Critical Metals could become the go-to company for more exotic metals

Critical Metals PLC is an investment vehicle formed to identify and acquire brownfield mining opportunities in the strategic metals sector as defined by the United States and European Union.

With strong demand fundamentals and pricing, the initial focus is on near-term production opportunities, prioritising cash flow generation over exploration upside and where the board believes opportunities have been overlooked and under-analysed.

() agreed to advance funds for facilities and infrastructure at Molulu, in the Democratic Republic of Congo, where it is working to acquire a copper-cobalt project.

The company announced in May a deal to acquire a majority stake in Madini Occidental Ltd which holds an indirect 70% beneficial interest in a ‘small scale mining license’. The licence, which is host to the Molulu project, is described as being adjacent to several medium and large-scale producers.

Workstreams continue for the due diligence and in the meantime the company will advance US$140,000 of the US$850,000 funding commitment in the acquisition, to pay for certain facility and infrastructural improvements at Molulu.

“While we are making good progress towards completion of our first potential acquisition, we are eager for opportunistic infrastructural upgrade work to commence on site ready for us to hit the ground running upon completion,” said Critical Metals chief executive Russell Fryer.

Critical Metals PLC (LSE:CRTM, FRA:67K) has engaged key advisers and set due diligence work in train in regard to its proposed acquisition of a majority stake in Mauritius-based Madini Occidental Ltd, the 70% shareholder of Miniere Molulu in the Democratic Republic of the Congo.

The initial deal was announced on 20 May 2021.

Critical Metals PLC (LON:CRTM) has agreed terms for its first potential acquisition, with a deal to buy a majority stake of a copper-cobalt project in the Democratic Republic of Congo.

The investment company, which floated in London last September, has signed heads of terms on a deal to potentially acquire a 57% stake in Madini Occidental Ltd (MO), which will hold a 70% beneficial interest in the Molulu project in the DRC.

It’s a unique gameplan, and it’s all in the name.

Critical Metals Plc (LON:CRTM), which listed in London at the end of September, plans to build up a portfolio of assets focused on the more exotic metals, rather than the usual suite of base or precious metals that you find inside any standard diversified miner.

() () Russell Fryer joins Proactive London to talk about their advanced funds for their facilities and infrastructure at Molulu, in the Democratic Republic of Congo, where it is working to acquire a copper-cobalt project.

The company announced in May a deal to acquire a majority stake in Madini Occidental Ltd which holds an indirect 70% beneficial interest in a ‘small scale mining license’. The licence, which is host to the Molulu project, is described as being adjacent to several medium and large-scale producers