NQ Minerals dual lists on Frankfurt Stock Exchange
NQ Minerals PLC (LON:NQMI, FSE: 44D) said its shares starting trading on the Frankfurt Stock Exchange today, making it one of the first companies with a primary listing on London’s Aquis Exchange to achieve a dual listing.
The company, which is focused on the environmental rehabilitation and sustainable exploration and extraction of minerals at former precious metal mining locations in Australia, previously announced it is also working to seek admission to the main market of the London Stock Exchange.
“As part of our stated strategy to secure exposure on Tier1 exchanges, we are delighted to now be dual-listed on the Frankfurt Exchange, the biggest continental European stock exchange and world’s 12th largest stock exchange by market capitalization,” said NQ Minerals chairman David Lenigas.
“The German investor audience is acutely tuned into the mining sector and green investment and has a deep understanding of the end markets that our sustainably extracted minerals impact as those sectors seek to reduce their carbon footprint.
“We will likewise continue with the ongoing process for admission onto the London Stock Exchange’s main market and are encouraged by our Green Economy Mark pre-qualification.”
On a successful listing on the London Stock Exchange’s main market, NQ is expected to qualify for the LSE’s Green Economy Mark, which recognises companies that derive 50% or more of their total annual revenues from products and services that contribute to the global green economy.