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 […]
Tag: Critical Mineral Resources plc
CMR conditionally raises £250,000 via placing
Critical Mineral Resources plc has conditionally raised approximately £250,000 before expenses via a placing. KM SECURITIES The placing comprised 12,242,252 new ordinary shares in the company and 8,018,646 treasury shares, at a price of 1.25 pence per new ordinary share. KM Securities Pty Ltd, in which Critical Minerals non-executive director Russell Thomson is 50% shareholder, acquired 2 […]
CMR cornerstone investor sells 16.3% stake
Critical Mineral Resources plc (CMR)’s cornerstone investor EV Metals Group plc (EVM) has sold its 16.3% holding, which has been bought by two of its directors. KM SECURITIES The shares sale occurred on the same date of 26 January as new investment vehicle KM Securities Pty Ltd purchased 10 million shares at a price of […]
CMR adds 26 polymetal permits to Morocco portfolio
Critical Mineral Resources plc (CMR) has added 26 exploration permits prospective for copper, antimony, tungsten, lead-zinc and gold to its Morocco portfolio. INFRASTRUCTURE The new permits were secured through an all-share acquisition of Hesperis Resources SARL, of which CMR’s new chief operating officer Noureddine Sabraoui is a 25% beneficial owner. Sixteen of the permits are […]
CMR chair Christopher Lambert leaves
Critical Mineral Resources plc chairman Christopher Lambert has left the board of directors with immediate effect. The company said that the board was considering his replacement. The Moroccan-focused company also announced the appointment of general manager Noureddine Sabraou as chief operating officer also with immediate effect. Mr Sabraou is a geologist in the Moroccan mining […]
CMR exits Zagora cobalt to focus on Meseta copper
Critical Mineral Resources plc has expanded its Moroccan portfolio with four new exploration permits, covering 80 km2, in the Rabat and Beni-Mellal regions. PRODUCTION The company and its partner have also mutually terminated the binding agreement on the Zagora cobalt earn-in option, although both will continue to seek future joint opportunities. Three of the new […]