MTM Critical Metals: “Trading Suspended” – Is the Market Going Participant-less?

MTM Critical Metals Limited (ASX: MTM) recently announced that its shares have been placed in a trading halt. The halt on trading of the company’s stocks will be effective from 28 May 2020 until 11 June 2020 or when the announcement regarding the halt is released, which ever is earlier. The ASX halt request was instantly triggered after the company released the Investor Presentation of its brand new strategy. MTM Critical Metals Limited is one of the leading domestic and global suppliers of specialty and critical metals for the use in industries like automotive, defense, electronics, energy, and other industrial applications. The Investor Presentation was initiated post the company updated its Business Strategy to focus on the liberation of critical and specialty metals from secondary sources and existing stockpiles. MTM Critical Metals Ltd claims that its strategy is designed to benefit the stakeholders, the commercial partners and the environment. The Investor Presentation highlighted aspects like: • Securing an independent supply chain from scrap and stockpiles of bismuth and antimony • Lithium project development • Expansion of existing event streams • Diversifying existing business opportunities towards upgradation and recycling of materials • Generating revenue from strategic investments related to the critical metals The Investor Presentation also comprised details of the company’s much publicised lithium project, which is expected to benefit from the expected surge in lithium demand over the coming years. The company believes that its new strategy will enable it to take full advantage of the global trends in the specialty and critical metals space. The trading halt is triggered to inform the market of the detailed updates in the new strategy and to make sure the market is well informed of all the details before the actual trading restarts. MTM Critical Metals Ltd is confident of its abilities and believes that the new strategy will provide unique value propositions and open a new and beneficial market for the company and its shareholders. It looks forward to restarting its trading activities post the halt period.