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LONDON - Critical Mineral Resources PLC (LSE:LON:CMRS), a company specializing in mineral exploration and development in Morocco, has announced the issuance of convertible loan notes amounting to £462,474. The funding was secured following the investment agreement made public on March 10, 2025.
The convertible loan notes are set to be converted into ordinary shares of the company at a price of £0.0145 per share. These notes will also accumulate an annual interest of 5%. The redemption date for the loan notes is scheduled for twelve months from the date of issue.
Critical Mineral Resources PLC focuses on the production of critical minerals, which are vital for the global economy, especially in areas such as electrification and clean energy. The company is working on developing a diversified portfolio of metals exploration and development projects in Morocco, with an emphasis on copper and manganese, among other critical minerals and metals.
Morocco was chosen by CMR for its mining-friendly environment, strategic location for supplying raw materials to Europe, and its prospective geology. The country also offers favorable infrastructure, permitting, tax, and royalty conditions. In 2023, CMR expanded its operations by acquiring an 80% stake in Atlantic Research Minerals SARL, a leading Moroccan exploration and geological services company.
The additional financing through convertible loan notes is part of CMR’s ongoing efforts to strengthen its investment in the region and enhance its project development capabilities. The company’s listing on the London Stock Exchange (LON:LSEG) is expected to facilitate further growth and development of its mineral projects.
This announcement is based on a press release statement provided by Critical Mineral Resources PLC and disseminated through RNS, the news service of the London Stock Exchange.
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