CMC Metals Ltd. Announces Major Changes

In a significant move that could reshape its market perception and investor confidence, CMC Metals Ltd. has announced a share consolidation and a name change. The company, which has been trading under the ticker CMB on the TSX Venture Exchange, will consolidate its common shares on a ten-to-one basis and change its name to Walker Lane Resources Ltd. effective March 25, 2025. This strategic decision is aimed at strengthening the company's overall position and availing new corporate development opportunities.

The consolidation will reduce the number of outstanding shares from 164,420,419 to approximately 16,442,042. This move is expected to make the stock more attractive to institutional investors and potentially increase the stock price. Fewer shares in circulation can lead to higher demand and a higher price per share, which is a positive signal for investors.



The name change to Walker Lane Resources Ltd. is also a significant step. The company's board of directors believes that this change is necessary to strengthen the overall position of the company and to avail new corporate development opportunities, a new corporate vision, and financing transactions. This suggests that the company is positioning itself for future growth and development, which can instill confidence in investors who are looking for companies with a clear vision and growth potential.

The new trading symbol WLR and the updated CUSIP and ISIN numbers (931674105 and CA9316741052, respectively) will make the company more recognizable and accessible to a broader range of investors. The letter of transmittal sent to registered shareholders providing instructions to surrender their pre-consolidated share certificates for replacement Share Certificates or DRS representing the number of post-consolidated shares to which they are entitled will ensure a smooth transition for shareholders, further enhancing investor confidence.

The company expects to gain several strategic advantages from the consolidation. One of the key advantages is the potential to attract new investors and financing opportunities. By reducing the number of outstanding shares, the company aims to make its shares more attractive to potential investors. This can lead to increased liquidity and a higher share price, which in turn can improve the company's market capitalization and financial health.

Additionally, the consolidation can help the company to better manage its stock options and convertible instruments. The exercise or conversion price and the number of shares issuable under any of the company's outstanding stock options and convertible instruments will be proportionately adjusted. This adjustment can make these instruments more valuable and attractive to employees and investors, potentially leading to better retention of key personnel and increased investment.

The consolidation also signals a new corporate vision and strategic direction for the company. As part of the consolidation, the company will change its name to Walker Lane Resources Ltd., which may help to rebrand the company and attract new investors who are interested in its new strategic focus. This rebranding can also help to differentiate the company from its competitors and position it as a leader in its industry.



In summary, the share consolidation and name change announced by CMC Metals Ltd. are strategic moves that can positively impact the company's market perception and investor confidence. By making the stock more attractive, positioning the company for future growth, and ensuring a smooth transition for shareholders, the company is setting itself up for improved financial performance and long-term success. Investors should keep an eye on these developments as they could signal a new chapter for the company.