Serval Resources Targets AIM Listing with African Copper Play

LONDON, UK – April 01, 2026 – In a strategic move to capitalize on the surging global demand for green energy metals, Oscillate PLC has announced plans for an Initial Public Offering (IPO) on the London Stock Exchange's Alternative Investment Market (AIM). The company, which will be renamed Serval Resources Plc upon admission, is seeking to raise a total of £3.2 million to fund its ambitious African copper and future metals exploration strategy.

The capital raise is structured in two parts: a £2.9 million institutional placing and a retail offer of up to £300,000 made available through the Winterflood Retail Access Platform (WRAP). This dual approach signals the company's intent to attract both large-scale institutional backing and a broad base of individual investors. Shares for both the placing and the retail offer are priced at 22.5 pence. The move to AIM marks a significant step up from the company's current listing on the Aquis Stock Exchange (AQSE), positioning it for greater visibility and access to capital.

Powering the Global Green Transition

Serval Resources is positioning itself at the nexus of resource development and the global energy transition. The company's strategy is squarely focused on discovering and developing new sources of copper and other strategic metals, which are fundamental components for building a sustainable future. Copper, often dubbed the "backbone of electrification," is indispensable for electric vehicles, wind turbines, solar panels, and the expansion of electrical grids required to support them.

Market analysis projects a significant supply shortfall for copper in the coming years as demand accelerates, driven not only by green technologies but also by the rapidly expanding digital economy. This supply-demand imbalance creates a compelling opportunity for new, independent developers. Serval Resources aims to fill this gap by establishing a portfolio of sustainable projects in world-class mining jurisdictions, ensuring a responsible supply chain for these critical materials.

This strategic focus comes as the AIM market itself shows renewed vigor. The FTSE AIM Basic Resources index was a standout performer over the last year, and with forecasts pointing to a strong 2026 for the junior market, the timing for a well-positioned mining IPO appears opportune. However, the current climate is considered a "stock pickers' market," where investors prioritize companies with clear strategies, quality assets, and strong management over speculative plays.

A Strategic Foothold in Africa

At the heart of Serval Resources' growth plan is the conditional acquisition of Kalahari Copper. This transformative deal will establish the company as a major landholder across two of Africa's most promising and underexplored copper regions. The acquisition grants Serval extensive license areas in Botswana's Kalahari Copper Belt and Namibia's Kaoko Basin, which many geologists interpret as a direct extension of the prolific Central African Copper Belt, home to some of the world's largest copper deposits.

This provides the company with a vast and highly prospective terrain adjacent to significant recent discoveries, offering a clear pathway for exploration and potential resource definition. The acquisition is expected to complete simultaneously with the company's admission to AIM, subject to shareholder and regulatory approvals.

Further diversifying its portfolio, Serval has also entered into a joint venture and earn-in agreement in Côte d'Ivoire for the Duékoué molybdenum-copper project. This arrangement allows the company to earn up to a 100% interest through staged expenditure. Together, these assets in Namibia, Botswana, and Côte d'Ivoire create a geographically and geologically diverse portfolio across stable African nations with supportive mining policies. This foundation is designed to de-risk the company's exploration efforts and is a key step in its ambition to evolve from a junior explorer into a mid-cap development group.

AIMing for Growth and Retail Investor Access

The move from AQSE to AIM is a pivotal moment for the company, intended to unlock access to a deeper pool of capital and attract a broader, more diverse investor base. The AIM market is a globally recognized platform for growing companies, offering greater liquidity and a higher profile than junior exchanges.

In a move to include its existing supporters and new individual investors, the company is launching its £300,000 retail offer via the WRAP platform. This initiative allows eligible UK investors to participate in the IPO on the same terms as institutional players, with a minimum subscription of just £100. The retail offer is expected to close at 4:30 pm on April 7, 2026, though investors are advised to check with their brokers for potentially earlier deadlines.

Subject to shareholder approval at a general meeting scheduled for late April, the company anticipates that admission to AIM will become effective and dealings in the new shares will commence at 8:00 am on April 27, 2026. While an investment in an early-stage exploration company carries inherent risks, including the potential loss of the entire investment, the opportunity allows the public to gain exposure to the foundational stages of a company aiming to supply the critical metals for the next generation of technology and energy.