Investment Banking

Numis wins Bacanora as it mines rich seam of fresh clients

Another mandate win for Numis as mid-market specialist heralds a turn in the cycle for long-suffering resources companies

Electric car batteries are a destination for Bacanora's lithium
Electric car batteries are a destination for Bacanora's lithium Photo: iStock
Electric car batteries are a destination for Bacanora's lithium
Electric car batteries are a destination for Bacanora's lithium Photo: iStock
Electric car batteries are a destination for Bacanora's lithium
Electric car batteries are a destination for Bacanora's lithium Photo: iStock

Numis Securities has collected its sixth broking mandate in less than five weeks amid hopes of a renaissance in the natural resources sector.

AIM-and Toronto Stock Exchange-listed Bacanora Minerals, which mines lithium amid booming demand for batteries for gadgets and electric cars, said in a statement on August 17 that it had picked Numis as sole UK corporate broker. The mandate win for Numis comes less than a month after Genel Energy, the oil company chaired by former BP boss Tony Hayward, selected the stockbroker to act alongside JP Morgan in the same capacity.

WSJ Logo