Admission to AIM and First Day of Dealings

Halo Minerals PLC

30 March 2026

 

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA, COLLECTIVELY THE "UNITED STATES"), CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL.

30 March 2026

Halo Minerals PLC

("Halo Minerals", the "Company" and, together with its subsidiaries, the "Group")

Admission to AIM and First Day of Dealings

Investor Presentation

Halo Minerals PLC, the copper development company focused on extracting critical minerals from legacy mining waste, is pleased to announce the admission of its ordinary shares of £0.001 pence each in the capital of the Company ("Ordinary Shares") to trading on the AIM market of the London Stock Exchange ("Admission") and its First Day of Dealings. The Company's Ordinary Shares will commence trading at 8.00 a.m. today under the ticker symbol "HALO" and the ISIN GB00BP92JV57.

The Company has raised gross proceeds of £4 million pursuant to a placing of 22,222,223 Ordinary Shares at an issue price per Ordinary Share of 18 pence (the "Placing").  On Admission the Company will have 110,744,746 Ordinary Shares in issue with a market capitalisation of approximately £20 million.

The Group's principal asset is the Playa Verde Project (the "Project"), comprising six mining concessions over an area of approximately 13.57km² of copper-bearing tailings located in the coastal town of Chañaral in the Atacama Region of northern Chile.

The Company's Admission Document and information required pursuant to AIM Rule 26 is available on the Company's website at https://halominerals.co.uk/. 

Highlights:

·    The Group plans to advance the Project on an accelerated timeline to production utilising funds raised on Admission which is expected to take the Project to a final investment decision, or to a stage at which alternative project funding options are available for the Project. 

·    The Project has a JORC compliant mineral resource of 53Mt at 0.24% Cu including Ore Reserves of 32.2 Mt with an average grade of 0.25% Cu which contain an in situ fine copper content of 79,359 tonnes. Based solely on the Ore Reserves set out in the Competent Person's Report, and based on a copper price of $5.30/lb and gold price of $4,300/oz, the Ore Reserves have an estimated net present value (NPV10) of US$154.1 million and IRR of 50.9% after tax.

·    The Company also intends to pursue additional growth opportunities in Chile and,

potentially, other international jurisdictions.

·    Global demand for copper is underpinned by its essential role in electrical conductivity, durability and corrosion resistance, making it difficult to substitute at scale in many applications. According to ICSG, copper demand is driven primarily by construction, electrical and electronic products, transport equipment and industrial machinery, with usage closely linked to global economic activity and infrastructure investment. Copper plays a key role in electrification and is also a key element required for the construction of data centres. Refined copper consumption has historically grown broadly in line with global GDP, reflecting copper's status as a core industrial metal.

·    Cairn Financial Advisers LLP is acting as the Company's Nominated Adviser with Global Investment Strategy UK Limited acting as the Company's Broker.

Andrew Dennan, Chief Executive Officer of Halo commented:

"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. 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. I would like to thank our team and investors for their support as we enter this new and exciting phase for the business and look forward to providing further updates as we accelerate our flagship project towards production."

Investor Presentation

The Company will host a live presentation through the Investor Meet platform on Thursday 9  April 2026 at 11:00 BST The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up on the platform until Wednesday 8  April 2026 at 09:00 BST or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Halo Minerals via: https://www.investormeetcompany.com/halo-minerals-plc/register-investor

Investors that already follow Halo Minerals on the Investor Meet Company platform will automatically be invited.

The Directors of the Company are responsible for the release of this announcement.

Enquiries:

Halo Minerals PLC	Via Tavistock below
Andrew Dennan, Chief Executive Officer Frank Jackson, Chief Financial Officer
[e-mail]
www.halominerals.co.uk
Cairn Financial Advisers LLP (NOMAD)	[phone]
Liam Murray Ludovico Lazzaretti James Western
Global Investment Strategy (Broker)	[phone]
Christopher Kipling
Tavistock (Public Relations)	[phone]
Nick Elwes Josephine Clerkin Gareth Tredway

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company's ability to execute and implement future plans, and the occurrence of unexpected events.   Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. 

 

END