Australian resource company Surefire Resources NL (ASX:SRN) has completed the dual listing of its ordinary shares on the Frankfurt Stock Exchange (DAX) under the code GBL.
Larger investor base and visibility
The company expects the dual listing to broaden its investor base and enhance visibility in European markets.
Surefire enlisted Axino Capital, a leading consultant in the mining and natural resources sector in Germany, to manage the dual listing process and spearhead marketing efforts in Germany.
Axino Capital has a track record of assisting numerous natural resource companies from the Australian Securities Exchange (ASX) and the Toronto Stock Exchange (TSX) with dual listings.
An investor relations and awareness marketing campaign has been concurrently launched to attract German investors to Surefire.
An updated corporate presentation is being actively promoted through Axino's extensive global network of investors, family offices and financial press.
The Frankfurt Stock Exchange, one of Europe’s largest stock exchanges, handles substantial trading volumes from within Germany and across Europe.
The company has not conducted a capital raise in Europe and does not currently plan to do so.
What’s on the cards?
Surefire Resources is advancing the development of its Victory Bore Project in Western Australia, which includes downstream processing in the Kingdom of Saudi Arabia (KSA) to produce green metals for the renewable energy sector.
The planned downstream products include iron products and vanadium electrolyte (VE), a key component for Vanadium Redox Storage batteries (VRB).
VRBs are crucial in the alternative renewable energy market, a significant focus in Europe. Germany is home to leading engineering groups working on VRBs and has a robust iron and steel manufacturing industry.
Surefire is actively progressing discussions in Saudi Arabia and will provide further updates to the market in due course.