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Caerus Mineral Resources Plc ( (GB:CMRS) ) has provided an announcement.
Critical Mineral Resources has reported its first 2026 drill assays from the Agadir Melloul project in Morocco, confirming shallow, sediment-hosted copper mineralisation with consistent grades and widths supportive of an open-pit mine plan. Intercepts including up to 5.0 metres at 1.20% copper and associated gold and silver are materially thicker than the company’s 2-metre design assumption, pointing to potential upside in future mining inventory and economics.
Management is targeting a maiden JORC mineral resource at Agadir Melloul in the third quarter of 2026, alongside a tightly scheduled development programme running through metallurgical testwork, plant design, permitting and a definitive feasibility study by year-end. Less than 3% of the project has been drilled, and recent conversion of securities by strategic investors, leaving the largest shareholder on 28.5%, underlines ongoing financial backing as CMR seeks to scale the district-scale copper-silver system.
Spark’s Take on CMRS Stock
According to Spark, TipRanks’ AI Analyst, CMRS is a Underperform.
Overall score is weighed down primarily by very weak financial performance (no revenue, ongoing losses and cash burn, and negative equity). Technicals also lean bearish with the stock trading below key moving averages and a negative MACD, while valuation signals are constrained by a negative P/E and no dividend support.
To see Spark’s full report on CMRS stock, click here.
More about Caerus Mineral Resources Plc
Critical Mineral Resources Plc is a London-listed exploration and development company focused on critical minerals used in electrification and the clean energy transition. The group is building a diversified portfolio of copper, silver and other metals projects in Morocco, a mining-friendly jurisdiction with strong infrastructure and proximity to European markets.
Average Trading Volume: 1,695,121
Technical Sentiment Signal: Sell
Current Market Cap: £8.03M
Learn more about CMRS stock on TipRanks’ Stock Analysis page.