22 June 2021
Future Metals NL
(formerly Red Emperor Resources NL)
("Future Metals" or the "Company")
Confirmation of Name Change and Recommencement of trading on the ASX
Future Metals NL (ASX: FME), formerly named Red Emperor Resources NL, is pleased to confirm the completion of its change of name and that the suspension of trading in its securities on the ASX has been lifted with effect from the commencement of trading on Tuesday, 22 June 2021, following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules.
The Company has now satisfied all of the conditions relating to its acquisition of the entire issued share capital of Great Northern Palladium Pty Ltd ("GNP"). In addition, GNP has recently exercised its option with Panoramic Resources Limited ("Panoramic") to acquire the remaining 20 per cent. of Panton Sill Pty Ltd ("Panton Sill") not already held by GNP. Settlement of the A$3m option exercise consideration to Panoramic occurred on 16 June 2021. Accordingly, GNP is now a wholly owned subsidiary of the Company and the enlarged group owns and controls 100 per cent. of the Panton PGM Project in Western Australia. The Company's new website address is: www.future-metals.com.au.
The Company is continuing to progress the requisite workstreams in respect of the intended readmission of its ordinary shares to trading on AIM in order to restore its former dual listing at the earliest opportunity and a further announcement will be made in due course as appropriate.
For further information, please visit www.future-metals.com.au or contact:
| Future Metals NL |
+61 8 9212 0102 |
| Greg Bandy |
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| Strand Hanson Limited (Financial Adviser) |
+44 (0) 20 7409 3494 |
| James Harris |
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| Brandon Hill Capital (UK Broker) |
+44 (0) 203 463 5010 |
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| 708 Capital Pty Ltd (Australian Broker) |
+61 (0) 2 9112 2500 |
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