Published On: January 5th, 2023
Eclipse Metals (ASX: EPM) announces trading on the Frankfurt Stock Exchange under the ticker [FSE: 9EU]. Frankfurt Stock Exchange is the largest of seven stock exchanges in Germany and is the second largest in Europe.
Scope of Dual Listing
The dual listing in Frankfurt Stock Exchange will broaden the European investor base and promote Eclipse’s profile in Europe and trading liquidity. Eclipse’s dual listing will also ease access for European and Scandinavian retail investors.
Eclipse has appointed DGWA, the German Institute for Asset and Equity Allocation and Valuation, to assist in investor relations and corporate advisory. Deutsche Gesellschaft für Wertpapieranalyse GmbH (DGWA) is a Frankfurt-based European investment and financial markets consulting firm with a 25-year record in trading, investing, and analysing SMEs worldwide. DGWA has also dealt with several IPOs, financings, bond issues, dual listings, etc.
DGWA CEO Stefan Müller said,
“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 (REE) 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. “
However, the Australian Securities Exchange (ASX) will remain the primary stock exchange of Eclipse Metals.
Interest from European investors
Eclipse Metals’ Executive Chairman Carl Popal said,
“Eclipse Metals 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; We expect increased interest from European investors, stakeholders and OEMs as project development work continues.”
Eclipse Metals looks forward to developing an ESG framework for its Greenland projects aiming towards minimal environmental impact, developing and preserving local Ivigtût history, assistance in restoring the Ivigtût Mining Museum and harnessing energy from renewable resources for the functioning of its projects.
Visit the company WEBSITE for further updates.
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