Source - LSE Regulatory
RNS Number : 5201B
Critical Mineral Resources PLC
20 March 2025
 

Critical Mineral Resources PLC

('CMR' or the 'Company')

Issue of Additional £462,474 Convertibe Loan Notes

 

Critical Mineral Resources PLC (LSE:CMRS), the exploration and development company focused on Morocco is delighted to announce that further to the investment agreement announced on 10 March 2025, the Company has secured an additional £462,474 (US$600,000) through the issue of  convertible loan notes, convertible into ordinary shares in the Company at £0.0145 per share and accruing interest of 5% per annum. The loan notes have a redemption date twelve months from the date of issue.

-ENDS-

 

Critical Mineral Resources PLC

Charles Long, Chief Executive Officer

info@cmrplc.com

 

Novum Securities

Jon Belliss

+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 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.

The Company is listed on the London Stock Exchange (CMRS.L). More information regarding the Company can be found at www.cmrplc.com

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