Critical Mineral Resources PLC - exploration and development of clean energy metals in Morocco - Says it has undertaken several trades since early December which has led to new trading opportunities. The company now intends to expand this profitable business during 2025. ‘The joint venture’s focus has been on low-risk and short-term trading opportunities in order to provide a proof of concept,’ Critical Mineral says. ‘Whilst a conservative approach to risk will continue, the near-term objective is now to scale up the trading business with multiple small mines that have potential for good tonnage and high-grade products in a range of metals and potentially industrial minerals.’

Chief Executive Officer Charlie Long says: ‘We are very encouraged by the achievement of our commodities trading business in such a short timescale. Given our Moroccan team’s metals trading background, we have known of the potential for some time and always planned to enter the space. The benefits of having a local JV partner with a long history of trading in metals and industrial minerals is now very clear. As we continue to gain traction, we are investigating sources of non-dilutive capital that would enable a step-change in scale. That said, our organic growth trajectory is working extremely well and we will not take undue risk. Further details of our expansion plans will be provided to shareholders in due course.’

Current stock price: 1.57 pence each, up 8.3% on Tuesday morning in London

12-month change: down 43%

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