Abenójar Tungsten Prices London IPO to Raise GBP143 Million

03:50 AM EDT, 10/27/2026 (MT Newswires) -- Abenójar Tungsten priced its initial public offering on the London stock exchange at 1.10 pounds sterling per share to raise 142.5 million pounds, giving the tungsten developer a market capitalization of 522.2 million pounds. The offering comprises an institutional offer and a retail offer of 103,171,871 shares for gross proceeds of 113.5 million pounds, according to a Tuesday filing. Certain investors from Spain will directly subscribe for 34.6 million euros in shares at the same price. Conditional trading on the London bourse's main market will commence the same day, while unconditional trading is expected to start on Friday. The company plans to use the proceeds to continue advancing the development of its El Moto project towards the first-production target in 2029.