Eclipse Metals Ltd (ASX:EPM) is seeking to harness the considerable amount of interest being expressed by potential European investors in its Greenland projects after commencing trading on the Frankfurt Stock Exchange.
The company’s dual listing in Frankfurt under the ticker FSE:9EU supports its strategy of broadening the overseas investor base to engage with European investors and stakeholders.
While the ASX will remain the primary listing, this move will promote the company’s corporate profile in Europe and trading liquidity and will facilitate access for retail investors from European and Scandinavian countries.
Frankfurt Stock Exchange is the largest of Germany’s trading exchanges and the second-largest stock exchange in Europe.
“Expecting increased interest”
Eclipse Metals executive chairman Carl Popal said: “Eclipse Metals has attracted considerable interest from investors outside Australia and in particular Scandinavian regions where there is an awareness of the company’s projects.
"Greenland hosts a quarter of the world’s rare earth minerals in a favourable mining jurisdiction, and we expect increased interest from European investors, stakeholders and OEMs as project development work continues.”
DGWA appointed
To enhance these intentions, Eclipse has appointed Frankfurt-based DGWA (Deutsche Gesellschaft für Wertpapieranalyse GmbH), the German Institute for Asset and Equity Allocation and Valuation, as its investor relations and corporate advisor in Europe.
DGWA will assist the company to engage with retail, institutional and large private investors in the German-speaking DACH region (Germany, Austria and Switzerland) with a population of close to 100 million people, as well as the rest of Europe and the United Kingdom.
The European adviser will also assist Eclipse with expanding its European profile for investor and stakeholder awareness of the company’s activities at the Ivigtût project in Greenland.
“At a pivotal stage”
DGWA CEO Stefan Müller said, “We are excited to be partnering with Eclipse Metals in Europe.
“The company is at a pivotal stage with the recent announcement of rare earth element (REE) results from the Ivigtût and Grønnedal targets in Greenland.”
Eclipse is committed to developing a strong ESG framework for the Greenland projects to include minimal environmental impact, developing and preserving local Ivigtût history, assistance to restore the Ivigtût Mining Museum and use of renewable power where possible.
“The interest from European investors in companies with REE projects in Tier 1 jurisdictions such as Greenland is particularly strong,” Müller said.
“We will further assist the company with memberships and engagement with relevant European organisations and stakeholders."
About DGWA
DGWA is a boutique European investment and financial markets consulting firm based in Frankfurt and Berlin, Germany.
The management team has a 25-year track record in trading, investing and analysing SMEs around the world.
DGWA has been involved in more than 250 IPOs, financings, bond issues, dual listings and corporate finance transactions as well as corresponding road shows and awareness campaigns.
About Eclipse Metals
EPM is an Australian exploration company focused on exploring south-western Greenland, Northern Territory and Queensland for multi-commodity mineralisation.
The company has a portfolio of assets prospective for cryolite, fluorite, siderite, quartz, REE, gold, platinum group metals, manganese, vanadium and uranium mineralisation.
Its mission is to increase shareholders’ wealth through capital growth and ultimately dividends.
Eclipse plans to achieve this goal by exploring for and developing viable mineral deposits to generate mining or joint venture incomes.