Business
Change of name to Critical Mineral Resources PLC
Change of name to Critical Mineral Resources PLC.
About this update from Critical Mineral Resources Plc
[{"type":"text","content":"\n\n17 August 2023\nCritical Mineral Resources PLC\n('CMR' or the 'Company') (Formerly Caerus Mineral Resources PLC)\nChange of name to Critical Mineral Resources PLC\nThe Company is pleased to announce that it has changed its name from Caerus Mineral Resources PLC to Critical Mineral Resources PLC. The Company confirms that the name change has taken effect today.\nThe new name will be reflected by the London Stock Exchange and the Company's London Stock Exchange market ticker will remain CMRS. Shareholders should note that their shareholdings will be unaffected by the change of name.\nCharlie Long, Chief Executive Officer of CMR PLC, commented:\n\"We are pleased to announce the change of the Company's name to Critical Mineral Resources PLC, which reflects the Company's evolved strategy and we look forward to providing an update in due course.\"\n \nFor further information, please contact:\n \n\n\n\nCaerus Mineral Resources plc\n \nCharles Long, Chief Executive Officer\n\n\[email protected]\n \n\n\n\n\nNovum Securities\n \nJon Belliss\n\n\n+44 (0) 20 7399 9425\n\n\n\n\nHudson Sandler (Financial PR)\n \nCharlie Jack\n\n\n+44 (0) 207 796 4133\n\n\n\n \n \nNotes to Editor\n \nCritical Mineral Resources (CMR) PLC is an exploration and development company focused on developing assets that produce key commodities essential for renewable energy and storage solutions to support the clean energy revolution. These commodities are widely recognised as being at the start of a pricing and demand supercycle.\n \nCMR is building a diversified portfolio of high-quality metals exploration and development projects in Morocco, focusing on copper, nickel, manganese, cobalt, and 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 permitting, tax and royalty conditions. In 2023 the Company acquired an 80% stake in leading Moroccan geology company Atlantic Research Minerals SARL.\n \nSince taking over the CMR in 2022, the current management has completed a comprehensive strategic review and restructuring of the business and implemented its clear strategy to maximise explo...