4th Nov 2026 12:07
(Alliance News) - Axies Ventures PLC on Wednesday began trading on London's AIM market.
The Cyprus and Canada-focused copper and gold exploration and development company trades under the ticker AXV.
Axies Ventures was admitted at an issue price of 10.50 pence per share, with 89.6 million ordinary shares in issue following admission, giving it a market capitalisation of GBP9.41 million.
The placing of 7.5 million shares and subscription for 5.3 million shares at 10.50 pence each raised gross proceeds of around GBP1.34 million. Axies Ventures expects net proceeds of around GBP760,000.
Axies Ventures shares were down 2.4% at 10.25 pence on Wednesday afternoon in London, below their 10.50 pence issue price.
Axies Ventures' flagship Kokkinoantonis Complex project in Cyprus returned an intersection of 137 metres at 0.34% copper in 2025, including around 72 metres at 0.50% copper.
The project also contains historically dumped material estimated at 8.7 to 13.9 million metric tonnes, subject to further evaluation.
In Ontario, Canada, Axies Ventures has four exploration projects, including Endikai Lake, where samples have returned copper grades of up to 6.44%.
Executive Director Mike Whitlow said: "This marks an important milestone for Axies Ventures as we seek to unlock the potential of our copper- and gold-focused portfolio in Cyprus and Canada."
By Niall Holden, Alliance News reporter
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