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Critical Metals in early stage talks over potential future transactions

Critical Metals PLC (LON:CRTM) is engaged in early stage discussions regarding potential future transactions, the mining investment firm said alongside its interim results.

It posted a net loss of £152,111 for the six months to end December 2020 versus a loss of £17,437 in the year-earlier period. In September the company was admitted to the main market of the London Stock Exchange, raising gross proceeds of £0.8mln.

“We have experienced further strong support from shareholders in recent weeks, with the exercise of warrants post period end which have strengthened our cash position by some £935,000, demonstrating the confidence shareholders have in the company’s strategy,” said chairman Russell Fryer.

“I am excited about what the second half of the financial year will hold and a confident that it will be a period of significant progress for the company,” he added.

It is looking to buy operators or companies close to production in Africa and is focused on commodities which have been identified by several governments as ‘critical minerals’.

Strand Hanson Ltd has been appointed as corporate advisor.

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