Surefire Resources (ASX: SRN) lists on Frankfurt Stock Exchange to expand investor base

July 22, 2024 03:36 PM AEST | By Aditi Sarkar

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Surefire Resources (ASX: SRN) lists on Frankfurt Stock Exchange to expand investor base — Image source: Company update

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Highlights

Surefire Resources has completed a dual listing on the Frankfurt Stock Exchange (DAX) under the trading code GBL.

Listing on the DAX provides SRN with a strategic opportunity to expand its investor base and increase visibility in European markets.

SRN progresses plans for downstream processing in the KSA.

Surefire Resources NL (ASX: SRN), an Australian resource company, has successfully listed its ordinary shares on the Frankfurt Stock Exchange (DAX) under the trading code GBL.

Strategic Expansion into European Markets

The Frankfurt Stock Exchange, one of Europe’s largest exchanges facilitating trades across Germany and other European nations, presentsSRN with a strategic opportunity to broaden its investor base and enhance its visibility in European markets. Notably, this initiative does not involve any capital raise in Europe at present and is not currently planned.

Driving International Growth and Investor Engagement

To facilitate this dual listing process and bolster its presence in Germany, Surefire Resources NL collaborated with Axino Capital. Axino Capital, a renowned advisor specialising in the mining and natural resources sector in Germany, has a distinguished track record of assisting numerous resource companies from ASX and TSX in achieving successful dual listings.

Their collaboration underscores SRN's commitment to leveraging international markets for sustained growth and investor engagement.

Downstream processing

Surefire Resources is advancing plans for its Victory Bore project, which includes establishing downstream processing facilities in the Kingdom of Saudi Arabia (KSA) to produce green metals and participate in the renewable energy sector. Planned products include iron products and vanadium electrolyte (VE), essential components for vanadium redox storage batteries (VRBs) crucial in Europe's burgeoning alternative energy market.

Germany, with its engineering firms specialising in VRB technology and a substantial iron and steel manufacturing sector, plays a pivotal role in this initiative. Discussions are ongoing in the KSA, with further updates expected as developments unfold.

SRN shares were trading at AU$0.006 at the time of writing on 22 July 2024.

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