Surefire Resources gains European exposure with Frankfurt Stock Exchange listing
Australian vanadium specialist Surefire Resources (ASX: SRN) has advanced its global marketing strategy with the successful dual listing of the company’s shares on the Frankfurt Stock Exchange under the ticker GBL.
Surefire and corporate support contractor Axino Capital identified the Frankfurt exchange as an opportunity to engage with European investors.
The company has already attracted global interest in the exciting potential of its large Victory Bore project in Western Australia.
Marketing campaign
To support the dual listing, Axino – a leading consultant in the mining and natural resources sector in Germany that has assisted many natural resource companies from the ASX and TSX in this process – has developed an investor relations and awareness marketing campaign targeting German investors.
The campaign is highlighting Surefire’s strategy to develop the Victory Bore mine via downstream processing to be undertaken in Saudi Arabia, along with its production ambitions in the green metals sector including iron products and vanadium electrolyte (VE).
VE is the key ingredient for vanadium redox storage batteries (VRB), part of the alternative renewable energy market—a driving force in Europe.
Germany hosts some leading engineering groups developing VRBs and also has a significant iron and steel manufacturing base.
Stakeholder discussions
Along with the German exchange exposure, Surefire has identified several key stakeholders it is confident can assist in fast-tracking Victory Bore’s development.
In late June, Surefire reported ongoing discussions with potential stakeholders that could support areas such as mining contractor services, haulage infrastructure and shipping services.
The company is discussing shipping products to Saudi Arabia from the port of Geraldton in WA.
It is also investigating potential co-development of the planned Saudi vanadium plant, product off-take partners and funding to fast-track the project.
Surefire chief executive officer Jan de Jager said the continued negotiations with all key stakeholders are essential to further progress critical work needed to progress towards completing a definitive feasibility study in the lead-up to making a final investment decision.