Kali Metals Ltd (ASX:KM1) is now dual listed on the Frankfurt Stock Exchange (Open Market), under the ticker code 6OB, in a move designed to expand the company’s investor reach and increase its exposure to European markets.
The move comes just a day after the company fielded positive results from the first round of reverse circulation (RC) drilling at the Spargoville Project in Western Australia giving potential European investors something to look forward to.
Kali reported hitting up to 4 metres at 1.96% lithium oxide (Li2O) within a larger intersection of 10 metres at 0.85% from just 7 metres.
The drilling program also returned another notable result of 9 metres at 1.11% Li2O with a high-grade component of 5 metres at 1.73% from 10 metres.
Kali is exploring and developing commercial lithium resources from its highly prospective tenements while also identifying new strategic assets to expand its portfolio.
Lithium is a critical component in the production of electric vehicles and renewable energy storage systems and Europe will remain a key player as the rollout of these systems continues.
Why Frankfurt?
The Frankfurt Stock Exchange ranks as the third largest exchange in Europe and the 12th largest in the world by market capitalisation.
The Open Market serves as a secondary trading exchange in Germany, where more than 8,500 foreign companies are listed and tradable. Additionally, more than 100 million people reside in German-speaking countries.
Kali joins a growing list of other ASX dual-listed companies on the exchange.
Focus on marketing
To enhance promotional marketing efforts, Kali has engaged AXINO Media GmbH, an investor relations group based in Germany.
AXINO specialises in helping companies like Kali Metals attract key shareholder groups.
They have a track record of working with numerous Australian-listed companies to boost trading volumes on the Frankfurt Stock Exchange.