Critical Mineral Resources plc reported visible copper mineralisation in more than 60% of completed drill holes, and defined a new exploration target, at Agadir Melloul in central Morocco. MINE The company is earning 60% of the sedimentary hosted copper-silver deposit, which covers 80 km2. Operations began in September, with 20 drill holes completed so far, […]
Tag: Critical Mineral Resources plc
Critical Mineral issues 56.9m shares for funding
Critical Mineral Resources plc has issued 56,896,552 new ordinary shares at a price of 1.45 pence per share, as part of the second tranche investment by Gilini Holdings Ltd. MOROCCO Critical Mineral secured the overall £2.5 million investment in March 2025 and was due to receive the second tranche of £1,325,000 during Q2 2025. Following […]
Critical Mineral appoints Russell Tucker as NED
Critical Mineral Resources plc has appointed Russell Tucker as a non-executive director, with effect from 27 May 2025. Mr Tucker has more than 10 years’ experience in mining investment and corporate finance. He began his career at South African boutique mining advisory firm, Qinisele Resources, advising on mergers and acquisitions, capital raising, and restructuring. Mr […]
CMR signs ‘key’ Morocco copper-silver earn-in
Critical Mineral Resources plc has broadened its Moroccan portfolio with a 60% earn-in to a sedimentary hosted copper-silver deposit, expected to become a “significant new discovery”. SCALE A diamond drill rig is due to leave Canada next week ahead of drilling starting during the third quarter at the site in Central Morocco. “In some areas […]
CMR agrees £237,500 loan notes conversion
Critical Mineral Resources plc has reached an arrangement with holders of the July 2024 loan notes that one of its directors buys the balance due of £237,482.52. INVESTORS Dominic Traynor will purchase the loan notes before and convert them into 20,459,728 new ordinary shares of £0.01 each and the remaining 1,129,592 treasury shares at a […]
CMR receives £462,474 via CLNs
Critical Mineral Resources plc has secured an additional £462,474 through the issue of convertible loan notes, following the £2.5 million investment earlier this month. The CLNs are convertible into ordinary shares in the company at £0.0145 per share, accruing interest of 5% per annum. CMR, focused on silver, copper and manganese in Morocco, will receive […]