Response to Earthquake in Morocco

Critical Mineral Resources PLC

11 September 2023

 

11 September 2023

Critical Mineral Resources PLC

('CMR' or the 'Company')

Response to Earthquake in Morocco

Critical 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. 

The 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.

For further information, please contact:

Critical Mineral Resources plc Chris Lambert, Executive Chairman Charles Long, Chief Executive Officer	[e-mail] via Hudson Sandler [phone]
Novum Securities Jon Belliss	[phone]
Hudson Sandler (Financial PR) Charlie Jack	[phone]

Notes to Editors:

Critical 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.

CMR 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.

Since 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 resource development opportunities for the benefit of all stakeholders. The Company is listed on the London Stock Exchange (CMRS.L). More information regarding the Company can be found at www.cmrplc.com

 

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