PERTH (miningweekly.com) – ASX-listed Neometals on Friday announced that its was hoping to list on the London Stock Exchange (LSE) as part of its strategy to capitalise on UK and European investor interest.
“Neometals’ projects are advancing towards development decisions, so the time is right to maximise liquidity and better access the huge pools of European investment capital,” said Neometals MD Chris Reed.
London-based securities firm Cenkos Securities will be acting as the nominated adviser and broker in relation to the proposed admission to the Aim.
“Admission to the LSE extends the trading window available to investors and we look forward to leveraging off Cenkos' strong track record in supporting environmental and social governance-focused companies. We also look forward to participating in LSE sustainability activities like the “green economy mark” which recognizes companies delivering 50% or more of their revenues from environmental solutions.”
Neometals said on Friday that the Aim admission would not be coupled with an immediate capital raising. The company’s shares will remain traded on the ASX, with the Aim listing planned for the second half of 2021.