RCS - Critical Metals PLC - The Opening of Molulu's First Primary School

Critical MetalsAnnouncement

08/11/2023 07:00

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RNS Number : 6881S  Critical Metals PLC  08 November 2023

Critical Metals plc / EPIC: CRTM / Market: Main Market

8 November 2023

Critical Metals plc

("Critical Metals" or the "Company")

Collaboration with the Community Leads to the successful Opening of

Molulu's First Primary School

Critical Metals plc, a mining company established to acquire mining
opportunities in the critical and strategic metals sector, currently
developing an ex-producing copper cobalt mine in the Democratic Republic of
Congo ("DRC"), is pleased to announce that it has worked with the local
community to successfully open Molulu's first Primary School - the E.P Molulu
School ('the school'), providing  children aged between 5 and 13 years' old
with access to education.

The Molulu Primary School, was built by the local community and Critical Metal
employees, with Critical Metals providing the funding for the teaching staff,
currently accommodates 45 students. The school operates within two age groups,
utilising a total of two classrooms. In addition to establishing the school,
Critical Metals also has a near-term commitment to providing educational
materials such as pens, pencils, and work notebooks, and school uniforms.

In addition to contributing essential items, Critical Metals is strategically
planning for the long term to support the expansion of school facilities,
fostering the growth of both the school's infrastructure and student
enrolment, as part of its Environmental and Social Governance programme.

Commenting on the results, CEO Russell Fryer said: "We believe that investing
in education is not only a social responsibility but a foundation for
sustainable progress. Our commitment to opening Molulu's first Primary School
underscores our dedication to working collaboratively with the communities
around us, as we strive to empower communities through quality education.

We remain committed to invest in the community we operate, via employment -
currently all of our fifty-one employees are Congolese except two. Access to
education is the first step and pivotal to ensuring, where possible, local
jobs go to local people in the future. We are privileged to have played a
small part in this initial step and look forward to our continued
collaboration with the local community."

 

 

Figure 1: The teacher and the first group of students at the new Molulu
Primary School.

 

Figure 2: The First lessons start at the new E.P. Molulu Primary School.

 

 

Figure 3 : Teacher's guideline books, literature, learning aids and stationary
being handed over.

 

For further information contact:

 Critical Metals plc

 Russell Fryer, CEO                               Tel: +44 (0)20 7236 1177
 Peterhouse Capital Limited - Corporate Broker     Tel: +44 (0)20 7469 0936 / +44 (0)20 7220 9797

 Lucy William / Charles Goodfellow
 St Brides Partners Ltd

 Financial PR

 Catherine Leftley /Ana Ribeiro/Isabelle Morris   Tel: +44 (0)20 7236 1177

 

About Critical Metals

Critical Metals PLC has acquired a controlling 100% stake in Madini Occidental
Limited, which holds an indirect 70% interest in the Molulu copper/cobalt
project, an ex-producing medium-scale asset in the Katangan Copperbelt in the
Democratic Republic of Congo. In line with its investment strategy of focusing
primarily on known deposits, targeting projects with low entry costs and the
potential to generate short-term cash flow; the Company intends to produce
120,000t/per annum of Copper Oxide Ore.

The Company will continue to identify future assets that are in line with its
stated acquisition objective of low CAPEX and OPEX projects with near-term
production, concentrating on minerals that are perceived to have strategic
importance to future economic growth and generate significant value for
shareholders.

 

 epois

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