Nanocap Redivium (ASX:RIL) has announced it’s listing on continental Europe’s largest bourse, the Frankfurt Stock Exchange (FSE), in a bid to boost liquidity around its EV battery recycling tech development.
Trading under the ticker FSE: H9R0, Redivium will bring to the FSE its patented tech – co-owned by Neometals (ASX:NMT) and SMS Group – which has caught the interest of Mercedes Benz.
A German investor relations entity, DGWA, will handle Redivium’s communications and marketing in the jurisdiction. The chief of that firm expressed excitement.
“European investors, governments and original equipment manufacturers are acutely aware of the shortfall in critical raw materials for the European industry and the role recycling will need play,” CEO Stefan Muller said.
“Redivium’s licenced technology fortifies supply chains across the European Union.”
For Redivium, the move into a European jurisdiction makes sense. Presumably, the company will list as more than a penny stock, which continues to harm its value here in Australia. Europe are also more switched on about EV battery recycling broadly, as well as green thematics in general.
“We are delighted to expand our public market presence by listing on the Frankfurt Stock Exchange. This will allow retail and institutional European investors to invest in our shares in their local market as we continue to expand our business throughout Europe,” Redivium CEO Europe Michael O’Leary-Collins said.
In the background, of course, is the question of how to de-couple from China. To that end, battery recycling has more than one automaker interested across the space globally.
RIL last traded at 0.2cps.