Central Asia Metals plc said it had received conditional approval to list its shares on the Toronto Stock Exchange (TSX).
The listing will also include the new shares to be issued to the shareholders of its proposed acquisition Cygnus Metals Ltd, with final approval subject to usual conditions and completion of the Quebec-focused copper-gold-silver developer through an A$232 million (£123m) all-share purchase.
Chief executive officer Gavin Ferrar added: “The addition of a TSX listing will not only allow Cygnus shareholders to trade the [Central Asia Metals] CAML shares they are expected to receive in the Cygnus Transaction on the TSX, but will also serve to broaden CAML’s investor base in North America more generally.”
Central also owns the Kounrad solvent extraction and electrowinning copper operation in central Kazakhstan, the Sasa zinc-lead mine in North Macedonia, a majority interest in two subsidiaries exploring in Kazakhstan, and a 32.6% holding in Aberdeen Minerals Ltd, exploring for base metals in northeast Scotland.