trending Market Intelligence /marketintelligence/en/news-insights/trending/eUnO477fmgYEmRHuoY9F7g2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Alderan to list on ASX with A$8.5M IPO

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Mining M&A in 2020 — Deal activity bounces back in H2 after disrupted H1


Alderan to list on ASX with A$8.5M IPO

U.S.-focused base metals explorer Alderan Resources Ltd. has launched an IPO to raise up to A$8.5 million and list on the ASX in late May.

The Perth, Western Australia-based company is offering between 32.5 million and 42.5 million shares at 20 cents each to raise between A$6.5 million and A$8.5 million, according to an April 5 prospectus.

Alderan owns the Frisco project in Utah through wholly owned subsidiary Volantis Resources Corp.

The project hosts three advanced exploration targets known as the Cactus copper-gold-silver prospect, the Accrington copper-zinc-lead-silver-gold prospect and the Horn zinc-lead-silver prospect.

A possible fourth prospect, the Cactus Canyon prospect, has also been identified.

Following a successful listing, Alderan plans to undertake a 10,000-meter drilling program focusing on the Cactus and Accrington prospects and conduct an induced polarization survey across the Frisco project.

Alderan expects to start trading on the ASX on May 29.