Jason Brewer, CEO of Marula Mining, discusses the company’s recent developments and future plans in an interview with Share Talk. He highlights upcoming listings on various stock exchanges, advancements in lithium and copper projects, acquisitions in manganese and graphite mining, and the positive outlook for the company’s growth and earnings.
Key Insights:
– Listing Developments: Marula Mining is undergoing three listings – on the Nairobi Stock Exchange, in South Africa, and a move to the standard list of the London Stock Exchange. These listings aim to enhance the company’s exposure, credibility, and liquidity, with a market cap exceeding 30 million pounds.
– Project Updates: The company is pioneering in lithium processing technology, utilizing AI and dry sorting methods at the Bladesboro lithium mine. Additionally, advancements in copper projects in Tanzania and acquisitions in manganese mining in Kenya signify a diversified portfolio and potential cash flow generation.
– Shareholding and Future Prospects: Jason Brewer, a significant shareholder, discusses the entry of Q Global Commodities as a major shareholder and the positive impact of their collaboration on operations and project development. With new projects like manganese and graphite mines, the company anticipates increased cash flow, improved margins, and potential share price targets exceeding 25 pence.
– Challenges and Growth: Brewer acknowledges the challenge of maintaining ambitious growth plans and ensuring alignment with external parties’ timelines. The company’s rapid expansion requires internal resources and external partners to keep pace with their aggressive growth strategy, emphasizing the need for efficient collaboration to achieve set milestones and deliver shareholder value.