Critical Metals (CRTM): Additional funding requirement
This situation live
CRTM Critical Metals
7 Nov 2025 · Planned, cash minimal · +15% until the next step
The Company will look to raise additional funds to acquire facilities in the critical metals sector in the DRC and elsewhere and to support working capital requirements for the increased activity.
3 Feb 2026 · £2.1m NIU convertible loan note raised · +613% until the next step
This financing demonstrates NIU's support and commitment to the Company's success, strengthens working capital and cash liquidity, and is intended to support the advancement of revenue-generating oppo
26 Oct 2026 · £2.1m NIU note funded fieldwork restart · +0% since
Funds raised during the period were partially used to restructure the Company, reduce debt and support advancement of the Molulu Project
Additional funding requirement
£2.1m NIU note funded fieldwork restart
Every step · 3
- 7 Nov 2025 Planned, cash minimal – The Company will look to raise additional funds to acquire facilities in the critical metals sector in the DRC and elsewhere and to support working capital... ↗
- 3 Feb 2026 £2.1m NIU convertible loan note raised – This financing demonstrates NIU's support and commitment to the Company's success, strengthens working capital and cash liquidity, and is intended to... ↗
- 26 Oct 2026 £2.1m NIU note funded fieldwork restart – Funds raised during the period were partially used to restructure the Company, reduce debt and support advancement of the Molulu Project ↗
What is happening
Critical Metals: Additional funding requirement – £2.1m NIU note funded fieldwork restart. ['£2.1m NIU note funded fieldwork restart']
- In short
- The £2.1m NIU convertible loan note was raised on 31 December 2025. The final results state that part of the funds went on restructuring, debt reduction and Molulu, and that fieldwork restarted after funds were released. No closing cash figure is given here.
- Announced
- 7 Nov 2025 · Planned, cash minimal
- Latest
- 26 Oct 2026 · £2.1m NIU note funded fieldwork restart
- Amount
- £2.1 million convertible loan note from NIU
- Use of money
- Restructuring, debt reduction and advancing the Molulu Project
- Funder
- NIU Invest SE, majority shareholder
Briefing Pro
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Also at Critical Metals 3 open
Project milestonesMolulu resource estimate and PEA – Phase 1 scout mining fieldwork under way
New CEO / resetCEO succession and restructuring – Lange now described as CEO; board restructured
Legal & regulatoryTemporary suspension of listing – Cause stated: late audited accounts; controls strengthened
Stake building towards controlRussell Fryer towards control – 27.04% (from 0%) · closed
Dilutive fundraisePlacing of 20% of the market value – completed · closed
Critical Metals – company page →