Critical Metals PLC's (LON:CRTM) Russell Fryer joins Proactive London to discuss the latest on the agreed terms for its first potential acquisition, with a deal to buy a majority stake of a copper-cobalt project in the Democratic Republic of Congo.
The firm has signed heads of terms on a deal to potentially acquire a 57% stake in Madini Occidental Ltd (MO), which will hold a 70% beneficial interest in the Molulu project in the DRC.
Fryer explains why the company has requested its shares be suspended pending a further announcement providing more details, the publication of a prospectus or a calling off of the deal. He is expecting to be re-listed in about three months or so.