New investment10 Mar 2025 07:37
Critical Mineral Resources PLC
('CMR' or the 'Company')
£2.5m Financing from New Strategic Investor
Critical Mineral Resources PLC ('CMR' or the 'Company'), the exploration and development company focused on critical metals and minerals in Morocco is pleased to announce it has signed an investment agreement with Gilini Holdings Ltd (the "Investor").
The Investor has committed to the provision of £2,500,000 in funding, of which £2,075,000 has an average purchase price of 1.48p per new ordinary share.
The funding will be used for project acquisitions, expanding the Company's commodities trading venture, working on the existing portfolio and general working capital. The Company will continue to focus all its efforts on Morocco.