Critical Metals 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.
It is envisaged that such acquisition or acquisitions will trigger a reverse takeover in accordance with the listing rules.
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.
“Listing today marks a very exciting and significant milestone in the Critical Metals story,” said Critical Metals chief executive Russell Fryer.
“It will provide us with the capital required to advance our strategy to identify and acquire brownfield mining opportunities in the strategic metals sector and build value for shareholders, and I look forward to providing further updates as we develop.”