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Metalicity's Toronto float plan flounders

Plans to spin off Metalicity’s majority-owned subsidiary, Kimberley Mining, into the Canadian capital markets off the strength of the world-class Admiral Bay deposit in Western Australia have hit the rocks, and the long-gestating float will not be launched in the foreseeable future.

Haydn Black
Admiral Bay in Western Australia's north

Admiral Bay in Western Australia's north

Kimberley, which is 81.1% owned by Metalicity, said there were just 13 mining-related initial public offers in the first half of 2019, raising significantly less cash than 2017 or 2018 at C$8 million in...

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