Australia's Apollo Minerals Approved for Listing in Paris, France

en.Wedoany.com Reported - Australian-listed company Apollo Minerals has been approved for listing on Euronext Growth Paris Exchange under the stock code "ALAON". The company will retain its listing on the Australian Securities Exchange (ASX), with full transferability of shares between the two markets.

Apollo Minerals' core asset is the Couflens high-grade tungsten/gold project in France, which includes the Salau mine, historically one of the world's highest-grade tungsten mines. During its operation from 1971 to 1986, the mine achieved an average mining grade of 1.5% tungsten trioxide. Under the EU's Critical Raw Materials Act, tungsten is classified as both a critical and strategic raw material. France and the EU consider tungsten to be of high importance in terms of economic significance and supply vulnerability, with applications spanning defense, aerospace, industrial manufacturing, and energy transition.

Managing Director Neil Inwood stated that the approval for trading in Paris marks a significant milestone for the company. He noted that as the owner of the Couflens project, Apollo is uniquely positioned to participate in Europe's efforts to secure strategic and critical mineral supply chains. The company looks forward to engaging with a broader European investor base to advance its high-quality asset portfolio and create long-term value for shareholders.

Euronext is a leading European stock exchange with a total market capitalization exceeding €6.8 trillion, an average daily trading volume of over €11 billion, and more than 4,200 active institutional investors from over 80 countries, offering a highly diversified investor base.

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