REG - Critical Metals PLC - Admission to OTCQB in the U.S.

Critical MetalsAnnouncement

31/05/2024 07:00

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RNS Number : 5491Q  Critical Metals PLC  31 May 2024

Critical Metals plc / EPIC: CRTM / Market: Main Market / Sector: Closed End
Investments

 

 

31 May 2024

 

Critical Metals plc

 

("Critical Metals" or the "Company")

 

Admission to OTCQB in the U.S.

 

Critical Metals plc, a mining company established to acquire mining
opportunities in the critical and strategic metals sector, currently
developing the Molulu copper cobalt mine ("Molulu") in the Democratic Republic
of Congo ("DRC"), is pleased to announce that it has received approval from
the OTC Market Group for the Company's ordinary share capital to cross-trade
on the OTC Market's OTCQB ("OTCQB") trading platform in the United States of
America (the "U.S."). Trading will commence when the market opens later today
under the ticker symbol "CRTMF" ("Trading").

 

The OTCQB platform helps companies to efficiently access the U.S. public
market and grow their North American investor base. The OTCQB is specifically
for early stage and developing companies, with market standards tailored to
the Company's stage of development.  Once Trading commences later today, the
OTCQB platform will make Critical Metal's shares more widely available to
North American investors, whilst having no impact on the Company's ordinary
shares trading on the Main Market of the London Stock Exchange ("LSE"). No new
ordinary shares will be issued as part of the commencement of cross-trading.

 

North American investors can find real-time quotes and market information, and
access current company news and developments for Critical Metals at
www.otcmarkets.com (http://www.otcmarkets.com) .

 

Russell Fryer, CEO of Critical Metals, commented: "We are delighted to be
listing our shares on the OTCQB alongside our current LSE listing. The OTC is
a prestigious market, and with an accessible platform through which U.S.,
Canada, and Mexico based investors can now engage with our Company, we are
excited to build on our reach and profile. Studies show that trading on the
OTC by an international company positively effects share liquidity and
trading, and with an active development plan to unlock the inherent value of
our Molulu project and favourable supply/demand fundamentals, we believe there
is strong investor appetite for a company with growth fundamentals like ours."

 

**ENDS**

 

For further information on the Company please visit www.criticalmetals.co.uk,
follow on X @CriticalMetals_ or LinkedIn, or contact:  

 

 Critical Metals plc                  

 Russell Fryer, CEO                 Tel: +44 (0)20 7236 1177 

 St Brides Partners Ltd               

 Financial PR                         

 Ana Ribeiro/Isabelle Morris        Tel: +44 (0)20 7236 1177 

 

 

About Critical Metals 

Critical Metals PLC has acquired a controlling 100% stake in Madini Occidental
Limited, which holds an indirect 70% interest in the Molulu copper/cobalt
project, an ex-producing medium-scale asset in the Katangan Copperbelt in the
Democratic Republic of Congo. In line with its investment strategy of focusing
primarily on known deposits, targeting projects with low entry costs and the
potential to generate short-term cash flow; the Company intends to produce
120,000t/per annum of Copper Oxide Ore when steady state production is
reached.

 

The Company will continue to identify future assets that are in line with its
stated acquisition objective of low CAPEX and OPEX projects with near-term
production, concentrating on minerals that are perceived to have strategic
importance to future economic growth and generate significant value for
shareholders. 

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