Last checked at 1 Nov 2023 07:00
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 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.
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.