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Halo Minerals is set to join the AIM market, targeting a £4 million raise and a market cap of around £20 million. The company specializes in battery metals, notably copper, amid soaring demand driven by electrification and renewable energy.

The IPO is intended to bolster the London Stock Exchange during a period of reduced flotations. Funds will be directed towards the Playa Verde project in Chile and securing maritime access rights. The company plans to process copper tailings in a new facility and produce copper cathodes, with production anticipated by 2028. Halo, previously known as Guardian Metals, is enhancing its visibility and shareholder base through this listing.