Three resources IPOs set to make ASX debut in September

3 min read | August 26, 2022 02:46 PM AEST | By Ashish

Three resources IPOs set to make ASX debut in September — Image source: ©Raywoo | Megapixl.com

Highlights

The Australian share market has been through significant volatility recently.

This year’s first half saw a lesser number of ASX listings compared to the same period of 2021.

Experts don’t see the Australian IPO market in 2022 coming anywhere near in terms of listings witnessed in 2021.

The ASX 200 has been through significant volatility in last many months. The stock market uncertainty has weighed on investor sentiment, posing challenges for companies looking to raise capital. As a result, the first half of 2022 saw a lesser number of ASX listings compared to the same period of 2021. Experts are of the view that the Australian IPO market this year would not come anywhere near the capital raised or the number of listings witnessed in 2021. However, investors would hope for markets to do well and the domestic IPO market to end 2022 on a strong note.

Here, we discuss three IPOs from the resources sector which are set for ASX listings in September (as of 26 August 2022, at 1 PM (AEST)).

Critical Minerals Group Ltd (ASX:CMG)

CMG is focused on critical minerals and base metals, including lithium, zinc, lead and copper. The company owns assets in Australia, Oman, and Canada. CMG had earlier raised AU$5 million at an issue price of AU$0.20 per share. The IPO is set to make its debut on the ASX on 27 September 2022. CMG appointed Vested Equities Pty Ltd and Harbury Advisors Pty Ltd as joint lead managers.

Octava Minerals Ltd (ASX:OCT)

Australia-based OCT is a mineral exploration firm focused on lithium, PGM and gold discoveries. The IPO of the mineral explorer is expected to be listed on the ASX on 14 September. OCT had earlier raised AU$6 million at an issue price of AU$0.20. The Australian company had appointed Bell Potter Securities Ltd as its lead manager.

Aeramentum Resources Ltd (ASX:AEN)

Aeramentum Resources is engaged in the exploration of metals such as gold, nickel, copper and cobalt. The company was established for the acquisition, exploration, and development of the Treasure (Black Pine) Project, situated in the Republic of Cyprus.

AEN’s public offering is set to be listed on 1 September 2022. The mineral explorer had earlier raised AU$7 million at an issue price of AU$0.20 per share. AEN had appointed Novus Capital Ltd as the lead manager.

Note:

ASX codes are proposed only.
Listing dates are proposed dates for the first quotation of securities set out in the entity's prospectus or information memorandum and are subject to change without notice.
Listing dates are expected dates for the first quotation of securities set by the ASX after the completion of admission procedures. These could change without any notice.

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