Critical Mineral Resources PLC
CMRS · Main Market · Basic Resources · mcap £13m · 2.0p 2 open situations →
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Stake building towards control
NEBARI CARRY CF II, LLC towards control
30.43% (from 0%)
Next: a 30% holder must bid (Rule 9)
- 6 Oct 2026 30.43%
Project milestones
Agadir Melloul resource and mine development
Funded further; resource due Q4 2026
Drilling at Agadir Melloul ramped to two rigs after the January 2026 raise. The Mining Licence came on 26 Feb 2026. A drill-bit shortage on 30 Jul 2026 moved the JORC to October. Technical Committee Chair Brett Capper joined on 2 Sep 2026. Interims on 30 Sep 2026 gave Q4 2026 for the resource. On 1 Oct 2026 Nebari agreed a US$2.0m equity investment with a right of first refusal on construction finance.
- Resource consultant
- Addison Mining Services appointed after the period end 30 Sep 2026 ↗
- Coverage
- Resource will reflect drilling across 5% to 6% of current project area 1 Oct 2026 ↗
- New discovery
- Hole 174 massive sulphide: 1.6m at 1.67% Cu, 695 g/t Ag; hole 175 1.0m at 0.72% Cu, 402 g/t Ag 30 Sep 2026 ↗
- Funding
- Nebari subscribed US$2.0m (about £1.51m) at 2.0p per share on 1 Oct 2026; 75,466,002 new shares 1 Oct 2026 ↗
- Feasibility
- Brett Capper leads the feasibility study; plant pilot testwork and site survey with Afrilab Group 30 Sep 2026 ↗
- Warrants
- 75,466,002 warrants over four years: half at 3.0p, half at 4.5p; up to £2.8m if exercised 1 Oct 2026 ↗
Next: maiden Mineral Resource Estimate
- 1 Oct 2026 Funded further; resource due Q4 2026
- 30 Sep 2026 Resource work commissioned; feasibility under way
- 2 Sep 2026 Feasibility work under way; JORC targeted October 2026
- 30 Jul 2026 JORC slipped to Oct 2026; drilling slowed
Closed · 2
Company filings. Not investment advice.