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 […]
Tag: Critical Mineral Resources plc
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 starts exploration at Igli
Critical Mineral Resources plc has begun exploration at the copper-silver Igli option in the Anti-Atlas, Morocco. PRODUCTION Phase I includes detailed geological rock and structural mapping to 50m spacing, locating silver, copper and other “economic mineral” showings across the property, rock chip, channel and stream sediment sampling, and high resolution satellite imagery, CMR, which is […]
CMR issues 7.3m incentive shares
Critical Mineral Resources plc has issued 7,345,350 ordinary shares of 1 pence each under the board-approved equity incentive scheme. DIRECTORS The shares, released in three tranches, are subject to the company’s share price rising every 12 months to 2.5p, 3.5p and 5p or higher until after 36 months. Following admission, the company’s enlarged issued share […]
CMR raises £900,000 for Igli silver option
Critical Mineral Resources plc has raised £900,000 for the newly signed exclusive option to acquire the high-grade copper-silver Igli project in the Anti-Atlas, Morocco. TARGETS A total £750,000 was raised yesterday through the issue of a convertible loan note, of which a “significant” proportion will come from Swiss and UAE-based Prism Group AG. The company […]
CMR appoints Dominic Traynor as executive
Critical Mineral Resources plc has appointed non-executive chairman Dominic Traynor as executive chairman. Mr Traynor has been with the company for two years. CMR said that his appointment reflected his increased involvement in the company’s strategic management and corporate affairs in building a diversified portfolio of Moroccan exploration and development projects. Mr Traynor is also […]