Critical Mineral Resources Share Discussion Threads

[herb clark] 20/11/2024 09:06

Not sure why peeps are selling?

[corrientes1] 20/11/2024 08:43

It pays to study the background of the previous ownership and you can then appreciate how connections are SO terribly important.

[levinson1] 20/11/2024 08:28

There showing buys as sells eg 250,000 just bought at 1-45 !!!

[purple11] 20/11/2024 08:08

hold on very tightly to your line gl

[bri15] 20/11/2024 07:42

Sorry the above post was very immature of me,but I had to,this company is so low on market cap it's unbelievable.

[bri15] 20/11/2024 07:41

Booooooooooooommmmmmm!
Maybe.

[purple11] 20/11/2024 07:38

Shares in Issue 81.20m
Market Cap. £933.81k

[jimzi] 20/11/2024 07:20

More important, it’s the only junior to generate cash. This is unique

[purple11] 20/11/2024 07:08

The Company has made excellent headway in its strategy to secure one or more high quality development opportunities. Although it is not yet ready to provide a detailed update, the Board would like to assure investors that progress has been achieved and the Company expects to provide significant, positive news during Q1 2025.

[purple11] 20/11/2024 07:02

Critical Mineral Resources PLC Metals Trading Update
20/11/2024 7:00am
RNS Regulatory News

RNS Number : 8708M
Critical Mineral Resources PLC
20 November 2024


Critical Mineral Resources PLC

('CMR' or the 'Company')

Metals Trading Update

Critical Mineral Resources PLC, the exploration and development company focused on critical metals and minerals in Morocco is pleased to announce it has commenced metals and industrial minerals trading. This will provide the Company with a source of near-term cash flow and profits that will support the core mission of acquiring and developing advanced mine development opportunities in Morocco.

Trading venture background

Since the initial metals trading announcement in March, the Company has been gathering momentum to establish a position in the Moroccan market. Capitalising on the Board's experience and knowledge of Morocco's mining industry, the Company has formed a partnership with a Moroccan trading company.

Together we will source metal and mineral concentrates and raw ores from Morocco's distinct mining regions and arrange delivery to the customer. These will consist of buyers who take delivery in Morocco as well as shipments overseas.

Joint venture agreement

The Company has entered into a joint venture agreement with the aforementioned Moroccan company, which has access to sources of mined materials and international customers. Our profit share agreement will be 70% to the Company and 30% to our partner.

The joint venture's trading strategy will initially focus on low-risk and short term trading opportunities, aggregating product from smaller producers and upgrading lower grade products using our partner's operational concentrating facility. Amongst other aspects, profit margins will depend on the type of trading activity but will range from 3% up to 20% in some cases. The trading arm of the Company is now operational and is expected to deliver several trades over the coming weeks which will lead to trading updates later this year and next.

Mine development opportunities

The Company has made excellent headway in its strategy to secure one or more high quality development opportunities. Although it is not yet ready to provide a detailed update, the Board would like to assure investors that progress has been achieved and the Company expects to provide significant, positive news during Q1 2025.

​

Charlie Long (CEO) commented: Although reaching this milestone has taken longer than expected, we are extremely pleased to be adding a cash generating business to the company which has the potential to grow into something substantive. There are multiple examples of successful trading companies which started in a similar manner.

The Moroccan mining industry presents a range of specific opportunities based on its natural resources, and the resultant mining and minerals trading activities. CMR has the enviable advantage of a COO who is embedded in this sector, someone who has metals trading, mine management, permitting and geological expertise. Our Moroccan operations, and equally our shareholders, benefit from this experience and from the protection it brings.

Our new JV partner has a long history of trading in manganese, lead-zinc, barite, speciality metals, oligiste and other industrial minerals. Our first trade is likely to involve a speciality metal, although trades in zinc and lead are also being considered.


Background

Morocco's mining industry includes phosphate (OCP Group), manganese, barite (chemical and petroleum grades), lead-zinc, zinc-lead, copper-silver, gold-silver (Aya Gold & Silver), oligiste, cobalt and gold. There is also production of antimony, tungsten and industrial minerals such as feldspar, fluorspar and gypsum. The map below shows the main mine regions and deep water ports that handle the majority of Morocco's exported metals and minerals.

Fig 1: Morocco simplified mining regions

A map of the middle east Description automatically generated

Source: Company

Related party

Noureddine Sabraoui, the Company's Chief Operating Officer, is a 50% beneficial owner of the Moroccan trading company. As such, the joint venture agreement is considered to be a Related Party Transaction. The directors of CMR confirm that having exercised reasonable care, skill and diligence, that the transaction is fair and reasonable insofar as the shareholders of Critical Mineral Resources PLC are concerned.

CONTACT:

[jimzi] 17/11/2024 21:54

Speaking of the family and fingers in pies

[corrientes1] 17/11/2024 18:54

Thanks Jimzi. Compared with, say, ALT's Moroccon acquisition, this one looks like a steal. I am intrigued by the history of Hesperis Resources SARL,and why the previous owners sat on their hands. Maybe just a lengthy period of inactivity by a family with fingers in many pies ?

[jimzi] 17/11/2024 16:38

The sells are negligible from a few folks who think they can make it bit back by some hammered stocks - Arcm matd etc - a big list. But they don’t and will buy back as the downside risk is very minimal - which in this market is, I would suggest, is paramount. I ain’t going to hold anything with a wiff of placing as we all know what that means
CL holders do not sell at a loss - Rothschild is not in it for or worried about 1/10 tenth of a penny,

[corrientes1] 15/11/2024 16:37

On and on and on go the sales. You'd have thought after all this time,that the CLN linked activity would have stopped by now, for what else could it be ? Still at least after 6 months, the price hasn't really changed and isn't sub 1p.

[griffin63] 15/11/2024 14:54

Think that's all we needed to know mate,cheers.

[purple11] 14/11/2024 21:35

hopefully get an RNS with some news soon,before Xmas would be great gl

[the modeller] 04/11/2024 14:19

Environmental impact assessments are a DD hoop to jump through for large-scale projects in all jurisdictions - rest assured, Morocco takes a gratifyingly pragmatic approach.

[bri15] 04/11/2024 09:58

Plenty of buying this morning,news coming?

[jimzi] 01/11/2024 12:36

That’s exactly why Mr Sabraoui is our COO, most connected mining expert in the country- he founded the Moroccan Mining Association. High calibre management and investor makes up over half the investment case - see co website

[corrientes1] 01/11/2024 12:00

Morocco is getting very hot on environmental issues and CMR will be well aware of this when viewing other small Moroccon orientated companies at various stages in their development. This of course means that progress and therefore reporting by CMRS may not be quick as we might hope, but it doesn't change the outlook.

[purple11] 31/10/2024 21:39

Shares in Issue 81.20m
Market Cap. £974.41k