REG-Critical Mineral Resources Plc: Issue of Equity

Critical Mineral ResourcesAnnouncement

22/01/2026 07:02

22 January 2026

 

 

 

Critical Mineral Resources Plc

2026 Resource Drilling Plan and Placing

 

Critical Mineral Resources plc (“CMR”, “Company”), which has a
diversified portfolio of high-quality development and exploration projects in
Morocco, announces the successful completion of a heavily oversubscribed
fundraise completed by Shard Capital Partners to raise £2.925 million before
expenses and provides an update on its near-term resource drilling plans for
enhancing the value of its portfolio.

The fundraise is subject to the approval of a prospectus by the Financial
Conduct Authority. The Company is pleased to report that it is in the final
stages of obtaining approval of a prospectus. Once approval has been obtained,
the Company will make an application                     for the new ordinary
shares issued in relation to the fundraise to be admitted to trading on the
Main Market of the London Stock Exchange which is expected to be on or around
29 January 2026.

 

PLACING OF NEW SHARES
*            Placing of 108,888,885 million new ordinary shares in the capital
of the Company at 2.25p for gross proceeds of £2.45m.          
*            Subscription of 21,111,110 million new ordinary shares in the
capital of the Company at 2.25p for gross proceeds of £0.475m.          
*            Continued support from CMR’s strategic major shareholder.      
   
*            Grant of Placing Warrants for all subscribers in the fundraising
at 4.5p per share on a 1 for 1 basis.          
*            Shard Capital Partners appointed as joint broker to the Company.
 

USE OF FUNDS AND FAST TRACK DEVELOPMENT
*            As part of CMR’s strategy to become                       a   
                   mid-sized North African Copper producer, the company      
                plans to continue                       resource drilling of
                      near surface mineralisation discovered at Zone 1 and
Zone 2 at Agadir Melloul.          
*            The                       Company’s                      
diamond drilling rig and a contractor drill rig will both be turning with     
                 the aim of drilling                       1,000 metres per
month                       to fast track                       the
project’s first JORC compliant mineral resource estimate                   
   by early Q3 2026.          
*            CMR is currently evaluating several value-accretive potential
acquisitions in Morocco.
 

ABOUT AGADIR MELLOUL
*            A shallow, near-surface tabular copper deposit that offers low
capex and a rapid development path. Its geometry is suitable for open-pit
operations, enabling our investors to benefit from the favourable economics of
surface assets while capitalising on scale potential.          
*            Less than 1% of the project area drilled. Ongoing mapping
confirms a district wide mineralised envelope, consistent with our 25 million
tonne Initial Exploration Target with an equivalent grade of 1.2% copper.     
     
*            The existence of potential economic grades of gold and silver
within the permits, providing our investors with additional upside.           
*            The rhyolite copper-silver discovery, a second style of
mineralisation which has potential to become a new project alongside the
existing sedimentary copper target.          
*            Agadir Melloul is proximal to the Tizert Project (resource of
130Mt grading 0.9% copper) and shares the same geology and style of copper
mineralisation.          
*            Drilling, mapping, trenching, channel sampling and initial
metallurgical test work has been completed.          
*            Metallurgical testwork returned recoveries of 80.1% and 61.3% for
copper and silver respectively.          
*            Initial drill results include: 5.8m at 1.12% copper and 19g/t
silver, 6.5m at 1.03% copper 4.7m at 1.48% copper, 4.7m at 1.03% copper, 6.0m
at 1.4% copper and 31g/t silver, 10.0m at 1.1% copper and 20g/t silver and
0.12g/t, 1.0m at 2.5g/t gold from 5.0m, 1.0m at 1.05g/t gold, 0.8m at 1.67g/t
gold.
 

Fig.1                                                                Zone 1
North, long section showing shallow undulating mineralisation

   

Source: Company

 

Charlie Long CEO commented:

“This exceptional achievement underscores strong market confidence in
CMR’s strategic vision and its growth potential. It is also very pleasing
that our strategic investor has anchored the capital raise, demonstrating its
conviction.

We are very grateful for this support and from new shareholders of CMR. We are
now able to drill more than 1,000m per month to test the near surface
mineralisation discovered at Agadir Melloul. We expect around 20 shallow drill
holes to be completed per month and for the results to delineate a maiden JORC
compliant resource in approximately 6 months’ time”.

 

ENDS

 

 Critical Mineral Resources plc  Charles Long,  Chief Executive Officer         info@cmrplc.com                                   
 Shard Capital LLP   Erik Woolgar  Damon Heath      AlbR Capital   Jon Belliss  +44 (0) 207 186 9952        +44 (0) 20 7399 9425  

 

 

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 super cycle.

CMR is building a diversified portfolio of high-quality metals exploration and
development projects in Morocco, focusing on copper, silver 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     
                         

 Asset 13 2x-100  (https://news.cision.com/critical-mineral-resources-plc/i/asset-13-2x-100,c3503430)  



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