DMC Mining to Delist on January 27 After Two-Year Suspension

Delisting After Prolonged Suspension

DMC Mining Limited, a company focused on rare earths and uranium exploration, is set to be officially delisted from the Australian Securities Exchange (ASX) on 27 January 2026. This procedural delisting follows a continuous suspension that has lasted two years, reflecting ongoing challenges the company has faced in meeting ASX listing requirements.

Relisting Ambitions Hinged on Guinea Licences

Despite the setback, DMC Mining remains actively engaged in efforts to relist on the ASX. The company’s plans hinge on securing exploration licences in Guinea, a critical step that has yet to be completed. The delay in licence grants has stalled progress, despite persistent engagement with Guinean authorities. These licences are essential for advancing the company’s flagship Firawa Rare Earths and Uranium project, which underpins its future growth strategy.

Board’s Commitment and Next Steps

The Board of DMC Mining has reiterated its commitment to obtaining the necessary exploration licences and moving forward with a fresh capital raising and relisting process. The company is preparing for this next phase, which will be anchored by the Firawa project’s potential to tap into the growing demand for rare earth elements and uranium. Shareholders can expect ongoing updates as material developments unfold.

Market and Investor Implications

The delisting marks a significant moment for investors, as it temporarily restricts liquidity and trading opportunities. However, the company’s transparent communication and clear roadmap towards relisting provide a degree of reassurance. The success of the relisting effort will largely depend on regulatory progress in Guinea and the company’s ability to secure funding to advance its projects.