Halo Minerals Raises £4 Million in AIM IPO; Advances Playa Verde Copper Project
Halo Minerals raised £4 million through an AIM IPO, enhancing its financial position for the Playa Verde Copper Project. The company reports a cash balance of £2.549 million and plans to complete BFS-level workstreams by Q3 2026, which are crucial for project advancement.
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Halo Minerals secured £4 million through its AIM IPO, concluding the period with a cash balance of £2.549 million, up from £356,000 at the end of 2025. The company is debt-free, with a projected financial runway extending into H2 2027.
The Playa Verde Copper Project in Chile shows a projected NPV10 of US$154 million and an IRR of approximately 51%. Workstreams for the Bankable Feasibility Study are on track for Q3 2026, supported by BIOS Mining & Infrastructure.
The group reported a pre-tax loss of £2.914 million for H1 2026, with plans to keep annual G&A costs under £1.2 million ahead of the Final Investment Decision. The dismissal of a judicial challenge against the project's environmental approval is expected to facilitate progress.
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