Saffery Champness’ London Corporate Finance Team, led by Niraj Patel, provided reporting accountant services to Critical Metals plc in respect of the listing of its shares onto the main market of the London Stock Exchange.
Critical Metals plc was formed as an investment company and, upon listing, initially intends to make equity investments into operators or near term production operators within the natural resources development and production sector in the continent of Africa. The company intends to search initially for acquisition opportunities in the natural resources sector on known deposits and more specifically minerals that are perceived to have strategic importance to future economic growth. 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. The company therefore believes that the market conditions for these minerals will remain strong in the short-to-long term.
Russell Fryer, CEO of Critical Metals plc commented on the listing: “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. 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.”