Spain's Tungsten Project Developer Abenójar Tungsten Plans London Listing

02:52 AM EDT, 10/07/2026 (MT Newswires) -- Abenójar Tungsten, developer of Spain's El Moto tungsten project, intends to launch an initial public offering on the London stock exchange, according to a Wednesday filing. Net proceeds from the offering will be used to help fund development and construction of the project, which is designated as a strategic project under the European Union's Critical Raw Materials Act, as well as toward the deferred cash payment for the acquisition of a 70% interest in Mining Hill's and to support working capital and general corporate spending. Upon completion of the offering, the company expects to list its shares on the London bourse's Main Market in the fourth quarter. BMO Capital Markets, Peel Hunt, Deutsche Bank and Canaccord Genuity are acting as joint bookrunners for the offering.