Liberum is appointed Joint Broker to IronRidge Resources Limited
We are pleased to announce that Liberum has been appointed Joint Broker to IronRidge Resources Limited (“IronRidge” or the “Company”), the AIM quoted mining company with a market capitalisation of £92 million.
IronRidge has an array of projects spread over three key jurisdictional portfolios, those being: Lithium in Ghana, Gold and Lithium in Côte d’Ivoire, and Gold in Chad. The Company’s main project is the scoping study stage, high grade, spodumene-lithium (Li) project, Ewoyaa, one of three pegmatite projects that make up the enlarged southern Ghana lithium portfolio.
As announced by the Company this morning, following a strategic portfolio review, the Board of IronRidge intends to progress a demerger of the Company’s gold assets in Côte d’Ivoire and Chad into a new gold focused entity structured to permit quotation on a recognised stock exchange, subject to regulatory and shareholder approvals, as required. Following the proposed demerger IronRidge’s sole focus would be the development of the Ghana lithium portfolio for which it is funded to deliver an updated Scoping Study and Pre-Feasibility Study including 30,000m of resource and exploration drilling.
Liberum will be broker alongside SI Capital and SP Angel (also Nomad).
Investment Banking – Scott Mathieson, Ed Thomas, Kane Collings
Research – Yuen Low
Sales – Simon Fickling