REG - Critical Metals PLC - Result of AGM

Critical MetalsAnnouncement

09/12/2022 12:15

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RNS Number : 2495J  Critical Metals PLC  09 December 2022

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

 

 9 December 2022

 

Critical Metals plc

("Critical Metals" or the "Company")

Results of AGM

Critical Metals plc, a mining investment company established to acquire
mining opportunities in the critical and strategic metals sector, announces
that at the Company's Annual General Meeting ('AGM") held earlier today, all
resolutions were passed.

 

**ENDS**

 

For further information on the Company please
visit  www.criticalmetals.co.uk (http://www.criticalmetals.co.uk/)
  or contact:

 

 Russell Fryer                                     Critical Metals plc                             Tel: +44 (0)20 7236 1177

                                                                                                    

 Heena Karani                                      Peterhouse Capital Limited, Corporate Broker    Tel: +44 (0)20 7469 0936

  

                                                                                                   Tel: +44 (0)20 7469 0933

 Catherine Leftley/Ana Ribeiro/Isabelle Morris     St Brides Partners Ltd,                         Tel: +44 (0)20 7236 1177

                                                   Financial PR

                                                    

Critical Metals PLC has acquired a
controlling 57% 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 potential to generate
short-term cash flow; the Company intends on bringing the Molulu Project
into near term production at the earliest opportunity.

The Company will continue to identify future assets that are 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.

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