Marula Mining
PLC
("Marula'' or the "Company")
21
June 2024
Update on Proposed Nairobi
Securities Exchange Dual Listing
Marula Mining (AQSE: MARU) an
African focused mining and development company, provides an update
on its planned dual listing on the Nairobi Securities Exchange
("NSE") in Kenya.
The Company confirms that further to
its announcement of 22
December 2023, it will now be
seeking admission of its securities to the
Growth Enterprise Market Segment ("GEMS") of the NSE in July
2024 and is working with its
Nominated Advisor and Sponsoring Stockbroker,
Faida Investment Bank to finalise all outstanding
matters.
Highlights:
·
Marula to seek dual listing of its securities on
the NSE in July 2024
·
Dual listing follows the Company's recent
investment in the Larisoro Manganese Mine located in Samburu County
in Kenya with potential future planned investments and acquisitions
in Kenyan's copper, graphite and manganese mining sector
·
The revised date allows for the
inclusion of a number of material documents and milestones to be
included in the Company's NSE listing documentation including
details of its investment in the Larisoro Manganese Mine and the
sales of manganese ore due to commence under agreed offtake
arrangements
·
The NSE listing documentation will also include
details of additional upcoming investments in Kenya's copper,
graphite and manganese sectors, where the Company has a clear
strategy of establishing itself as Kenya's leading mining and
mineral investment company
·
The Company's listing document will also include
details of its sales of production of other battery metal products
including lithium ores in South Africa and planned copper, graphite
and rare earths mine production
·
The proposed dual listing on the NSE further
underscores the Company's commitment to Kenya and East Africa's
mining sector and battery and critical metals mine development as
well as to its many stakeholders within the African
continent
·
The planned listing will enable Marula to access
the wide pool of individual and institutional investors
in Kenya, and is considered a key element of the Company's
plans to accelerate its growth and new mine development in Kenya
and East Africa
The
Directors of Marula are responsible for the contents of this
announcement.
About Marula Mining
Marula Mining (AQSE: MARU) is an
African focused battery metals investment and exploration company
and has interests in several high value mine projects in Africa;
the Blesberg Lithium and Tantalum Mine and Korridor Lithium Project
in South Africa, the Kinusi Copper Mine, the Nyorinyori Graphite
Project, the NyoriGreen Graphite Project and the Bagamoyo Graphite
Project all in Tanzania, the Nkombwa Hill Project in Zambia and the
Larisoro Manganese Mine located in Kenya. As we advance operations
at these battery metals focused projects, Marula will continue to
build and expand its interests in other high-quality projects in
Africa.
Marula's strategy is to identify and
invest in advanced and high-value mining projects throughout East,
Central and Southern Africa that the Directors believe would
deliver returns for its shareholders. The Board and management team
aims to establish Marula as a socially and environmentally
responsible, sustainable, and profitable producer of critical
metals and commodities that are of increasingly strategic
importance to modern technologies and the global economy. Marula's
shares are traded on the AQUIS Stock Exchange (AQSE) in the United
Kingdom and the A2X Markets in South Africa. Marula is exploring
opportunities to admit its shares to trading on the London Stock
Exchange plc's Standard List, Kenya's Nairobi Securities Exchange
and South Africa's Johannesburg Stock Exchange.
For
enquiries contact:
Marula Mining PLC
Jason Brewer,
Chief Executive Officer
Faith Kinyanjui Mumbi
Investor Relations
|
Email :
jason@marulamining.com
Email :
info@marulamining.com
|
AQSE Corporate Adviser
Cairn Financial Advisers LLP,
Liam Murray / Ludovico Lazzaretti
|
+44 (0)20
7213 0880
|
Broker
Peterhouse Capital Limited,
Charles Goodfellow / Duncan Vasey
|
+44
(0)20 7469 0930
|
Financial PR and IR
BlytheRay
Tim
Blythe / Megan Ray / Said Izagaren
|
+44 (0)20 7138 3204
|
Caution:
Certain statements in this
announcement, are, or may be deemed to be, forward looking
statements. Forward looking statements are identified by their use
of terms and phrases such as ''believe'', ''could'', "should"
''envisage'', ''estimate'', ''intend'', ''may'', ''plan'',
''potentially'', "expect", ''will'' or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward-looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements reflect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.