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Halo Minerals PLC shares fell on Monday as it started trading on the AIM market of the London Stock Exchange. The London-based mineral development company, which is focused on the evaluation and potential development of mineral assets, said it raised £4 million via the placing of 22.2 million new shares to some institutional investors. On admission, the firm said it will have 110.7 million shares at an issue price of 18 pence each, with a market capitalisation of around £20 million. Shares in Halo Minerals were down 26% at 13.25p on Monday morning in London. Halo Minerals’ main asset is the Playa Verde project, made up of six mining concessions over an area of copper-bearing tailings in Chanaral, northern Chile. ‘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,’ said Chief Executive Officer Andrew Dennan. ‘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.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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