Critical Mineral Resources plc has offered its condolences to those affected by the earthquake in Morocco. “The company was deeply saddened to hear the news of the earthquake that occurred in Morocco on Friday, 8 September and expresses its condolences to all those affected,” said the company in a statement. “CMR will be supporting and […]
Tag: Caerus Mineral Resources plc
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.
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 in Saudi Arabia would have drained Caerus’ resources due to the early […]
Caerus signs sale of Cyprus copper-gold assets
Caerus Mineral Resources plc has signed the share purchase agreement (SPA) for the sale of its copper-gold subsidiaries in Cyprus. TERMS The transaction includes payment in cash from purchasers PM Ploutonic Metals Ltd and Indo-European Mining PR Ltd to Caerus of US$528,001 in stages. Closing of the deal will occur once Caerus has received the first […]
Caerus signs Saudi Arabia option
Caerus Mineral Resources plc has signed an exclusive option agreement to acquire EV Metals Group plc (EVM)’s 90%-owned metals and minerals subsidiary in Saudi Arabia. RIWAQ RIWAQ Al Mawarid for Mining is EVM’s special purpose vehicle focused on exploration, mining and processing of minerals and metals in Saudi Arabia. The subsidiary is developing a portfolio […]
Caerus to sell copper assets for larger projects
Caerus Mineral Resources plc plans to sell its Cyprus copper assets to two of its shareholders, PM Ploutonic Metals Ltd and Indo-European Mining PR Ltd, and evolve into a battery metals company. STRATEGY Caerus has signed a binding heads of agreement with the two companies, signalling the end of its direct involvement in Cyprus. The […]