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: Morocco
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 […]
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 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 […]