ADM, BVR & 1AE: Three ASX metals & mining IPOs expected in May

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ADM, BVR & 1AE: Three ASX metals & mining IPOs expected in May

 ADM, BVR & 1AE: Three ASX metals & mining IPOs expected in May
Image source: patpitchaya, Shutterstock

Highlights

  • The year 2022 is witnessing a milder IPO fever compared to 2021.
  • However, despite a slowed momentum this year, some companies are continuing to tap the capital markets to fund their growth plans.
  • ADM, BVR and 1AE are some of the hottest IPOs that are coming out in May 2022.

In 2022, the IPO fever seems to be in a milder form compared to the last year, when a buying frenzy was witnessed across all sectors, primarily the mining space. Surging inflation and the recent geo-political tensions have given rise to uncertainties, which have stirred volatility in equity markets.

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However, despite a slowed momentum some companies are continuing to tap the capital markets to fund their growth plans. If you are keen to know which are some of the metals and mining IPOs coming out next month, here’s a list of top three.

Read More: NAB shares hit multi-year high; what’s fuelling this ASX banking stock?

  1. Andean Mining Limited (ASX:ADM)

Andean Mining is a New South Wales-based Australian miner, incorporated in 2018. The Company has acquired 100% stake in Colombian company CMC, which owns the Andean tenements located in the Municipality of El Dovio, Colombia. These tenements are prospective for copper, gold, silver and zinc.

 

The company is raising AU$6 million (minimum subscription) or (AU$7 million (maximum subscription) via the issue of ordinary shares at a price of AU$0.2 per share. The offer is expected to close on 29 April 2022. The proceeds from the capital raising would be used towards implementing the company’s business objectives and exploration programs, working capital, etc. ADM shares are expected to debut on the ASX on 16 May 2022.

 

  1. Bellavista Resources Limited (ASX:BVR)

Bellavista is a newly incorporated Australian miner, primarily aiming to deliver shareholder value through the identification and acquisition of base metal and industrial metal exploration projects in Western Australia. The company’s assets are located approximately 120-200km southwest of Newman, Western Australia.

 

The Company believes its available cash and the net proceeds would be adequate to fund its business development activities. The company is raising AU$6.5 million (before costs) via the issue of 32.5 million shares at an issue price of AU$0.2 per share. The expected listing date of BVR shares on the Australian bourse is 12 May 2022.

 

  1. Aurora Energy Metals Limited (ASX:1AE)

Aurora Energy Metals has a 100% legal and beneficial interest in a number of granted Mining Claims in south-east Oregon, USA, that constitute the Aurora Energy Metals Project. Both uranium and lithium have become important minerals for t transition towards clean energy. The company will also focus on exploration of these projects.

 

The company plans to raise AU$8 million via the issue of 40 million shares at a price of AU$0.2 per share. Out of the total net proceeds, AU$2.8 million would be used for uranium exploration and AU$3.1 million towards lithium exploration. The offer is not underwritten and is expected to close on 26 April 2022. 1AE shares are expected to mark their debut on the ASX on 16 May 2022.

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