Statement Regarding Recent Share Price Movement
Halo Minerals PLC notes recent share price movement but is unaware of any operational, financial, or corporate reasons for the decline, confirming continued progress on its Playa Verde copper and gold tailings project in Chile. The company is advancing workstreams towards a Final Investment Decision, including resource evaluation, value engineering, permitting, stakeholder engagement, tender preparation, commercial discussions, and financing structuring, with an indicative operational start-up in October 2028.
Select text to share a quote on X · sign in to keep highlights & notes in your HALO notes
Halo Minerals PLC (AIM: HALO), the copper development company focused on the recovery of critical minerals from legacy mining waste, notes the recent movement in the Company’s share price.
The Board confirms that it is not aware of any operational, financial or corporate reason that would account for the recent decline in the Company’s share price.
The Company remains focused on advancing the Playa Verde copper and gold tailings reprocessing project in Chile and confirms that progress continues in line with the milestones and objectives outlined in the Company’s recent announcement regarding completion of the Class 3 Engineering and Bankable Feasibility Study Update.
As previously announced, the Company is progressing the principal workstreams required to move Playa Verde towards Final Investment Decision (“FID”), including:
completion of the updated Competent Person’s Report and resource evaluation;
value engineering and optimisation programmes;
permitting and environmental workstreams;
stakeholder engagement activities;
EPC and major equipment tender preparation;
commercial discussions with prospective offtake counterparties; and
evaluation and structuring of project financing alternatives.
The Board believes the recent Class 3 Engineering and Bankable Feasibility Study Update further demonstrated the technical robustness of Playa Verde and provided an important foundation for financing and development activities. The Company continues to engage with a range of potential financing, strategic and commercial counterparties as part of its FID readiness programme.
The Company also confirms that work continues on the technical, commercial and financing initiatives previously announced. With an indicative implementation schedule of approximately 18 months and current study planning assumptions supporting a potential operational start-up in October 2028.
The Company will continue to keep shareholders informed of material developments in accordance with its regulatory obligations.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.