Serval Resources PLC’s announce £7.0 million fundraise
October 2026
Serval Resources is an AIM listed copper and future metals developer headquartered in London. The Company is focused on unlocking value across a high-potential African portfolio to become a leading mid-cap copper and future metals explorer and developer.
By securing exploration and development assets in the upcoming copper belts of Namibia, Botswana and Côte d’Ivoire, which are relatively under-explored in contrast to their prospectivity, the Company is strategically positioned to capitalise on the rising demand for copper and other strategic metals, driven by the global energy transition and the need for sustainable, independent supply chains.
Fundraising
On 14th October 2026, Serval Resources announced a fundraise of £7.0 million gross, comprising a £6.0 million placing of 23,921,164 shares at 25p each and a £0.5 million subscription for 2,182,000 shares by certain Directors and other investors. A retail offer subsequently raised a further £518,862 through the issue of 2,075,448 shares, bringing total gross proceeds to approximately £7.0 million.
In addition, the Company will issue 4,365,526 Additional Consideration Warrants and 401,445 Additional Report Warrants to KCL Investments Limited at First Admission, with a further 318,396 Broker Warrants intended for the Joint Bookrunners at Second Admission as part of their placing commission.
Having assisted Serval Resources (then called Oscillate) during its acquisition of Kalahari Copper, change of name and transition from Aquis to AIM, the Perivan shareholder communications team was delighted to work with the company, SP Angel who acted as Nominated Adviser and Joint Bookrunner, and Simmons & Simmons (solicitors to Serval Resources) on the shareholder documentation which was successfully produced and posted to shareholders on 16th October 2026.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to corporate finance transactions.