed to and directed only at persons who are (a)
persons in member states of the European Economic Area who are "qualified
investors" within the meaning of paragraph 2 of Schedule 1 of the Public
Offers and Admissions to Trading Regulations 2024 (SI 2024/105, as amended) or
(b) persons in the United Kingdom who are "qualified investors" within the
meaning of paragraph 2 of Schedule 1 of the Public Offers and Admissions to
Trading Regulations 2024 (SI 2024/105, as amended) and who (i) have
professional experience in matters relating to investments and fall within the
definition of "investment professionals" in Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended
(the "Order"), or (ii) are high net worth companies, unincorporated
associations or partnerships or trustees of high value trusts as described in
article 49(2) of the Order, or (c) persons to whom it may otherwise be lawful
to communicate it (all such persons together being referenced to as "relevant
persons"). Any investment in connection with the Placing will only be
available to, and will only be engaged with, relevant persons. Any person who
is not a relevant person should not act or rely on this Announcement or any of
its contents.

This Announcement is not being distributed by, nor has it been approved for
the purposes of section 21 of the Financial Services and Markets Act 2000 (as
amended) ("FSMA") by, a person authorised under FSMA. This announcement is
being distributed and communicated to persons in the UK only in circumstances
in which section 21(1) of FSMA does not apply. Cairn Financial Advisers LLP
("Cairn"), which is authorised and regulated in the United Kingdom by the FCA,
has not authorised the contents of this Announcement and is acting exclusively
for the Company, and no one else, in connection with Admission and the other
matters referred to in this Announcement, and is not advising or treating as a
client any other person nor will it be responsible to any person other than
the Company (whether or not a recipient of this Announcement) for providing
the protections afforded to its customers or for providing advice in relation
to Admission or any other matters referred to in this Announcement. Neither
Cairn nor any of its affiliates accepts any responsibility whatsoever for the
contents of the information contained in this Announcement or for any other
statement made or purported to be made by or on behalf of Cairn or any of its
affiliates in connection with the Company or Admission.

Global Investment Strategy Limited ("GIS") is acting only for the Company in
connection with the matters described in this Announcement and is not acting
for or advising any other person, or treating any other person as its client,
in relation thereto and will not be responsible for providing the regulatory
protection afforded to clients of GIS or advice to any other person in
relation to the matters contained herein.

Such persons should seek their own independent legal, investment and tax
advice as they see fit. The distribution of this Announcement and the offering
of the Placing Shares in certain jurisdictions may be restricted by law. No
action has been taken by the Company, Cairn or GIS that would permit an
offering of such shares or possession or distribution of this Announcement or
any other offering or publicity material relating to such shares in any
jurisdiction where action for that purpose is required.

This Announcement contains (or may contain) certain forward-looking statements
with respect to certain of the Company's current expectations and projections
about future events. These statements, which sometimes use words such as
"aim", "anticipate", "believe", "intend", "plan" "estimate", "expect" and
words of similar meaning, reflect the directors' beliefs and expectations and
involve a number of risks, uncertainties and assumptions that could cause
actual results and performance to differ materially from any expected future
results or performance expressed or implied by the forward-looking statement.
Statements contained in this Announcement regarding past trends or activities
should not be taken as a representation that such trends or activities will
continue in the future. The information contained in this Announcement is
subject to change without notice and, except as required by applicable law or
regulation, neither the Company nor Cairn nor GIS nor their respective
affiliates assume any responsibility or obligation to update publicly or
review any of the forward-looking statements contained herein. You should not
place undue reliance on forward-looking statements, which speak only as of the
date of this Announcement.

No statement in this Announcement is or is intended to be a profit forecast or
profit estimate or to imply that the earnings of the Company for the current
or future financial years will necessarily match or exceed the historical or
published earnings of the Company. The price of shares and the income from
them may go down as well as up and investors may not get back the full amount
invested on disposal of the shares.

Neither the content of the Company's website nor any website accessible by
hyperlinks on the Company's website is incorporated in, or forms part of, this
Announcement.

 

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