CAPITAL MARKETS

"We felt it was important to broaden our market to include a European exchange"

Finland explorer to maintain TSXV listing

Staff reporter
 Finland explorer to maintain TSXV listing

Finland explorer to maintain TSXV listing

The news may be reassuring to those who fear Toronto is waning as an exchange for gold juniors, with West African Resources yesterday pulling the pin on its TSXV listing and separately, Titan Minerals to merge with Canada's Core Gold in a deal where only the ASX listing will survive.

"As a European-focused company we felt it was important to broaden our market to include a European exchange," FireFox president and CEO Carl Löfberg said yesterday.

"We have had excellent response to our marketing so far, and so we expect to see strong trading support in Frankfurt."

The company had debuted on the TSX Venture Exchange in December following an IPO that raised C$2.1 million (US$1.6 million) through the issue of about 5.3 million units at 40c each. The amended proposal had aimed to issue between 5-12.5 million units to garner $2-$5 million.

FireFox then reported 2m at 45g/t gold from 125.5m in initial drilling at its Mustajärvi project in the Central Lapland greenstone belt last month.

Its Frankfurt shares trade under the symbol FIY and have risen from €0.159 last week to €0.183.

In Toronto, its shares have ranged from C39c-21c and closed down 8.5% yesterday to 27c, capitalising it at $7.9 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.