Mineral exploration and development company Kore Potash will list its shares on South Africa’s A2X Markets, with its shares to be available for trade on the exchange from May 14.
It is already listed on the LSE’s Aim market, the JSE and the ASX and these listings will remain unaffected by its secondary listing on A2X.
Through the development of the Sintoukola potash basin in the Congo-Brazzaville, Kore says it is working to bring its globally significant potash deposits into production.
Potash is the name for the group of minerals that provide potassium for plant growth.
The company is aiming to be among the world’s lowest-cost potash producers owing to the favourable location, large size, high grade and shallow depth of its Congo-Brazzaville deposits.
“We combine the latest technologies and efficiencies to meet Kore’s ambition to become one of the world’s lowest-cost potash producers. By listing on the efficient and low-cost A2X platform, we extend our philosophy to shareholders and allow them the opportunity to transact at the best price across markets in Africa,” says Kore CEO André Baya.
Kore Potash joins other companies from the mining sector with listings on A2X including AngloGold Ashanti, African Rainbow Minerals, DRDGOLD, Exxaro Resources, Harmony Gold, Impala Platinum, Merafe Resources, Pan African Resources, Tharisa and most recently, Neo Energy Metals and Marula Mining, which have inward-listed their shares on A2X from the UK.
“We are looking forward to welcoming Kore Potash to our market next week and demonstrating the benefits that a secondary listing can bring to their shareholders. Not only does it provide an alternative venue on which to transact and access additional liquidity but our low fee structure also drives significant savings,” says A2X CEO Kevin Brady.
