Grant Thornton advises Trident Resources plc Trident Resources has been admitted to AIM and completed their £16m fundraise

June 2020
Trident Resources plc
Adviser to Trident Resources on their AIM admission
£20.7 million
Grant Thornton team
Energy and natural resources
Sell side
Public company transactions
UK

We are delighted to have advised on the AIM admission and £16m of fundraise of Trident Resources plc.

Trident Resources plc (“Trident” or the “Company”) previously a cash shell on the standard segment of the LSE’s Main Market, is a diversified mining royalty and streaming company seeking to acquire royalty and streaming assets across a wide range of commodities and jurisdictions.  

The Company, as a result of its admission to AIM, has been successful in securing its first deal to acquire a royalty over a portion the Koolyanobbing Iron Ore asset in Western Australia. The revenue from this coupled with the £16 million fundraise, a fantastic achievement given the prevailing market conditions, provides the board with a significant capital to execute further deals and realise the Company’s growth strategy.  

Bringing Trident to market in the current climate provides a clear demonstration of our tenacity as a team and our ability to provide market leading regulatory, commercial and sector specific advice to companies looking to London’s capital markets to facilitate their growth strategy. Trident’s successful admission to AIM has helped us to maintaining our ranking as the number one nominated adviser by AIM admission since 2018. 

The transaction provided a successful outcome for all parties involved, further highlighting the benefits and flexibility that AIM as a market offers a company such as Trident. Despite the fact that the current macro-economic circumstances imposed a number of challenges, we were able to effectively support our client throughout the admission process and we very much look forward to working with the management team going forward. 

Testimonial

We are very pleased to have made the transition from an LSE Standard listing to AIM, done in conjunction with our successful fundraise. Grant Thornton played a significant role in this success by providing support and guiding us through the process such that we met our objectives within our target timeframe. We look forward to growing as a company on AIM with the continued support of Grant Thornton as our Nominated Adviser.

Adam Davidson CEO, Trident Royalties plc

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