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 […]
Tag: manganese
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 […]
CMR secures £2.5m for Morocco activities
Critical Mineral Resources plc has secured a £2.5 million investment from Gilini Holdings Ltd to advance its activities in Morocco. OPPORTUNITIES The funds will be used to acquire more projects, expand CMR’s commodities trading venture, progress its existing Morocco portfolio and for general working capital. Of the total investment, £2,075,000 has an average purchase price […]
CMR sets up JV trading arm in Morocco
Critical Mineral Resources plc has agreed a joint venture to trade mined metals and industrial minerals from Morocco. EXPERTISE The 70-30% deal is with “a Moroccan trading company” which has access to sources of mined materials and international customers. Both partners will also “source metal and mineral concentrates and raw ores” before arranging delivery to […]
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 drops Saudi Arabia option for Morocco
Caerus Mineral Resources plc has turned down a battery metals option in Saudi Arabia in favour of an 80% acquisition of a local exploration company in Morocco. JURSIDICTION At today’s general meeting, executive chairman Chris Lambert said that shareholder EV Metals Group’s subsidiary, holder of the project, would have drained Caerus’ resources due to the […]