Exploring New Frontiers
Investing in Mining has multiple benefits. Other than the potential of a return for investors it makes up a substantial part of the economies of many developing countries. Responsible mining can lift people out of poverty by offering economic opportunity, jobs and training. It generates tax revenues that governments can spend on services like health and education. The infrastructure built for it can be shared with local communities to supply electricity and water. Sumo Resources is a part of this.
Sumo Resources is an exciting growth company with the potential to expand its asset base and operations rapidly. We are constantly evaluating growth opportunities.
The next steps are focused on identifying exploration targets within the licensed properties. This takes the form of geological studies to indicate the most likely areas for mineable mineral deposits.
The company is in process with a feasibility study to establish an operations base in Rwanda to centralise and expand exploration and trading activities.
Sumo Resources Plc is listed on the Euronext Paris Access segment under the symbol MLSUM with plans to move its listing to a more liquid segment or market to further improve access to capital for development.
Some of our strong points include:
We are focused on commodities that are very relevant in our world today. With everything shifting towards a digital world at an ever increasing pace, the demand will continue to grow in a world with finite resources.
We have a capable and enthusiastic management team that prefers to be hands on in the business. The team have a long history of working together and excellent industry and geography knowledge.
The Company is structured to be able to expand rapidly when new opportunities arise and provides the opportunity to share in the growing Africa/China trade.
Our commitment to social projects in the areas we operate makes the world a better place. We are making a contribution to improving the lives of the less privileged and create employment.
Information on the Security
Securities Number: A1W0G8
Short Code: MLSUM
CUSIP: G8564A 101
Nominal Share Val in £: 0.10
Authorized Capital in £: 3,100,000
Authorized Shares: 31,000,000
Exchange: Euronext Paris Access