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LONDON - Marula Mining PLC (AQSE:MARU, A2X: MAR) has incorporated two new wholly-owned UK-based subsidiaries as part of a corporate restructuring initiative, according to a press release statement issued Friday.
The African-focused mining company has established Marula Africa Mining Holdings Limited to serve as the holding company for its interests in East and Southern African mines, development and exploration projects. The company stated this structure aims to streamline management of its operational activities across Africa.
Additionally, Marula has incorporated Marula Metals Processing Limited, which will handle value-addition and processing operations for battery metals and critical minerals from its African projects. This entity will also function as a special purpose vehicle for joint ventures focused on battery metals processing, recycling of critical metals, and e-waste recovery.
The company described these new subsidiaries as "key elements" of its corporate growth strategy, which focuses on producing high-value materials of critical global importance.
Marula Mining currently maintains interests in several mining operations and development projects across Africa, including the Blesberg Lithium and Tantalum Mine in South Africa, the Boteti Lithium Brines Project in Botswana, and various manganese, copper, and graphite projects in Kenya and Tanzania.
The company’s shares are traded on the AQUIS Stock Exchange in London and A2X Markets in South Africa, with exploration of potential listings on Kenya’s Nairobi Securities Exchange and South Africa’s Johannesburg Stock Exchange underway.
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