Mining and metals company Tharisa plc has begun trading on the Namibia Securities Exchange (NSX) after securing a secondary listing.
Trading commenced on Monday, 9 November 2026, under the share code THR, providing local investors with direct access to shares in the platinum group metals (PGMs) and chrome producer.
The company said the secondary listing would allow its shares to qualify as Namibian assets, subject to applicable regulatory limits, enabling institutional investors to meet domestic investment requirements.
Tharisa, which maintains its primary listing on the Johannesburg Stock Exchange (JSE) and a secondary listing on the London Stock Exchange (LSE), said the move formed part of its strategy to diversify its shareholder base, improve share liquidity and attract additional institutional investment.
Tharisa Chief Executive Officer Phoevos Pouroulis said the listing would provide Namibian pension funds and asset managers with an additional investment option in the mining sector.
“The listing on the Namibia Securities Exchange is a measured and cost-effective step in our ongoing programme to broaden and diversify Tharisa’s investor base,” Pouroulis said.
He said the listing aligned with the long-term investment strategies of Namibian pension funds, particularly as the company advances the development of its Karo Platinum Project.
“It affords Namibian institutional investors direct access to a PGM and chrome producer, an exposure not otherwise available to them on the NSX, and reflects the long-term nature of Namibian pension capital, which is well aligned with our growth strategy as we advance Karo Platinum,” he said.
The company noted that the NSX’s FTSE Capped Overall Index remained heavily weighted towards financial stocks, with Anglo American currently its only resources constituent.
Tharisa’s listing is expected to broaden mining sector investment options on the local exchange and potentially attract additional demand from pension funds and asset managers seeking to diversify their portfolios.
The company said the listing would also provide Namibian institutional investors with another avenue to allocate capital to qualifying domestic assets while gaining exposure to the mining sector.
Tharisa confirmed that its NSX-listed shares would remain interchangeable with those traded on the JSE, LSE and A2X, allowing investors to trade the same securities across the different exchanges.
The JSE will continue to serve as the company’s primary market for price discovery, while the NSX will provide an additional trading platform for Namibian investors.
The company said the secondary listing followed a proposal by IJG Securities, which will serve as its sponsor on the NSX.
The listing expands the range of resource-sector securities available on the Namibian exchange and provides Tharisa with access to the country’s institutional investment market
