Liberum appointed as Nominated Adviser to Emmerson PLC
We are pleased to announce that Liberum has been appointed as Nominated Adviser to Emmerson with immediate effect. Liberum were appointed as Joint Corporate Broker to Emmerson in February 2022.
Emmerson is a potash development company focussed on the development of the wholly-owned Khemisset MOP (Muriate of Potash) project in Morocco.
The Khemisset project has a number of advantages including a relatively shallow orebody, high quality existing infrastructure, an eminently strategic location which should result in highly competitive delivered costs to key markets, by-product salt credits to enhance value and very attractive tax and royalty rates in Morocco.
In November 2021, Emmerson secured a c.US$47m strategic investment from a consortium of investors led by Global Sustainable Minerals which is backed by Indonesian billionaire Indra Widjaja. This has enabled Emmerson to commence the pre-construction phase of the development and the Company is now focussed on securing the Environmental and Social Impact Assessment approval from the Moroccan authorities ahead of finalising preparations for the construction of the project.
Investment Banking – Scott Mathieson, Will King
Research – Yuen Low
Sales – Simon Fickling
CIR – Nicole Barbour