Green Critical Minerals (ASX: GCM) is ready to proceed with its plans to list in the US after receiving positive feedback from an assessment of the strategy.
The company has identified North America as providing an important growth opportunity with increasing demand for advanced thermal management solutions and the technology’s growing use in data centres, semiconductor manufacturing and high-performance computing.
GCM now intends to progress a 2026 listing following the positive outcomes from a six-month due diligence program and the recent construction and commissioning of a commercial-scale VHD (Very High Density) graphite production plant in New South Wales.
New Market Opportunities
The recent evaluation assessed the benefits of adding to the company’s existing ASX listing, while confirming market opportunities across the United Kingdom, Europe and North America.
Managing director Clinton Booth said the listing would support the company’s recent decision to set-up an operation in the US to assist with product registration requirements, streamline logistics and support engagement with North American customers.
“With our strategy firmly on track, now is the right time to accelerate our entry into the North American investor market through a NASDAQ or NYSE listing,” Mr Booth said.
“A US listing positions GCM to unlock significant value, broaden investor reach, and scale our product suite globally—while also providing access to deep, tech-focused capital markets known for supporting innovation and growth.”
Solid June Quarter
During the June quarter, the company reported promising results from computational modelling undertaken by the Centre for Advanced Material Technology, headed up by VHD leader Professor Qing Li at the University of Sydney.
GCM also achieved positive results during the quarter from a pre-feasibility study covering its McIntosh graphite project in Western Australia that determined the project is economically viable with a 32.5 year mine life and the potential for substantial increases with further metallurgical test work.
The company achieved a significant increase in an updated McIntosh mineral resource estimate, which now sits at 32.6 million tonnes with 4.25% total graphitic carbon, making it the fourth-largest graphite resource in Australia.
Green Critical ended the period with $5.92 million cash on hand.
Get the wire before the market opens.
The ASX small-cap stories that matter, filed before 9am AEST. Curated by the Small Caps desk.