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Tharisa launches ADR programme

Tharisa CEO Phoevos Pouroulis.

Tharisa CEO Phoevos Pouroulis.

8th June 2026

By: Creamer Media Reporter

     

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London- and Johannesburg-listed mining, metals and innovation company Tharisa has established a Level 1 American Depositary Receipt (ADR) programme, with JP Morgan appointed as the depositary bank, with effect from June 8.

The ADR programme will enable US-based investors to gain exposure to Tharisa through dollar-denominated ADRs trading in the US over-the-counter (OTC) market. Each Tharisa ADR will represent ten ordinary shares of the company, with the underlying ordinary shares to continue trading on the JSE and the LSE.

Tharisa states that the platinum group metals (PGMs) and chrome it produces at its Tharisa mine, in South Africa, and the PGMs it is planning to produce at a project it is developing, in Zimbabwe, are recognised as critical minerals in the US and other major economies and, as such, attract increasing attention from investors seeking exposure to the energy transition, clean air technologies and future facing technologies including AI.

"The establishment of our ADR programme marks a meaningful step in broadening Tharisa's global investor reach. The US is an attractive jurisdiction and we are seeing significant interest in critical and strategic minerals, the very commodities at the heart of our business.

"All of the commodities we mine fall into both categories, and this programme gives US investors a simple, accessible and familiar mechanism through which to access our equity story. It is consistent with our strategy of enhancing optionality, improving liquidity and reaching the widest possible pool of institutional and retail investors who recognise the value of what we are building at Tharisa," comments Tharisa CEO Phoevos Pouroulis.

 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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