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CMRS Critical Mineral Resources Plc

1.40
0.25 (21.74%)
Last Updated: 08:37:24
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Critical Mineral Resources Plc LSE:CMRS London Ordinary Share GB00BMDQ4L78 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.25 21.74% 1.40 3,441,320 08:37:24
Bid Price Offer Price High Price Low Price Open Price
1.30 1.50 1.50 1.14 1.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 256k 0.0033 4.24 898.5k
Last Trade Time Trade Type Trade Size Trade Price Currency
09:05:16 O 50,000 1.31 GBX

Critical Mineral Resources (CMRS) Latest News (3)

Critical Mineral Resources (CMRS) Discussions and Chat

Critical Mineral Resources Forums and Chat

Date Time Title Posts
20/11/202409:06Critical Mineral Resources: Clean Energy Metals and Minerals348
17/7/202407:47Caerus with Charts & News561
25/8/202112:21interesting new Cyprus entrant7

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Critical Mineral Resources (CMRS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:05:171.3150,000655.00O
08:37:321.34200,0002,680.00O
08:33:541.42150,0002,130.00O
08:27:101.45250,0003,625.00O
08:26:231.42113,0001,600.08O

Critical Mineral Resources (CMRS) Top Chat Posts

Top Posts
Posted at 20/11/2024 08:20 by Critical Mineral Resources Daily Update
Critical Mineral Resources Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker CMRS. The last closing price for Critical Mineral Resources was 1.15p.
Critical Mineral Resources currently has 78,130,000 shares in issue. The market capitalisation of Critical Mineral Resources is £1,093,820.
Critical Mineral Resources has a price to earnings ratio (PE ratio) of 4.24.
This morning CMRS shares opened at 1.25p
Posted at 20/11/2024 07:02 by purple11
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:
Posted at 15/11/2024 16:37 by corrientes1
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.
Posted at 01/11/2024 12:00 by corrientes1
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.
Posted at 29/10/2024 15:14 by corrientes1
Sell,sell,sell. That's all that happens with this company these days.Just for how long does this CLN debacle last, and do the vendors actually make any money out of it ?
I'm probably getting the wrong end of the stick, so therefore it's very likely I'm misunderstanding the rationale behind it all.

It's so galling when you think that whilst the share price can hardly go much lower, a reasonably likely encouraging follow up on the previous announcement would do wonders for the price.
Posted at 19/10/2024 02:55 by purple11
now could be the optimal time for buying a stake in CMRS
Posted at 29/9/2024 14:47 by the modeller
Dear bri15,This is a micro-cap mining expo Co and the CLN (principally with Prism Group AG: www.prismgroup.ch ) is the price of doing business.WRT to share price projections you should push your analysis further and read the RNS of 17 July 2024, re: the Share Incentive Scheme. The first tranche will be released from forfeiture obligations if after 12 months the share price is 2.5p or higher, the second tranche will be released from forfeiture obligations if, after 24 months the share price is 3.5p or higher, and the third tranche will be released from forfeiture obligations if after 36 months the share price is 5.0p or higher.Best wishes,-TM
Posted at 26/8/2024 21:53 by corrientes1
Hear what you say,griffin63, but it still doesn't really answer fundamental questions. You might as well say that 99% of investors in small mining specs should never invest period, to judge by past share price performance.

It's no use painting a 100% pretty picture from known facts, which is what your posts imply, and not mentioning potential downsides. Of cours, same applies to all these mining specs but there's a reason why they're at multi year lows. It's all cyclical even if this cycle has has been particularly long and vicious. The worm has got to turn at some point though.

I'm in, averaging not too far from the ground floor I hope, with a sizeable investment, for me anyway,and am optimistic here, even if it doesn't comes across that way to you.
Posted at 22/7/2024 01:14 by purple11
For newbies - all from the RNSs19 Jul 2024 09:19

As it looks like the oldies have left.

1] Agreement to acquire the high grade Igli project showing 912 g/t silver and 2.97% copper. [compare to their Ifri project 17 g/t and 1.98% and the share price was 3.75p!!]

2] Moneymetals.com claim 515 g/t at Cannington Mine is stunning.

3] Igli is located 16 miles from the Imiter mine - one of the world's largest sliver mines and is in the same structural corridor.

4] Strategic / corner stone investors initially committed to £1.26m fully diluted at 1.16p. Yesterday the investors requested to increase their commitment by £240k on the same terms - total £1.5m. Along with legacy sale final instalment , £1.8m cash. Funding sorted.

5] Cost of acquisition £615k. - the cost of a semi-detached in East London.

6] Metal trading JV with a global company - v high margin as management time mainly.

6] D Traynor [who founded £740m Sigamor group] becomes full time chairman.

7] Current mcap under £1m

912 g/t silver [515 is stunning], 2.97% copper 16 miles away from the world's largest silver mine for the price a semi in Hackney and mcap under £1m - no one has read the RNS
Posted at 17/7/2024 13:13 by cyberbub
I don't think these CLNs are a death-spiral type. I think the share price has risen because they now have enough cash to keep the lights on for another 6-9 months.My main concern is that the CLN description doesn't state whether the notes can be converted *at Prism's choice*, or whether CMRS have to agree it? If the former then effectively it's just a delayed placing at 1.1p, to a related party. This lack of clarity / potential dubious dealings is another red flag IMHO.A shame, as the projects look exciting in general, very high grades although these are just surface resources.
Posted at 27/6/2024 09:51 by bri15
This company will need to raise funds to progress,I believe we will get some brilliant news to push share price massively up, that then will allow CMRS to raise considerable more money to push projects on.Well that's my take on things.
Critical Mineral Resources share price data is direct from the London Stock Exchange

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