C29 Metals suspends trading temporarily

C29 Metals (ASX:C29) has requested a voluntary suspension of its securities from trading on the Australian Securities Exchange as of December 3, 2024. This suspension is pending an announcement regarding the application for Ministerial Approval for the transfer of the Ulytau tenement in Kazakhstan.

Outlook and strategic implications

C29 Metals Limited has voluntarily suspended trading of its securities on the ASX as it awaits a crucial announcement concerning the Ministerial Approval for the transfer of the Ulytau tenement in Kazakhstan. This approval is vital for the company's strategic operations and future ambitions in the region. The suspension will last until December 17, 2024, or until the necessary announcement is made, whichever comes first. The board of C29 Metals has authorized this request, which was communicated by the Company Secretary, Ailsa Osborne. The company remains committed to keeping stakeholders informed and has provided contact details for further inquiries. This move reflects C29 Metals' focus on securing important regulatory approvals to advance its strategic goals in Kazakhstan.

Executive perspective on suspension

The suspension is due to the company's current inability to provide an update regarding the Ministerial Approval for the Ulytau tenement transfer. This approval is critical for the company's operations and future plans in Kazakhstan. C29 Metals Limited is not aware of any reasons why the voluntary suspension should not be granted and have no additional information that needs to be communicated to the market regarding the suspension.