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An announcement from Critical Metals Plc ( (GB:CRTM) ) is now available.
Critical Metals plc has raised £2.1 million through the issue of convertible loan notes fully subscribed by its majority shareholder NIU Invest SE, in a related-party transaction reflecting NIU’s 74.04% stake. The notes carry 10% annual interest, mature in 18 months, and are convertible at 10.25p per share, slightly below the recent market price, with proceeds earmarked for exploration at the Molulu Copper/Cobalt Project, potential mining-sector acquisitions, and general working capital, supporting the company’s strategy to advance its flagship DRC asset and expand its portfolio.
The most recent analyst rating on (GB:CRTM) stock is a Hold with a £10.50 price target. To see the full list of analyst forecasts on Critical Metals Plc stock, see the GB:CRTM Stock Forecast page.
Spark’s Take on GB:CRTM Stock
According to Spark, TipRanks’ AI Analyst, GB:CRTM is a Neutral.
The score is mainly pressured by weak financial performance (pre-revenue losses, negative equity, and ongoing cash burn) and limited valuation support due to negative earnings. Technicals are comparatively strong with the price above major moving averages and positive MACD, but momentum indicators look stretched. Corporate events are mixed, with supportive restructuring/ownership signals offset by the results delay and share suspension.
To see Spark’s full report on GB:CRTM stock, click here.
More about Critical Metals Plc
Critical Metals plc is a London-listed mining company focused on acquiring and developing low CAPEX, low OPEX brownfield projects in critical and strategic metals, targeting near-term production and cash flow. Its primary asset is the Molulu Copper/Cobalt Project in the Katangan Copperbelt in the Democratic Republic of Congo, where it aims to recommence production, supported by an off-take partner already in place.
Average Trading Volume: 362,816
Technical Sentiment Signal: Sell
Current Market Cap: £10.94M
See more insights into CRTM stock on TipRanks’ Stock Analysis page.