Ajax Resources Makes its Debut on Oslo Exchange to Finance its Mining Projects in South America
The British mining company was admitted on 26 October 2026 to trading on Euronext Growth Oslo, with a market capitalisation of 167 million Norwegian kroner at the opening price. This listing adds to the one it already has on the Aquis Stock Exchange in London, and is intended to finance the advancement of its projects in South America.
Mining Projects in Argentina, Brazil and Chile
Ajax Resources presents itself as a natural resources investment company that identifies, acquires and advances mining projects exposed to copper, gold, silver, zinc, uranium and lead. Its portfolio and current projects cover several established mining jurisdictions, including Argentina, Brazil and Chile, with additional opportunities under evaluation. The stated strategy is based on the acquisition and development of assets that have already experienced historical production, presenting untapped potential and exploration prospects. The stated objective is to advance these assets to production in order to generate revenue. The company was previously listed on the Main Market of the London Stock Exchange as a SPAC (Special Purpose Acquisition Company), before adopting its current operating investment vehicle model. On 12 October 2026, it announced that it had completed the financial and legal audits required prior to its admission to the Norwegian exchange.
A Fundraising of 28.9 Million Kroner to Finance Exploration
The admission was preceded by a fundraising comprising a subscription of 26,560,000 new shares and a subscription by private investors, fully underwritten, for an additional 2,656,000 shares. The gross proceeds reached approximately 28.9 million Norwegian kroner. The net proceeds are to be used for exploration, resource definition and portfolio development, possible acquisitions, as well as fees related to the transaction. In total, 149,325,292 shares were admitted to trading under the code AJAXR, with an opening price of 1.12 kroner per share. According to Euronext, this is the 72nd admission to its markets in 2026 and the 18th international listing of the year. Ippolito Ingo Cattaneo, Chief Executive Officer of Ajax Resources, presented Oslo as the most competent European market for natural resources companies. He indicated that he believes the sector is experiencing a "super cycle" in commodities, citing the role of copper in electrification as well as that of gold and silver.
