Critical
Mineral Resources PLC
('CMR' or
the 'Company')
Conversion of Loan Notes
Critical Mineral Resources PLC, the
exploration and development company focused on critical metals and
minerals in Morocco announces that it has
received notice to convert the principal amount of a Convertible
Loan Note, together with accrued and unpaid interest thereon
("CLNs") amounting to a total of £33,000. As a result, the
Company has issued 1,462,926 new ordinary shares of £0.01 each and
allotted 1,537,074 treasury shares of £0.01 each, together
3,000,000 ordinary shares (the "CLN Shares").
Admission
Application has been made for the
CLN Shares to be admitted to trading on the main market for listed
securities of the London Stock Exchange, and admission of the CLN
Shares is expected to occur on 27 November 2024 ("Admission"). The
CLN Shares will rank pari passu with the existing
Ordinary Shares.
Following Admission, the enlarged
issued share capital of the Company will comprise 85,330,028
ordinary shares of which the Company holds 1,129,592 in treasury
and is not permitted to exercise the attached voting rights.
Therefore, Total Voting Rights calculations should be based on
84,200,436 to determine if shareholders are required to notify
their interest, or a change to their interest, under the Disclosure
and Transparency Rules.
CONTACT:
|
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 key commodities 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. More information regarding the
Company can be found at www.cmrplc.com
