Critical Mineral Resources plc has signed its first exclusive off-take contract for high-grade antimony ore mined by a small scale operator in Morocco. UNRIVALLED The renewable six-month contract covers purchase of all crude ore greater than 10% antimony mined at the source. The company, whose main focus is exploration for silver, said that the antimony […]
Tag: Morocco
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 issues three million shares to convert CLN
Critical Mineral Resources plc has issued 3,068,243 new ordinary shares of £0.01 each after receiving notice to convert the principal amount of a convertible loan note with unpaid interest, totalling £33,750.68. Following admission, the company’s enlarged issued share capital will comprise 83,867,102 ordinary shares. Of the total, 2,666,666 ordinary shares are in treasury with no […]
Critical Mineral raises further £100,000
Critical Mineral Resources plc has raised an additional £100,000 through the convertible loan note issue in July, taking the total to £1 million. CMR also issued 1,090,909 warrants as payment for fees. The company, focused on metals exploration in Morocco, said the fundraise followed further strong demand.
CMR appoints Dominic Traynor as chairman
Critical Mineral Resources plc has appointed Dominic Traynor as non-executive chairman. Mr Traynor was appointed a non-executive director of the company two years ago under its previous name of Caerus Mineral Resources. Over the last year he has worked with the management on the evolution of the CMR’s strategy and its transition to an exploration and […]
CMR plans further exploration on positive Ifri results
Critical Mineral Resources plc plans further exploration following positive initial prospecting at Ifri in the Anti-Atlas, Morocco. DEPTH The project demonstrated copper and silver in multiple shear zone and quartz vein structures with some structures containing gold mineralisation. Channel sample assays include 3.1% copper and 17 g/t silver, 1.95% copper and 15 g/t silver, and […]