Strongbow Exploration Inc. said May 14 that it expects to hit the Alternative Investment Market board of the London Stock Exchange in June as part of its efforts to raise £25 million over the next 18 months to progress the South Crofty tin project in the U.K. to a production decision.
CEO Richard Williams flagged the new listing earlier this year, saying "AIM likes projects that are close to production." The miner's shares will also remain listed on the TSX Venture Exchange.
Strongbow previously said it plans to seek between US$110 million and US$120 million in project financing after completing the South Crofty's feasibility study, with first production targeted for 2021.
In a separate statement, Strongbow said Matthew Hird was named CFO, with immediate effect.
