{"id":141780,"title":"Meantime Resources Joins AIM After £15m Fundraise at £10 a Share","publisher":"Share Talk","author":"sharetalk","published":"2026-10-13T09:02:57+00:00","modified":"2026-10-13T09:02:57+00:00","canonical_url":"https://www.share-talk.com/meantime-resources-joins-aim-after-15m-fundraise-at-10-a-share/","markdown_url":"https://www.share-talk.com/meantime-resources-joins-aim-after-15m-fundraise-at-10-a-share.md","json_url":"https://www.share-talk.com/meantime-resources-joins-aim-after-15m-fundraise-at-10-a-share.json","category":"Mining","categories":["Mining"],"tags":["Martin Horgan","Martyn Konig","Meantime Resources Plc","MTR"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/10/3dd6a24f-d790-4105-b294-538c5f56df70.png?fit=1727%2C911&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Meantime Resources Plc (AIM: MTR)](https://www.londonstockexchange.com/news-article/MTR/admission-to-aim-and-first-day-of-dealings/17832204)has commenced trading on AIM after completing a **£15 million fundraising** to finance its strategy of acquiring and developing mining assets. The company’s shares began trading at **8 am under the ticker MTR**, with an issue price of **£10 per share**.\n\nMeantime raised the money through a combination of an institutional placing and direct subscriptions from members of its management team, non-executive directors and other investors. A total of **1,499,999 new shares and 1.5 million warrants** are being issued as part of the fundraising.\n\nFollowing admission, Meantime has **1.5 million ordinary shares in issue**, giving it an initial market capitalisation of **£15 million at the issue price**. The company is initially classified as an **AIM investing company**, meaning it does not yet own an operating mining asset.\n\nIts strategy is to acquire, develop and ultimately operate **precious and base metals projects**, initially concentrating on established mining jurisdictions across Europe, the Middle East, Africa and Central Asia. Management intends to complete an acquisition within **18 months of admission**, after which Meantime expects to become an operating company.\n\nThe initial search will focus on **producing assets or development-stage projects with identified Mineral Resources** and a credible pathway towards operating cash flow within less than five years.\n\nManagement envisages that timeframe potentially comprising around **two to three years of evaluation and engineering studies followed by approximately two years of construction**.\n\n**Martyn Konig, Non-Executive Chair of Meantime Resources, said: ***“We are excited to have successfully brought Meantime Resources to the market. We believe the listing and industry focused investor base will provide a platform from which we can execute our acquisition strategy while simultaneously raising the company’s profile and increasing access to the number of available acquisition opportunities.”*\n\n**Martin Horgan, CEO of Meantime Resources, added:** *“We believe an opportunity exists to build a full life-cycle company focused on acquiring, developing and operating high-quality precious and base metals mining assets in established mining jurisdictions.  Initial work has been undertaken to identify and evaluate a pipeline of potential opportunities where we believe we will be able to apply our extensive collective experience to generate value.”*\n\nFor investors, the attraction is the unusually substantial **£15 million starting capital base** for a newly admitted mining investment vehicle.\n\nThe central risk is execution: Meantime currently has **no operating asset**, so value creation will depend heavily on the quality, price and financing structure of its first acquisition.\n\nThe next major catalyst will therefore be the identification and completion of a transaction capable of converting the company from a funded investment vehicle into an **operating precious or base metals business**."}