Oscillate PLC Expands Growth Plans with Kalahari Copper Acquisition and AIM Admission

On April 1, 2026, Oscillate PLC announced its transformative plans to acquire Kalahari Copper Ltd, a strategic move that positions the company prominently within the copper mining sector. This acquisition will be complemented by the issuance of 12,997,761 ordinary shares at 22.5 pence per share, raising approximately £2.9 million before expenses. As part of this broader initiative, Oscillate plans to change its name to Serval Resources PLC, reflecting its enhanced focus on developing copper and future metals.

The Acquisition Journey

The acquisition of Kalahari Copper is aimed at consolidating Oscillate’s position as a significant landholder in two emerging copper belts: the Kaoko Basin in Namibia and the Kalahari Copper Belt in Botswana. These areas are relatively unexplored but are believed to hold substantial untapped potential, setting the stage for Oscillate's ambitious growth strategy. The plan includes a capital fundraising effort to secure the necessary resources to drive exploration and development in these regions, further emphasizing the company’s commitment to become a mid-tier exploration and development group for copper and future metals.

AIM Admission and Future Plans

Following the acquisition, Oscillate seeks to have its enlarged share capital admitted to trading on the AIM (Alternative Investment Market). This marks a significant shift from its current listing on the Aquis Growth Market, with the intent to enhance its visibility and attract a wider investor base. The suspension from Aquis is expected to take place concurrently with the AIM admission on April 27, 2026.

CEO Robin Birchall stated, "This is a transformational transaction that will position the Company strongly in two promising copper-producing regions. We are excited about the financial support we have secured, paving the way for our AIM admission.”

The admission process requires shareholder approval for several resolutions related to the acquisition, capital raising, and name change. This meeting is scheduled for April 24, 2026, and is crucial for moving forward with the planned changes.

Innovative Exploration Strategies

With the funds raised through the placement and subscription, Oscillate plans to actively explore the high-potential areas in Namibia and Botswana. The company aims to undertake a variety of initiatives, including geological mapping, stakeholder engagement, and exploration drilling aimed at resource estimation. A defined budget for these activities is already in place, indicating a structured approach towards capitalizing on its newly acquired assets.

One of the key highlights of this acquisition is the expected diversification of the company’s portfolio, providing geographical and geological variety across stable African jurisdictions with favorable mining policies. Furthermore, Oscillate's commitment to implementing modern exploration techniques will likely enhance its operational efficiency and effectiveness in mineral discovery.

Retail Offer and Market Strategy

In addition to the placement, Oscillate plans to issue up to 1,333,333 retail shares through the Winterflood Retail Access platform, targeting an additional £300,000 to facilitate its growth objectives. The retail offer is expected to open on April 7, 2026, providing an avenue for broader participation from retail investors.

Furthermore, with Andrew Benitz proposed as a non-executive director post-acquisition, Oscillate is set to leverage his enriched experience in resource management and corporate governance, which is expected to bolster the company's strategic direction.

In conclusion, Oscillate's acquisition of Kalahari Copper represents a significant step in its evolution into a leading mid-cap exploration and development entity within the copper and future metals industry. With the backing of its stakeholders, a clear strategic roadmap, and a focus on emerging mining jurisdictions, Oscillate is poised for responsible and sustainable growth in the coming years.