Business
Response to Earthquake in Morocco
Response to Earthquake in Morocco.
About this update from Critical Mineral Resources Plc
[{"type":"text","content":"\n\n11 September 2023\n \nCritical Mineral Resources PLC\n('CMR' or the 'Company')\nResponse to Earthquake in Morocco\nCritical Mineral Resources plc (LON: CMRS), the exploration and development company focused on clean energy commodities, was deeply saddened to hear the news of the earthquake that occurred in Morocco on Friday, 8 September and expresses its condolences to all those affected. CMR will be supporting and contributing to the relief efforts. \n \nThe offices of Atlantic Research Minerals ('ARM'), the Company's Moroccan subsidiary, are located some distance from the earthquake zone and are not directly impacted. All ARM employees are safe, and the Moroccan regions where ARM operates are unaffected by the tragic earthquake.\n \n \nFor further information, please contact:\n\n\n\nCritical Mineral Resources plc\nChris Lambert, Executive Chairman\nCharles Long, Chief Executive Officer\n\n\[email protected]\nvia Hudson Sandler +44 (0) 207 796 4133\n\n\n\n\nNovum Securities\nJon Belliss\n\n\n+44 (0) 20 7399 9425\n\n\n\n\nHudson Sandler (Financial PR)\nCharlie Jack\n\n\n+44 (0) 207 796 4133\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 maximise exploration and resourc...