https://www.miningweekly.com
Africa|Copper|Mining|PROJECT|Projects|Products
Africa|Copper|Mining|PROJECT|Projects|Products
africa|copper|mining|project|projects|products

UK-based Marula Mining lists on A2X in South Africa

Marula CEO Jason Brewer

Marula CEO Jason Brewer

19th April 2024

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

UK-based battery metals miner Marula Mining has announced that it will undertake a secondary listing of its shares on South Africa’s A2X Markets exchange, with shares due to become available for trade from April 25.

The company’s primary listing on the Acquis Stock Exchange remains unaffected by the listing on A2X.

The issued share capital will comprise 176-million ordinary shares of 0.01p apiece.

Marula has a market capitalisation of R381-million, or £15.8-million, and an aggressive growth strategy to invest in high-value battery metal mining sectors throughout East, Central and Southern Africa.

The company holds interests in the Blesberg lithium and tantalum mine, in South Africa; the Larisoro manganese mine, in Kenya; the Nkombwa Hill nobium/rare earths/phosphate project, in Zambia; and the Kinusi copper, Nyorinyori graphite and Bagamoyo graphite projects, in Tanzania.

Marula CEO Jason Brewer comments that the A2X listing will enable direct investment in Marula by South African investors looking to participate in the company’s success.

He adds that the listing bodes well for when Marula acquires more projects in South Africa, as it plans to do.

The A2X listing also strengthens the company’s shareholder base overall and improves the liquidity and marketability of Marula shares.

In turn, A2X CEO Kevin Brady says Marula’s listing marks the second inward listing for the stock exchange this year, and forms part of A2X’s strategy to expand the number of companies and products available in the local marketplace.

A2X currently has 181 instruments listed, with a combined market capitalisation of R9-trillion.

Meanwhile, Marula continues to seek a listing on the JSE. 

"I look forward to the opportunities and increased market exposure that this will likely bring for the company as we continue to grow and accelerate our mining and new mine development activities in Africa,” Brewer concludes.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.212 0.252s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: