REG - Critical Metals PLC - Suspension of Trading Pending Release Results

Critical MetalsAnnouncement

01/11/2023 07:15

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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
(http://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.

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