Copperstone Resources AB (publ) today announces that the company has begun preparations to apply for a listing of the company's shares on Nasdaq Stockholm's main list. The ambition is a listing change around the turn of the year.
“Copperstone continues to make great progress in reopening the Viscaria copper mine in Kiruna and will be well positioned to meet the global demand for responsibly and locally produced copper. A change to the main list increases the opportunity for institutional investors to invest in our stock, creates conditions for improved liquidity, and contributes to increased transparency," said Jörgen Olsson, Chairman of the Board of Copperstone Resources.
Copperstone is working to restart the Viscaria copper mine in Kiruna. As previously communicated, the funding for the restart is estimated to consist of 60 percent debt financing and 40 percent new equity, totaling SEK 4.5 – 5 billion.
Copperstone is currently listed on Nasdaq First North Growth Market. The change to Nasdaq Stockholm is intended to take place without a share issue or sale of the company's shares.