DMC Mining Ltd. will be delisted from the ASX official list on January 27 following two years of continuous suspension.
DMC is actively pursuing a relisting, but the process has been delayed due to one outstanding precedent, the granting of exploration licences in Guinea, which remains pending despite ongoing engagement with relevant authorities.
The board is committed to securing the exploration licences and progressing towards a fresh listing as soon as possible.
The company continues to engage with Guinean authorities and is preparing for a new capital raising and relisting processes anchored by its flagship Firawa rare earths and uranium project, as soon as exploration licences are granted.
The company disclosed in August 2025 that its exploration licences for the Firawa and Labé projects were delayed due to a temporary national review and restructuring of Guinea’s mining cadastre system.
DMC confirmed that its reconnaissance licences have not been revoked and its exploration licence application remains valid.
The Firawa uranium project is a ccarbonatite-style deposit and has the potential to be a globally significant deposit, based on scale potential and historic grades.
