13th Oct 2026 10:29
(Alliance News) - Meantime Resources PLC on Tuesday started trading on London's AIM market.
The Jersey-based investing company focused on acquiring, developing and operating high-quality mining assets in the precious and base metals sector said it raised GBP15.0 million via an institutional placing of 1.5 million new shares at GBP10 each.
Further, Meantime Resources 1.5 million warrants will be issued at GBP10 each. It has a market capitalisation of around GBP15.0 million.
Meantime Resources shares were flat at GBP10 each on Tuesday morning in London.
The firm said its initial focus is on more established mining jurisdictions within Europe, the Middle East, Africa, and Central Asia.
Meantime Resources aims to make an acquisition within 18 months, after which it would become an operating company.
In early October, the company said it envisages a total investment size of up to USD1 billion including acquisition costs and capital expenditure.
Chair Martyn Konig said Tuesday: "We are excited to have successfully brought Meantime Resources to the market. We believe the listing and industry focused investor base will provide a platform from which we can execute our acquisition strategy while simultaneously raising the company's profile and increasing access to the number of available acquisition opportunities."
Chief Executive Officer Martin Horgan said: "We believe an opportunity exists to build a full life-cycle company focused on acquiring, developing and operating high-quality precious and base metals mining assets in established mining jurisdictions. Initial work has been undertaken to identify and evaluate a pipeline of potential opportunities where we believe we will be able to apply our extensive collective experience to generate value."
By Tom Budszus, Alliance News slot editor
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