Australian exploration company Eclipse Metals (ASX:EPM) reports it has commenced trading on the Frankfurt Stock Exchange in Germany under the ticker FSE:9EU.
The company has appointed Frankfurt-based German Institute for Asset and Equity Allocation and Valuation (Deutsche Gesellschaft für Wertpapieranalyse GmbH (DGWA) as its investor relations and corporate advisor in Europe.
DWGA will assist Eclipse to engage with retail, institutional, and large private investors in the German speaking DACH region (Germany, Austria, and Switzerland) with a population of about 100 million people, as well as the rest of Europe and the UK. It will also assist Eclipse with expanding its European profile for investors and stakeholder awareness of the company, as well as highlighting its activities at the Ivigtût Rare Earth Element (REE) Project.
The Australian Securities Exchange (ASX) will however, continue to be Eclipse’s primary exchange.
Eclipse says dual listing in Frankfurt will support Eclipse’s strategy of broadening its overseas investor base to engage with European investors and stakeholders. It also facilitates access for retail investors from European and Scandinavian countries and promotes the company’s corporate profile in Europe, as well as trading liquidity.
“The company has attracted considerable interest from investors outside Australia and in particular Scandinavian regions where there is an awareness of the company’s projects”
Commenting on the listing, Eclipse Metals Executive Chairman Carl Popal says: “The company 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 Chief Executive Officer (CEO) Stefan Müller commented: “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 results from the Ivigtût and Grønnedal targets in Greenland.
The interest from European investors in companies with REE projects in tier 1 jurisdictions such as Greenland is particularly strong. We will further assist the company with memberships and engagement with relevant European organisations and stakeholders.”
DGWA is a ‘boutique’ European investment and financial markets consulting firm based in Frankfurt and Berlin, Germany. The firm has a 25-year track record in trading, investing and analysing small-to-medium enterprises (SMEs).
Eclipse notes DWGA has been involved in over 250 initial public offerings (IPOs), financings, bond issues, dual listings and corporate finance transactions; as well as corresponding road shows and awareness campaigns.
Eclipse Metals is an Australian company focused on exploring southwestern Greenland, the Northern Territory, and Queensland for multi-commodity mineralisation.
The company holds a portfolio of projects in these regions prospective for cryolite, fluorite, siderite, quartz, REEs, gold, platinum group metals (PGMs), manganese, vanadium, and uranium mineralisation.
These projects include the Ngalia Basin Uranium Projects, Ranger Mines, Thunderball, Caramel and Nabalek Uranium projects in the Northern Territory; the Mary Valley Manganese Project in Queensland, and lastly the Ivigtût REE Project in Greenland.
Images: Eclipse Metals Ltd
