The mining sector in Morocco receives great attention from international companies, and Morocco hopes to maximize the use of the rich country’s resources with the aim of producing rare minerals, which are in high demand in the process of going green worldwide. In light of this, the British company “Critical Mineral Resources” announced It raised £0.250 million, the proceeds from the issuance of 12.2 million new shares, in addition to 8.01 million treasury shares for 1.25 pence per share.

The British Exploration and Development Company will use the funds to develop its operations in Morocco, especially the Ivry project in the Anti-Atlas region. This has achieved several strong and promising results. “Ivry” is located within the boundaries of an area that includes 4 operating mines and 7 copper, silver and gold mines, but which are currently suspended.

The company is holding several talks with an unnamed global commodity trading company to discuss the possibility of a partnership to produce metals and supply them to the global supply chain. The company, “Critical Mineral Resources,” stated that trade in metals has become required by various industry sectors, whether through partnerships or individually, and this will serve as a A gateway to attracting cash flows in the near term.

The Evry region includes various huge branches and is rich in minerals, including, for example, copper, silver, and gold. KM Securities acquired two million common shares during the recent offering, and the company’s CEO, Charlie Long, announced his appreciation to the current shareholders for their support. He welcomed the campaign. New stock.

The net proceeds from the share issuance process will accelerate the company’s ongoing efforts to take advantage of the abundant opportunities in the mining sector in Morocco, which the company has succeeded in creating and advancing during the past few months. The company continues to focus on developing projects and opportunities that provide the possibility of purposeful production of very important basic commodities, in addition to generating liquidity. Cash in the near term, and raising money will enhance its driving force in Morocco, and on January 16, 2024, Critical Mineral announced that it had obtained 26 licenses for exploration in the mining sector in Morocco within an area bearing copper, antimony, lead, gold, and zinc, through the acquisition of the Moroccan company “Hespress.” "Resources".

The permits cover an area of approximately 400 km and include areas of Rabat, Beni Mellal, Agadir and Errachidia known for mining operations supported by road and electricity infrastructure. The acquisition will open the door to a wider range of exploration operations for rare earth minerals, and strengthen its position as one of the leading developers of rare earth minerals. .

The company has gained great momentum in Morocco, and the company has a great geological understanding of the potential of the region and is considered a global center for basic commodities. The company has extensive relationships within the mining sector in Morocco, which attracted the interest of an international commodity trading company to become its partner from within Morocco and supply it with basic commodities, and the company Currently in discussions to formalize this company.

The company obtained 4 licenses for exploration in Rabat and Beni Mellal on December 6, 2023. The 3 permits cover an area of approximately 80 km. The project includes Mystna, which is rich in copper, which is a key element in the manufacture of electric car batteries. During the month of June 2023, “Critical Mineral Resources” acquired 80%. Among the shares of the company is "Atlantic Research Minerals", which specializes in exploration and development of copper and gold sites in Morocco. At the beginning of September, the company acquired the Igram project, which contains copper and manganese.