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Caerus Mineral Resources Plc ( (GB:CMRS) ) just unveiled an announcement.
Critical Mineral Resources PLC has announced the capitalization of loan notes and the issuance of new equity. Director Dominic Traynor will purchase £325,619.17 of loan notes and convert them into 29,601,743 new shares, which he will then sell to investors. This move aims to stabilize the company’s financial standing and improve market confidence. The shares are expected to be admitted to trading on the London Stock Exchange by 23 December 2024, marking a significant step in CMR’s strategic financial restructuring.
More about Caerus Mineral Resources Plc
Critical Mineral Resources PLC (CMR) is an exploration and development company that focuses on critical metals and minerals, specifically in Morocco. The company aims to develop assets that produce key commodities essential for electrification and the clean energy revolution, such as copper and manganese. With a diversified portfolio, CMR operates primarily in Morocco, a region known for its mining-friendly jurisdiction, excellent geology, and favorable infrastructure. CMR is listed on the London Stock Exchange and is committed to maximizing exploration and resource development opportunities.
YTD Price Performance: -52.73%
Average Trading Volume: 1,263,250
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £1.09M
For detailed information about CMRS stock, go to TipRanks’ Stock Analysis page.