Stock Markets

CAA Mining’s listing is nugget for London Stock Exchange





A mining firm focused on Ghana is planning to list on the London Stock Exchange’s junior AIM market by the summer.

In a recent presentation seen by The Mail on Sunday, CAA Mining told investors that it was aiming to float at some point between April and June.

Founded in 2018, the group works on gold and lithium projects in the West African country. 

Chief executive Douglas Chikohora previously worked at Cluff Resources, set up by British energy and mining veteran Algy Cluff.

It is not clear what valuation the firm will attract, but it is likely to be small. 

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However, if the group joins AIM it will be a boost for the London market after a dearth of flotations in 2023, and a series of major companies snubbing the City or switching their primary listing to New York.

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