REG - Critical Mineral - PDMR Dealing & KM Securities Pty Ltd

Critical Mineral ResourcesAnnouncement

30/01/2024 08:00

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RNS Number : 3519B  Critical Mineral Resources PLC  30 January 2024

30 January 2024

Critical Mineral Resources PLC

('CMR' or the 'Company')

PDMR Dealing & KM Securities Pty Ltd

 

Critical Mineral Resources plc ('CMR' or the 'Company), the exploration and
development company focused on clean energy metals in Morocco, announces it
was notified today that on 26 January 2024, KM Securities Pty Ltd ("KM
Securities"), in which Russell Thomson, a Non-Executive Director of the
Company is a 50% shareholder, acquired 10,000,000 ordinary shares in the
Company at a price of 3.75p per share.

 

Following this purchase, KM Securities' total ownership in the Company
represents 16.3% of the Company's issued ordinary share capital. As a result,
Russell Thomson's total beneficial interest in the Company is 5,000,000
Ordinary Shares, representing 8.2% of the Company's total ordinary shares and
9.9% of the total voting rights* of the Company. KM Securities is an
investment vehicle founded and co-owned by Russell Thomson and Michael Naylor.

 

Simultaneously, the Company was informed that EV Metals Group Plc has sold its
16.3% holding in the Company.

 

Charlie Long, Chief Executive Officer of CMR PLC, commented:

"I am delighted to welcome KM Securities to the register. It brings
significant experience supporting and developing mineral companies focused on
critical materials and clean energy commodities. We very much look forward to
working together."

 

*the Company holds 10,685,313 ordinary shares in treasury and is not permitted
to exercise the voting rights attached to these shares. Total Voting Rights
(TVR) calculations should be based on 50,525,945.

 

 

 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
 Hudson Sandler (Financial PR)            +44 (0) 207 796 4133

 Charlie Jack

 

Notes To Editors

Critical Mineral Resources (CMR) plc is an exploration and development company
focused on developing assets that produce key commodities essential for
renewable energy, battery storage and electrification to support the clean
energy revolution. 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, nickel, manganese,
cobalt, and potentially rare earths. 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, 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.

Since taking over the CMR in 2022, the current management has completed a
comprehensive strategic review and restructuring of the business and
implemented its clear strategy to maximise exploration and resource
development opportunities for the benefit of all stakeholders. 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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