Casablanca – British mining company Critical Mineral Resources (CMR) has entered into a strategic investment agreement with Gilini Holdings, securing approximately $3.2 million in funding to drive project acquisitions and business expansion in Morocco.

Commitment to Morocco’s mining potential

The investment will be allocated towards enhancing CMR’s commodities trading operations, strengthening its working capital, and advancing its existing exploration and development projects. The company has reaffirmed its dedication to Morocco, identifying the country as a high-potential market for mineral resource development.

Investment breakdown and strategy

The funding is set to be distributed in three phases:

  • An initial tranche of $550,000 has already been received through the issuance of convertible loan notes (CLNs), converted into ordinary shares at a price of $0.014 per share.
  • A second installment of $1.7 million is expected in the second quarter of 2025, which will include a new share subscription and a second loan instrument.
  • A final tranche of $960,000 is planned for 2026 to further support project development.

The additional funding is contingent on securing key development projects in Morocco, particularly in the copper and manganese sectors. CMR views the North African nation as an underexplored market with significant growth potential, thanks to its rich mineral reserves and investor-friendly regulatory framework.

Strong industry backing

CMR’s Chief Executive Officer, Charlie Long, emphasized the importance of this financial support in driving the company’s long-term vision. “One of the major challenges for junior mining companies is securing the capital needed for exploration and development. With this funding, CMR is now well-positioned to focus on creating value in Morocco and seizing new opportunities,” he said on March 10.

Similarly, Russell Tucker, a member of the Gilini Investment team, highlighted the strategic importance of Morocco. “We see immense untapped potential in Morocco, particularly for copper. We are thrilled to support CMR as it works to unlock this opportunity,” he stated.

A strategic move for growth

This investment marks a significant milestone for CMR, further solidifying its commitment to developing Morocco’s rich mineral sector. With abundant resources and a favorable investment environment, Morocco presents promising growth opportunities for CMR’s long-term mining ambitions. By leveraging these advantages, the company aims to enhance its presence in the region and contribute to sustainable resource development.