Business
Increased Shareholding
Increased Shareholding.
About this update from Critical Mineral Resources Plc
[{"type":"text","content":"\n\n14 September 2023\nCritical Mineral Resources PLC\n('CMR' or the 'Company')\nIncreased Shareholding\nCritical Mineral Resources plc (LON:CMRS), the exploration and development company focused on clean energy commodities, notes that its major shareholder Jason Cropper has agreed to acquire 4,240,987 CMR shares from Indo-European Mining PR Ltd, a Cyprus based company and one of two buyers of CMR's Cyprus Assets.\n \nThis takes Mr Cropper's shareholding to 12,046,987 Ordinary Shares which equates to 23.8% of CMR's total voting rights (50,525,945*) and 19.7% of total shares in issue (61,211,258).\n \n*the Company holds 10,685,313 ordinary shares in treasury and is not permitted to exercise the voting rights attached to these shares. Total Voting Rights (TVR) calculations should be based on 50,525,945.\n \nFor further information, please contact:\n \n\n\n\n\nCritical 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 Editors\nCritical 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.\n \nCMR 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.\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 maxi...