A2X welcomes its second inward listing Marula Mining PLC
Thursday,25 April 2024: Marula Mining PLC (Marula), listed on the Aquis Stock Exchange in Europe, inward lists its shares on South African stock exchange, A2X Markets (A2X) today.
Its listing on the Acquis Stock Exchange remains unaffected by its inward listing on A2X in South Africa.
UK-based and Marula Mining PLC with a market cap of GBP15.88 million (R381 million) has an aggressive growth strategy to identify, invest in and develop advanced and high-value mining projects in the battery metals and critical metals sectors throughout East, Central and Southern Africa. It aims to deliver rapidly for its shareholders through successfully taking its projects through to production and generate positive returns for all stakeholders.
Marula is currently holds interests in the following mines and advanced projects:
- Blesberg Lithium and Tantalum Mine (South Africa)
- Larisoro Manganese Mine (Kenya)
- Kinusi Copper Mine (Tanzania)
- Nyorinyori Graphite Project (Tanzania)
- NyoriGreen Graphite Project (Tanzania)
- Nkombwa Hill Niobium, Tantalum, Rare Earths and Phosphate Project (Zambia)
- Bagamoyo Graphite Project (Tanzania)
Marula Mining CEO Jason Brewer commented, “One of our key operating mines is the Blesberg Lithium and Tantalum Mine in the Northern Cape and our listing on A2X will enable direct investment in Marula by South Africans looking to participate in our success. With our additional copper and manganese mines and graphite and rare earth projects, and potential new mine acquisitions in South Africa, I look forward to attracting more South African investors who recognise the tremendous potential that Africa has in the battery metals and critical metals sector, and will further strengthen our company’s shareholder base, and improve the liquidity and marketability of Marula shares.”
A2X CEO, Kevin Brady said, “We are delighted to be the chosen platform for this listing and welcome Marula Mining PLC to A2X today. Marula is our second inward listing this year and forms part of A2X’s strategy to expand the number of companies and products available to the local marketplace.”
AcaciaCap Advisors assisted Marula to navigate the South African listing landscape providing them with a comprehensive range of integrated corporate finance and listing related advisory services.
A2X is a licensed stock exchange authorised to provide a secondary trading venue for companies and is regulated by the Financial Sector Conduct Authority and Prudential Authority and South African Reserve Bank in South Africa in terms of the Financial Markets Act 19 of 2012.
ENDS