Mina El Moto obvia la incertidumbre electoral y salta a la Bolsa de Londres

Abenjar Tungsten, the firm promoting Mina El Moto in Ciudad Real, has begun preparations to list on the London Stock Exchange. The company aims to raise capital for its 211 million euro project and has appointed Jos� Luis de Mora, a Santander director and Merlin Properties president, as its adviser. Abenjar Tungsten plans to offer a portion of its shares on the London market, with banks Peel Hunt, BMO, Deutsche Bank, and Canaccord handling the placement.

The funds raised could total several tens of millions of euros, with Deutsche Bank contributing up to 120 million euros in banking finance. In addition, Abenjar Tungsten signed an agreement on October 3rd to sell its future wolframite production to Traxys Europe. Gonzalo Garc�a San Miguel, the current majority owner, will remain a major shareholder and CEO after the listing.

To list on the exchange, Abenjar Tungsten has strengthened its board, appointing Roger Davey as the chairman, a position he previously held at Atalaya Mining, another London-listed company. Independent directors include Jos� Luis de Mora, Alfredo Garc�a Gonz�lez, Ana Beatriz Su�rez Calvo, and Deborah Gudgeon. Despite the upcoming Spanish election, the operation has proceeded as Abenjar Tungsten holds all necessary permits to build the mine and has been designated by the European Commission as one of the continent's strategic projects to boost domestic metal production for defense and electric vehicle battery industries.