Lucara Diamond Corp has announced that it has met all of the prerequisites for the change of its listing venue in Sweden. Nasdaq Stockholm recently granted the Company final approval to begin trading on the Nasdaq First North Growth Market.
The Company’s shares will be traded on Nasdaq Stockholm until January 30, 2025, and on Nasdaq First North Growth Market beginning January 31, 2025.
This transition will have no effect on the Company’s listing on the Toronto Stock Exchange or the Botswana Stock Exchange, and Lucara stockholders will be under no need to take any action in response to the list change.
Lucara is a major independent producer of huge, excellent quality Type IIa diamonds from its wholly owned Karowe Diamond Mine in Botswana. The Karowe Mine, which has been in production since 2012, is the primary focus of the Company’s operations and development efforts.
Lucara has a competent board and management team with considerable diamond development and operational knowledge. Lucara and its subsidiaries operate in a transparent manner that adheres to international best standards in sustainability, health and safety, the environment, and community relations.
Lucara is certified by the Responsible Jewellery Council, follows the Kimberley Process, and has implemented the IFC Performance Standards and the World Bank Group’s Environmental, Health, and Safety Guidelines for Mining (2007).
As a result, the development of the Karowe underground expansion project (UGP) corresponds to the Equator Principles. Lucara is committed to maintaining high standards while providing long-term economic advantages to Botswana and the communities where it operates.