“Exceptionally” high copper and silver grades from channel sampling results along with the discovery of new mineralised layers have been reported at Anzar, central Morocco. SAMPLING Critical Mineral Resources plc (CMR) said that of a total 11 samples taken from random locations at three different historical mining sites, several returned “significantly higher grades than expected”. […]
Tag: Critical Mineral Resources plc
CMR signs binding heads of terms earn-in for Zagora
Critical Mineral Resources plc (CMR) has signed a binding heads of terms to earn-in to the Zagora cobalt project in Morocco. MILESTONES The project, 25km southwest of Zagora City and 90km south of the Bou Azzer mining district, has shown near-surface cobalt mineralisation with the “potential for a shallow discovery”. CMR said that assays from […]
CMR major investor increases shareholding
Critical Mineral Resources plc (CMR)’s major investor Jason Cropper has increased his shareholding by acquiring 4,240,987 shares from Indo-European Mining PR Ltd. Indo is one of the two purchasers of CMR’s copper assets in Cyprus. Mr Cropper’s shareholding is now 12,046,987 ordinary shares, equal to 23.8% of the company’s 50,525,945 total voting rights, and 19.7% of […]
CMR completes $525,000 sale of Cyprus copper assets
Critical Mineral Resources plc (CMR) has concluded the $525,001 sale of its Cyprus copper assets to PM Ploutonic Metals Ltd and Indo-European Mining PR Ltd. Staged payments, with dates amended due to market conditions, are expected to complete in December 2023. The completion of the transaction, which began under CMR’s previous name of Caerus Mineral […]
CMR sets up Morocco ‘incubator portfolio’
Critical Mineral Resources plc (CMR) has started its Moroccan acquisitions with an “incubator portfolio” and a binding deal for an advanced copper-silver project. DISTINCT PROJECTS The company said it had identified a number of open areas prospective for copper, silver, manganese and barite while it continues fieldwork on prospective areas. Local subsidiary Atlantic Research Minerals […]
Caerus changes name to Critical Mineral Resources
Caerus Mineral Resources plc has changed its name to Critical Mineral Resources plc, effective from today. Chief executive officer Charlie Long said that the new name reflected the company’s evolved strategy. The company, whose market ticker will remain CMRS, recently entered the Moroccan battery metals sector.