Critical Metals PLC Suspension of Trading Pending Release Results (9424R)
01 11월 2023 - 4:00PM
UK Regulatory
TIDMCRTM
RNS Number : 9424R
Critical Metals PLC
01 November 2023
Critical Metals plc / EPIC: CRTM / Market: Main Market
1 November 2023
Critical Metals plc
("Critical Metals" or the "Company")
Suspension of Trading Pending Release of 2023 Annual Report
Critical Metals plc, a mining investment company established to
acquire mining opportunities in the critical and strategic metals
sector, would like to provide an update regarding the delay to the
publication of its consolidated audited results for the financial
year ended 30 June 2023 ("FYE 2023").
In accordance with the FCA's Listing Rules and the Disclosure
and Transparency Rules, the Company is required to publish its
audited results for the year to 30 June 2023 by 31 October 2023.
The Company's auditors, PKF Littlejohn LLP ("PKF"), has advised the
Company that the audit process is near complete however with FYE
2023 being the first year as a consolidated entity there are a
number of complexities and as a result certain areas have taken
longer than anticipated.
The Company will continue to work closely with PKF to ensure
that the audited results for the FYE 2023 are published as soon as
possible. This is expected latest by Friday 3 November 2023 if not
sooner.
As a result of the delay in publishing the 2023 Annual Report,
the Company's shares will be temporarily suspended with effect from
1 November 2023. The Company will request a restoration of the
listing of its listing shares following the publication of its FYE
2023 audited results.
**ENDS**
For further information on the Company please visit
www.criticalmetals.co.uk or contact:
Critical Metals plc
Russell Fryer, CEO Tel: +44 (0)20 7236 1177
Peterhouse Capital Limited
Corporate Broker
Lucy William / Charles Goodfellow Tel: +44 (0)20 7469 0936 / +44
(0)20 7220 9797
St Brides Partners Ltd
Financial PR
Catherine Leftley /Ana Ribeiro/Isabelle Tel: +44 (0)20 7236 1177
Morris
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.
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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END
MSCFLFETIILLVIV
(END) Dow Jones Newswires
November 01, 2023 03:00 ET (07:00 GMT)
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