30
January 2024
Critical Mineral Resources
PLC
('CMR' or the
'Company')
PDMR Dealing & KM
Securities Pty Ltd
Critical Mineral Resources plc
('CMR' or the 'Company), the exploration and development company
focused on clean energy metals in Morocco, announces it was
notified today that on 26 January 2024, KM
Securities Pty Ltd ("KM Securities"), in
which Russell Thomson, a Non-Executive Director of the Company is a
50% shareholder, acquired 10,000,000 ordinary shares in the Company
at a price of 3.75p per share.
Following this purchase, KM
Securities' total ownership in the Company represents 16.3% of the
Company's issued ordinary share capital. As a result, Russell
Thomson's total beneficial interest in the Company is 5,000,000
Ordinary Shares, representing 8.2% of the Company's total ordinary
shares and 9.9% of the total voting rights* of the Company. KM
Securities is an investment vehicle founded and co-owned by Russell
Thomson and Michael Naylor.
Simultaneously, the Company was
informed that EV Metals Group Plc has sold its 16.3% holding in the
Company.
Charlie Long, Chief Executive Officer of CMR PLC,
commented:
"I
am delighted to welcome KM Securities to the register. It brings
significant experience supporting and developing mineral companies
focused on critical materials and clean energy commodities. We very
much look forward to working together."
*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.
Critical Mineral Resources
plc
Charles Long, Chief Executive
Officer
|
info@cmrplc.com
|
Novum Securities
Jon Belliss
|
+44 (0) 20 7399 9425
|
Hudson Sandler (Financial
PR)
Charlie Jack
|
+44 (0) 207 796 4133
|
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