Future Metals will open for business on the UK’s alternative investment market on Thursday while drilling continues at the Panton platinum group metals project near Halls Creek in Western Australia.
The company expects trading of its ordinary shares to commence at the London market’s open on Thursday (3 pm GMT+ 8 hours) while as drilling progresses past 13 holes across 3,000 metres of ground known for containing broad zones of platinum and palladium.
In conjunction with the listing, London-based company director and founder of PWC’s International Wealth business, Elizabeth Henson, will join the board, bringing her wealth of directorial experience and company taxation law.
FME has also engaged boutique firm WH Ireland as its UK Broker, using its tailored approach to assist with broking services, research, market-making and investor relations.
FME plans to report assay results once they are available.
Amendment to Adviser Options
In light of the increase in the Company’s share price since its recommencement of trading on the ASX on 22 June 2021, the Company has agreed with its nominated adviser, Strand Hanson Limited, to amend the terms of the previously approved 6 million options exercisable at 12 cents.
Accordingly, Strand Hanson will now receive 7 million options, exercisable at a share price of AU $.018.
FME’s Australian Stock Exchange-listed shares have risen 5.41 per cent today, trading at 19.5c (11.29 am GMT+ 8 hours).