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.
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
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Tel: +44 (0)20 7236
1177
|
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St
Brides Partners Ltd
Financial PR
Ana Ribeiro/Isabelle
Morris
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Tel: +44 (0)20 7236
1177
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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.