Metal Tiger said it had been added to the register of UK AIFMs with effect from 17 November 2022, under the Alternative Investment Fund Managers Regulations 2013.
Following this registration and in light of Metal Tiger’s evolving investment strategy, the board is considering whether a potential move from AIM to the Specialist Fund Segment of the London Stock Exchange would better enable the company to meet its investment objectives, it added.
The listing on the ASX will be retained in any event.
Separately, Metal Tiger noted that portfolio company Sandfire had launched a A$200mln entitlement share offer.
The proceeds will be used to repay its ANZ corporate debt facility and provide increased working capital as the Motheo copper pine progresses from construction to first production and ramp-up.