Winmar Resources (ASX:WFE), which has recently raised eyebrows through its joint acquisition of a Democratic Republic of Congo-based cobalt processing facility and nearby prospective tenements, has flagged a dual listing on the London Stock Exchange.
The aspiring battery metals player has announced its intention to dual-list, believing the move will attract further attention to its new 50 percent stake in the prized Luapula Cobalt Processing Facility.
The listing plans have emerged as the company scrambles to re-comply with the ASX following a lengthy suspension of trading, which has been in place since June 2018.
Leading full-service commercial legal practice Memery Crystal have been appointed to manage the listing process, with Memery considered one of the leading law firms for dual listing ASX and LSE companies.
The firm has assisted listing numerous companies, most recently providing services to Botswana -focussed copper explorers MOD Resources (ASX:MOD) and Eritrean potash developers Danakali (ASX:DNK).
Winmar reports that it anticipates trading on the LSE before the end of the first half of the current financial year.
Commenting on the listing, Winmar Resources chairman Jason Brewer said:
With this dual listing we are looking to raise and enhance the profile of Winmar and its activities and attract broader institutional investors from the London and European markets.
“The London and European investment communities and metal trading markets have demonstrated in the past their understanding and long-term commitment to investment in African mining projects, and I am firmly of the opinion that there will be a very strong support for what we are looking to achieve in Africa, once the Company is dual listed,” he said.