REG - Critical Mineral - Response to Earthquake in Morocco

Critical Mineral ResourcesAnnouncement

11/09/2023 16:15

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RNS Number : 0620M  Critical Mineral Resources PLC  11 September 2023

11 September 2023

 

Critical Mineral Resources PLC

('CMR' or the 'Company')

Response to Earthquake in Morocco

Critical Mineral Resources plc (LON: CMRS), the exploration and development
company focused on clean energy commodities, was deeply saddened to hear the
news of the earthquake that occurred in Morocco on Friday, 8 September and
expresses its condolences to all those affected. CMR will be supporting and
contributing to the relief efforts.

 

The offices of Atlantic Research Minerals ('ARM'), the Company's Moroccan
subsidiary, are located some distance from the earthquake zone and are not
directly impacted. All ARM employees are safe, and the Moroccan regions where
ARM operates are unaffected by the tragic earthquake.

 

 

For further information, please contact:

 Critical Mineral Resources plc           info@cmrplc.com

 Chris Lambert, Executive Chairman        via Hudson Sandler +44 (0) 207 796 4133

 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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