Copper developer Oscillate (AQSE:SRVL) is withdrawing its shares from the Aquis Growth Market and is proposing to list on the Alternative Investment Market (AIM), as well as a name change proposal to Serval Resources.
This news comes after the company completed an equity raising of £2.9 million, comprising 12.9 million shares at £0.005 each, subject to a 50 for one share consolidation at £0.225 per share.
Funds will be used to advance Oscillate’s proposed exploration assets in Namibia
Admission onto the AIM is expected to occur on or around 27 April 2026.
CEO Robin Birchall says the company is “delighted” to have achieved funding support and to progress with the proposed admission to trade on the AIM.
“Oscillate through its Serval Resources brand is now primed for the next phase of the company’s evolution to deliver on its strategy to become a mid-cap copper and future metals exploration and development group,” Birchall says.
In February 2026, Oscillate entered into a sale and purchase agreement with KCL Investments to acquire Kalahari Copper, which will establish the company as a large landholder in two emerging copper belts – Kaoko Basin in Namibia and the Kalahari Copper Belt in Botswana – subject to licence renewal.
Completion of the acquisition is expected to occur simultaneously with the admission of shares on the AIM.
The company also entered into a joint venture and earn-in agreement in April 2025, regarding the Duékoué Molybdenum-Copper Project in Côte d’Ivoire. The agreement allows the company to earn up to 100% interest through staged expenditure and milestone payments.
Together, both assets are expected to provide geographic and geological diversification across two stable African jurisdictions with supportive mining policies, as well as create a portfolio of early-stage exploration projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Oscillate Resources
