Mina El Moto plans to start trading on the Spanish Stock Exchange
Abenójar Tungsten will seek a dual listing with London. Read
Abenójar Tungsten, a Spanish company developing the El Moto mine in Ciudad Real, made its London debut with a 0.5% drop to 101.5 pence per share, giving it a capitalisation of £475 million. The company raised €170 million by selling new shares to investors, who now own 25% of the business. The funds will be used to finance the construction of an underground mine, set to extract tungsten from 2029, a project declared strategic by the European Commission.
Abenójar plans to list on the Spanish stock exchange, Bolsas y Mercados Españoles, in 2027, maintaining a dual listing with London.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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