MicroSalt the first listing on AIM in 2024

MicroSalt joined IGTV's Jeremy Naylor to talk about the listing that has given the company an £18.5 million market capitalisation and has brought £3 million onto the balance sheet. MicroSalt describes itself as a ‘major potential disruptor in the food market’. Its mission is to reduce excess sodium consumption, which it says is a ‘significant contributor to hypertension and heart disease’, by providing a full-flavour salt with approximately 50% less sodium than traditional salt for food manufacturers and consumers.

IGTV spoke to CEO, Rick Guiney, who explained what the priority is for the company in 2024. Guiney says that, “We are delighted to announce our successful fundraise and admission to AIM, which is an important step in our development and provides an excellent platform for growth. The World Health Organisation has stated ambitions to reduce sodium intake by 30% by 2025, and MicroSalt is extremely well placed to capitalise upon rising demand for lower sodium products with our disruptive, proprietary product and manufacturing process.”

(AI Video Summary)

An innovative salt alternative making market waves

MicroSalt, a company specialising in producing low sodium salt for food manufacturers and consumers, recently made its debut on the AIM market in London. This listing, which raised £3 million, marks an important milestone for the company in terms of growth capital. Using their patented process, MicroSalt is able to produce real salt with lower sodium content without compromising flavor. This innovation provides food manufacturers with a simple and effective solution for reducing sodium in their products.

CEO Rick Guiney is excited about being part of the London Stock Exchange and emphasised that MicroSalt is disrupting the industry by offering a way to make everything low sodium. Both the UK and the EU governments are increasingly focused on reducing sodium consumption due to its negative health effects. With their plans for 2024, MicroSalt is working closely with major food manufacturers and retailers, particularly in the UK, to educate them on incorporating MicroSalt into their reformulation processes. By the end of the year, Guiney expects to see lower sodium options across a wide range of products.

Where to buy?

MicroSalt is not only available for food manufacturers but also for consumers to use at home. You can purchase their product as salt shakers through Amazon. Guiney's message to potential shareholders is that MicroSalt addresses a global health issue and has the support of governments. He highlighted the rarity of having new technology that not only benefits people's health but also offers good returns on investment. Unlike previous efforts which relied on potassium chloride, MicroSalt is unique in the market as it does not impart a metallic taste to food.