(Alliance News) - Africa-focused natural resources investor Critical Metals PLC on Thursday said it is seeking a Main Market listing in London.
The company expects to begin trading on the Main Market on Tuesday.
Critical Metals also added it has raised GBP800,000 through a placing of 16.0 million shares at 5 pence each. The placing is conditional upon its admission to trading, the company noted.
"I am delighted to be able to announce the publication of our prospectus which marks the next step in Critical Metals listing process," Chief Executive Officer Russell Fryer said.
"I believe that we have an opportunity to take advantage of the growing demand for critical metals, by identifying near-term brownfield, cash flow deposits and bringing them into production. We have an experienced team with a successful record of similar transactions and look forward to becoming a public company and accelerating our ambitious growth plans."
Fryer was formerly executive chair of Canadian-listed Western Uranium Corp.
Also set to sit in the company's board is Anthony Eastman, who has spent time at CalEnergy Gas Ltd, a subsidiary of the Berkshire Hathaway Inc group of companies, and Marcus Edwards-Jones.
Edwards-Jones, executive chair at AIM-listed Phoenix Copper Ltd, joins Critical Metals when it begins trading.
By Eric Cunha; ericcunha@alliancenews.com
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Phoenix Copper. (PXC)
Critical Metal (CRTM)