Critical Mineral - Conversion of Loan Notes

Critical Mineral Resources PLC

('CMR' or the 'Company')

Conversion of Loan Notes

Critical Mineral Resources PLC, the exploration and development company focused on critical metals and minerals in Morocco announces that it has received notice to convert the principal amount of a Convertible Loan Note, together with accrued and unpaid interest thereon ("CLNs") amounting to a total of £33,750.68.  As a result the Company has issued 3,068,243 new ordinary shares of £0.01 each in the Company ("Ordinary Shares") (the "CLN Shares"). 

Admission

Application has been made for the CLN Shares to be admitted to trading on the main market for listed securities of the London Stock Exchange, and admission of the CLN Shares is expected to occur on 28 October 2024 ("Admission"). The CLN Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, the enlarged issued share capital of the Company will comprise 83,867,102 ordinary shares of which the Company holds 2,666,666 in treasury and is not permitted to exercise the attached voting rights. Therefore, Total Voting Rights calculations should be based on the figure 81,200,436 to determine if shareholders are required to notify their interest, or a change to their interest, under the Disclosure and Transparency Rules.

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Notes To Editors

Critical Mineral Resources (CMR) PLC is an exploration and development company focused on developing assets that produce key commodities for the global economy including those essential for electrification and the clean energy revolution. Many of 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, manganese and potentially other critical minerals and metals. 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, good 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