Copper mining company Copper 360 has listed on the Johannesburg Stock Exchange’s (JSE) Alternative Exchange (Alt X) board.
Copper 360 was formed in November 2022 and is based in the Northern Cape following a reverse take-over of copper producer Big Tree Copper and copper mining company SHiP Copper.
The company prioritises producing premium copper that will yield a high cash margin. Its mining right covers 19,000 hectares, with 12 copper mines and 60 copper prospects.
The estimated “Life-of-Mine” across the company’s operations is over 100 years.
“Coming to the market means we give South Africans the only pure copper exposure available with further major growth,” said Copper 360 CEO Jan Nelson.
“It opens up a capital market for us and allows us a network to develop strategic partnerships further. It also raises our profile and South Africa’s.”
Cooper 360 intends to create a new “copper country” by using a process where several mines feed into one process facility.
Copper 360 is among 44 companies in the basic materials sector listed on the Main Board and AltX Board of the JSE.
News24 recently reported that Copper 360 had raised R152.5 million in an “oversubscribed bookbuild” before its listing on the JSE.
At the time of writing, Copper 360’s share price is R4.75.