REG - Critical Mineral - Additional £462,474 Financing

Critical Mineral ResourcesAnnouncement

20/03/2025 12:00

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RNS Number : 5201B  Critical Mineral Resources PLC  20 March 2025

Critical Mineral Resources PLC

('CMR' or the 'Company')

Issue of Additional £462,474 Convertibe Loan Notes

 

Critical Mineral Resources PLC (LSE:CMRS), the exploration and development
company focused on Morocco is delighted to announce that further to the
investment agreement announced on 10 March 2025, the Company has secured an
additional £462,474 (US$600,000) through the issue of  convertible loan
notes, convertible into ordinary shares in the Company at £0.0145 per share
and accruing interest of 5% per annum. The loan notes have a redemption date
twelve months from the date of issue.

-ENDS-

 

 Critical Mineral Resources PLC           info@cmrplc.com (mailto:info@cmrplc.com)

 Charles Long, Chief Executive Officer
 Novum Securities                         +44 (0) 20 7399 9425

 Jon Belliss

 

Notes To Editors

Critical Mineral Resources (CMR) PLC is an exploration and development company
focused on developing assets that produce critical minerals for the global
economy, including those essential for electrification and the clean energy
revolution. Many of these commodities are widely recognised as being at the
start of a supply and demand supercycle.

CMR is building a diversified portfolio of high-quality metals exploration and
development projects in Morocco, focusing on copper, manganese and potentially
other critical minerals and metals. CMR identified Morocco as an ideal
mining-friendly jurisdiction that meets its acquisition and operational
criteria. The country is perfectly located to supply raw materials to Europe
and possesses excellent prospective geology, good infrastructure and
attractive permitting, tax and royalty conditions. In 2023, the Company
acquired an 80% stake in leading Moroccan exploration and geological services
company Atlantic Research Minerals SARL.

The Company is listed on the London Stock Exchange (CMRS.L). More information
regarding the Company can be found at www.cmrplc.com (http://www.cmrplc.com)

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