Critical Metals to list in London and focus on mining assets in Africa

Critical Metals Plc, (LON:CRTM) an investment company focused on assets in Africa, is to list on London's main market after the completion of an £800,000 fundraise at 5p per share.

Admission to the standard market is expected to occur at on 29 September with the ticker ‘CRTM', the company said today in a statement.

Initially, the strategy will be to focus on known deposits and more specifically minerals that are perceived to have strategic importance to future economic growth, Critical Metals said.

Commodities such as antimony, beryllium, cobalt, copper, fluorspar, gold, rare earth elements, tin, tungsten and vanadium have been identified by several governments as "critical minerals" and so guaranteeing supplies is seen as a strategic necessity, it added.

Market conditions for these minerals will remain strong in the short-to-long term, said its statement.

Russell Fryer, Critical Metals' chief executive, added: "I am delighted to be able to announce the publication of our prospectus which marks the next step in Critical Metals' listing process.

"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."

At 5p per share, Critical Metals is valued at £1.5mln.