Under the radar and undervalued company (700k Mcap)18 Mar 2024 11:32
The raised capital will support the advancement of the Ifri project in the Anti-Atlas mountains of Morocco, where exploration has revealed the presence of copper and silver.
Critical Mineral is also in talks with a prominent global commodity trading group to become its supply partner in Morocco.
Charlie Long, the CEO, emphasized the company’s commitment to developing projects that can produce critical commodities and generate cash in the near term. He expressed satisfaction with the company’s recent achievements and optimism that the fundraising will boost their activities in Morocco.
The Ifri project is located in a prolific mining region, home to four active and seven former copper, silver, and gold mines.
Critical Mineral plans to conduct comprehensive mapping and geochemical surveys of the Ifri project area, financed by the proceeds from the share placement.