OD6 Metals trading halt request

OD6 Metals Limited (ASX: $OD6) has requested a trading halt from ASX in relation to its ordinary shares, effective from March 22, 2024. The halt is pending an announcement regarding a capital raising, and the company anticipates it will remain in place until the earlier of the announcement or the commencement of trading on Tuesday, March 26, 2024.

Executive commentary on trading halt request

The trading halt request is in line with our strategic plans for potential capital raising activities. We aim to utilize this opportunity to further our exploration and development initiatives within the critical mineral sector. The pending announcement will provide more clarity on our future endeavors and the steps we are taking to achieve our corporate goals.

Summary of trading halt and company outlook

OD6 Metals has sought a trading halt from ASX as it prepares to make an announcement regarding a capital raising. The company, focused on exploration and development within the critical mineral sector, aims to delineate and define economic resources and reserves of Rare Earth Elements (REE) for future revenue generation. The pending announcement is expected to shed light on the company's strategic plans and its commitment to advancing its projects. This move aligns with OD6's ambitions to contribute to the global economy through its exploration efforts and potential future mine development.