Energem Resources, an Africa-focused energy and biofuels company, has joined AIM. The company didn’t raise any funds on admission, but will access capital when needed.

Energem Resources, an Africa-focused energy and biofuels company, has joined AIM. The company didn’t raise any funds on admission, but will access capital when needed.

The directors have opened a route to future funding because they believe demand in its markets will grow.

Energem’s chairman, Brian Menell, said London was the board’s first choice for a listing. “We have chosen AIM and London as we believe that its institutional investor and investment banking community has significant knowledge and experience of the resources markets, renewable energy markets and emerging African markets in which Energem operates.”

Energem’s nominated adviser and broker was Canaccord Adams, while Canadian firm Koffman Kalef provided legal advice.