Caerus Mineral Resources Plc ( (GB:CMRS) ) has issued an update.
Critical Mineral Resources PLC has announced the capitalization of loan notes and the issuance of new equity. This involves a director, Mr. Dominic Traynor, purchasing and converting loan notes into new ordinary shares, which will then be sold to investors. The move is expected to enhance the company’s financial structure and liquidity. The new shares will be admitted to trading on the London Stock Exchange, increasing the company’s issued share capital to 135,391,499 ordinary shares. This strategic financial maneuver is likely to strengthen CMR’s market position and operational capabilities, supporting its focus on critical minerals in Morocco.
More about Caerus Mineral Resources Plc
Critical Mineral Resources PLC (CMR) is an exploration and development company focused on critical metals and minerals in Morocco. The company is building a diversified portfolio of high-quality metals exploration and development projects, particularly in copper and manganese, and aims to support the global economy’s demand for electrification and clean energy. CMR is strategically positioned in Morocco, benefiting from the country’s favorable mining conditions and proximity to European markets.
YTD Price Performance: 17.86%
Average Trading Volume: 650,610
Technical Sentiment Signal: Hold
Current Market Cap: £1.76M
For detailed information about CMRS stock, go to TipRanks’ Stock Analysis page.