REG - Critical Mineral - Conversion of Loan Notes

Critical Mineral ResourcesAnnouncement

25/11/2024 09:45

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RNS Number : 5104N  Critical Mineral Resources PLC  25 November 2024

Critical Mineral Resources PLC

('CMR' or the 'Company')

Conversion of Loan Notes

Critical Mineral Resources PLC, the exploration and development company
focused on critical metals and minerals in Morocco announces that it has
received notice to convert the principal amount of a Convertible Loan Note,
together with accrued and unpaid interest thereon ("CLNs") amounting to a
total of £33,000.  As a result, the Company has issued 1,462,926 new
ordinary shares of £0.01 each and allotted 1,537,074 treasury shares of
£0.01 each, together 3,000,000 ordinary shares (the "CLN Shares").

Admission

Application has been made for the CLN Shares to be admitted to trading on the
main market for listed securities of the London Stock Exchange, and admission
of the CLN Shares is expected to occur on 27 November 2024 ("Admission"). The
CLN Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, the enlarged issued share capital of the Company will
comprise 85,330,028 ordinary shares of which the Company holds 1,129,592 in
treasury and is not permitted to exercise the attached voting rights.
Therefore, Total Voting Rights calculations should be based on 84,200,436 to
determine if shareholders are required to notify their interest, or a change
to their interest, under the Disclosure and Transparency Rules.

CONTACT:

 Critical Mineral Resources PLC           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 key commodities 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. More information regarding the
Company can be found at www.cmrplc.com

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