Critical Mineral Resources plc aims to expand its Morocco joint venture trading arm from low-risk, short-term deals to multiple small mines with “good tonnage and high-grade products”. RURAL The company will also widen its target range of metals and include potentially industrial minerals. CMR has started discussions with “a number of potential providers” for additional […]
Tag: Critical Mineral Resources plc
CMR expands trading JV with lead concentrate
Critical Mineral Resources plc has completed its first purchase and sale of high grade lead concentrate under its expanding trading joint venture in Morocco. ORIGIN The company’s strategy is to buy and raw ore and concentrates from small scale miners and aggregators. CMR noted that Morocco is a “significant” lead producer with approximately “120,000 tonnes […]
CMR adds mined copper to trading arm
Critical Mineral Resources plc has added mined copper to its Morocco joint venture trading business. INTEGRATION The acquisition and sale of high-quality copper ore, grading between 5% and 10% copper, from a small scale mine in the Anti-Atlas follows the company’s trade earlier this month of mined silver. The transaction is in line with the […]
CMR signs offtake for high-grade antimony
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 […]
CMR converts £33,000 CLN into shares
Critical Mineral Resources plc has received notice to convert the principal amount of a convertible loan note plus accrued and unpaid interest for a total £33,000. The Morocco-focused company issued 1,462,926 new ordinary shares of £0.01 each and allotted 1,537,074 treasury shares of £0.01 each, for a total three million ordinary shares. Following admission, CMR’s […]
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 […]