Last checked at 20 Dec 2023 07:00
20 December 2023
Critical Mineral Resources PLC
('CMR' or the 'Company')
Directorate Change
Critical Mineral Resources plc ('CMR' or the 'Company), the exploration and development company focused on clean energy metals in Morocco, announces that Christopher Lambert, Chairman, has left the Board of Directors with immediate effect.
As the board considers his replacement it is pleased to announce the appointment of Noureddine Sabraoui, the Company's General Manager, as Chief Operating Officer with immediate effect. Noureddine has had an extensive career in the Moroccan mining industry. As a geologist in the region, he has held a number of senior roles for Moroccan and foreign owned companies including as general manager for operating mines in the industrial minerals sector. Noureddine has also run his own geological and mining services business and he co-founded the Moroccan Association of Mining Companies.
Charles Long, Chief Executive Officer of CMR, commented:
"I am delighted to welcome Noureddine to the Board and look forward to continuing to work closely with him to execute our strategy. Noureddine is a highly experienced geologist, mine operator and manager. He possesses unrivalled knowledge of Morocco's mining industry and its metals trading opportunities, as well as the high quality project deal-flow that exists in the country."
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Critical Mineral Resources plc Charles Long, Chief Executive Officer | info@cmrplc.com
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Novum Securities Jon Belliss | +44 (0) 20 7399 9425 |
Hudson Sandler (Financial PR) Charlie Jack | +44 (0) 207 796 4133 |
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, 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