A2X announces second inward listing – Marula Mining

Marula Mining announced today that it is set to inward list its shares on A2X.

Marula is listed on the Aquis Stock Exchange in Europe, and its shares will be available for trade on A2X from 25 April 2024.

Its listing on the Acquis Stock Exchange will remain unaffected by its inward listing on A2X.

UK-based Marula has a market cap of £15.88 million (R381 million) and an aggressive growth strategy to identify, invest in and develop advanced and high-value mining projects in the battery metals and critical metals sectors throughout East, Central and Southern Africa. 

It aims to deliver rapidly for its shareholders by successfully taking its projects through to production and generating positive returns for all stakeholders.

Marula currently holds interests in the following mines and advanced projects:

• Blesberg Lithium and Tantalum Mine – South Africa
• Larisoro Manganese Mine – Kenya
• Kinusi Copper Mine – Tanzania
• Nyorinyori Graphite Project – Tanzania
• NyoriGreen Graphite Project – Tanzania
• Nkombwa Hill Niobium, Tantalum, Rare Earths and Phosphate Project – Zambia
• Bagamoyo Graphite Project – Tanzania

Marula CEO Jason Brewer said, “One of our key operating mines is the Blesberg Lithium and Tantalum Mine in the Northern Cape, and our listing on A2X will enable direct investment in Marula by South Africans looking to participate in our success.” 

“I look forward to attracting more South African investors who recognise the tremendous potential that Africa has in the battery metals and critical metals sector, and will further strengthen our company’s shareholder base and improve the liquidity and marketability of Marula shares.”

A2X CEO Kevin Brady said, “We are delighted to be the chosen platform for this listing and welcome Marula Mining PLC to A2X next week.” 

“Marula is our second inward listing this year and forms part of A2X’s strategy to expand the number of companies and products available to the local marketplace.” 

Marula’s listing marks A2X’s second inward listing after welcoming Neo Energy Metals earlier this year.