Hill Dickinson’s Equity Capital Markets team has recently advised Beaumont Cornish and SI Capital on the admission of First Development Resources plc (FDR) to AIM, together with an associated £2.3 million placing.
Beaumont Cornish acted as nominated adviser to FDR in relation to the IPO, with SI Capital acting as broker on the placing.
First Development Resources is a UK based, Australian focused exploration company with mineral interest in three prospective copper-gold projects located in Western Australia and one rare-earth element, uranium, lithium and gold project located in Australia’s Northern Territory.
FDR shares were admitted to trading on 29 July 2025, with the ticker ‘AIM:FDR’ and a market capitalisation on admission of approximately £7 million.
Sam Hudson, partner, Amy Grosvenor, senior associate, and Danielle Higgins, associate, from the Equity Capital Markets team acted on the transaction. They were assisted by paralegal, Elly Falbo.
We are delighted to have advised the nominated adviser and broker on FDR’s IPO and we look forward to following FDR’s journey as they look to execute their proposed operational work programme. Completion of this IPO marks another significant transaction completed by our ECM team in recent months, which comes alongside a significant uptick in equity capital markets transactions.Sam Hudson
Corporate Partner
Sam Hudson commented: “We are delighted to have advised the nominated adviser and broker on FDR’s IPO and we look forward to following FDR’s journey as they look to execute their proposed operational work programme. Completion of this IPO marks another significant transaction completed by our ECM team in recent months, which comes alongside a significant uptick in equity capital markets transactions.”