Critical Metals plc (‘Critical Metals’ or the ‘Company’), a mining investment company established to target opportunities in the overlooked and under-analysed mining sector, is pleased to announce that following the publication of its Prospectus on 24 September 2020.
The Company’s entire issued share capital of 30,300,714 shares will today be admitted to the standard segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc.
Dealings will commence at 8.00 a.m. today under the TIDM ‘CRTM’ with ISIN number GB00BJVR6M63 and SEDOL BJVR6M6.
Russell Fryer, CEO of Critical Metals, commented: “Listing today marks a very exciting and significant milestone in the Critical Metals story. It will provide us with the capital required to advance our strategy to identify and acquire brownfield mining opportunities in the strategic metals sector and build value for shareholders, and I look forward to providing further updates as we develop.”
Capitalised terms used in this announcement are as defined in the prospectus published by the Company on 24 September 2020, unless the context otherwise requires.
About Critical Metals
Critical Metals was formed as an investment company and, upon listing, initially intends to make equity investments into operators or near term production operators within the natural resources development and production sector in the continent of Africa. It is envisaged that such acquisition or acquisitions will trigger a reverse takeover in accordance with the listing rules. The Company intends to search initially for acquisition opportunities in the natural resources sector on known deposits and more specifically minerals that are perceived to have strategic importance to future economic growth. Commodities such as antimony, beryllium, cobalt, copper, fluorspar, gold, rare earth elements, tin, tungsten and vanadium have been identified by several governments as “critical minerals” and so guaranteeing supplies is seen as a strategic necessity. The Company therefore believes that the market conditions for these minerals will remain strong in the short-to-long term.
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