Critical Mineral Resources plc (CMR), a prominent player in the exploration and development of critical minerals, has officially announced the application for the admission of 154,460,412 new ordinary shares, each valued at £0.01. This significant move is aimed at enhancing its presence on the Official List of the Financial Conduct Authority (FCA) and facilitating trading on the Main Market of the London Stock Exchange (LSE). The anticipated admission is scheduled for 8:00 a.m. on 8 October 2026, and it is noteworthy that the new shares will rank equally with the existing ordinary shares of the company.
Upon successful admission, CMR will have a total of 496,037,691 ordinary shares issued, each entitling the holder to one vote, with no shares being held in treasury. This total will serve as an essential figure for shareholders, as it will be used to determine any requirements for notifying changes in their interests in accordance with the FCA's Disclosure Guidance and Transparency Rules.
CMR is focused on the exploration and development of key assets that are vital for the global economy, particularly those critical to electrification and the clean energy transition. The company’s flagship project, the Agadir Melloul copper-silver project located in the Western Anti-Atlas region of Morocco, is a prime example of its investment strategy. Situated approximately 250 kilometers southwest of Marrakech, this project is strategically positioned near the deep-water port and industrial zone of Agadir. In August 2025, CMR entered into a definitive joint venture with Coppernicus Mining Company SARL AU, acquiring a 60% interest in six permits covering around 65 square kilometers. Currently, CMR holds a 50% interest in three of these permits and 20% in the others, with mining and environmental permits awarded in the first quarter of 2026. A maiden JORC Mineral Resource Estimate is anticipated by the fourth quarter of 2026, covering about 5–6% of the current permit area, while CMR also retains exclusivity over additional land for future acquisitions.
The company is actively building a diversified portfolio of high-quality metals exploration and development projects in Morocco, with a focus on copper, silver, and potentially other critical minerals. CMR has identified Morocco as a prime location for mining operations due to its favorable mining environment, rich geological prospects, and excellent infrastructure. Furthermore, the strategic location enables the supply of essential raw materials to Europe, while the country offers appealing permitting, taxation, and royalty conditions. In 2023, CMR expanded its influence in the region by acquiring an 80% stake in Atlantic Research Minerals SARL, a leading Moroccan exploration and geological services firm.
Listed on the London Stock Exchange under the ticker LON:CMRS, Critical Mineral Resources plc continues to position itself as a key player in the critical minerals sector. For more information about the company, visit www.cmrplc.com.
As reported by uk.finance.yahoo.com.
