Critical Mineral Resources PLC Directorate Change (4396X)
December 20 2023 - 1:00AM
UK Regulatory
TIDMCMRS
RNS Number : 4396X
Critical Mineral Resources PLC
20 December 2023
20 December 2023
Critical Mineral Resources PLC
('CMR' or the 'Company')
Directorate Change
Critical Mineral Resources plc ('CMR' or the 'Company), the
exploration and development company focused on clean energy metals
in Morocco, announces that Christopher Lambert, Chairman, has left
the Board of Directors with immediate effect.
As the board considers his replacement it is pleased to announce
the appointment of Noureddine Sabraoui, the Company's General
Manager, as Chief Operating Officer with immediate effect.
Noureddine has had an extensive career in the Moroccan mining
industry. As a geologist in the region, he has held a number of
senior roles for Moroccan and foreign owned companies including as
general manager for operating mines in the industrial minerals
sector. Noureddine has also run his own geological and mining
services business and he co-founded the Moroccan Association of
Mining Companies.
Charles Long, Chief Executive Officer of CMR, commented:
"I am delighted to welcome Noureddine to the Board and look
forward to continuing to work closely with him to execute our
strategy. Noureddine is a highly experienced geologist, mine
operator and manager. He possesses unrivalled knowledge of
Morocco's mining industry and its metals trading opportunities, as
well as the high quality project deal-flow that exists in the
country."
** Ends **
Critical Mineral Resources plc info@cmrplc.com
Charles Long, Chief Executive Officer
Novum Securities
Jon Belliss +44 (0) 20 7399 9425
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Hudson Sandler (Financial PR)
Charlie Jack +44 (0) 207 796 4133
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Notes To Editors
Critical Mineral Resources (CMR) plc is an exploration and
development company focused on developing assets that produce key
commodities essential for renewable energy, battery storage and
electrification to support the clean energy revolution. These
commodities are widely recognised as being at the start of a supply
and demand supercycle.
CMR is building a diversified portfolio of high-quality metals
exploration and development projects in Morocco, focusing on
copper, nickel, manganese, cobalt, and potentially rare earths. CMR
identified Morocco as an ideal mining-friendly jurisdiction that
meets its acquisition and operational criteria. The country is
perfectly located to supply raw materials to Europe and possesses
excellent prospective geology, infrastructure and attractive
permitting, tax and royalty conditions. In 2023, the Company
acquired an 80% stake in leading Moroccan exploration and
geological services company Atlantic Research Minerals SARL.
Since taking over the CMR in 2022, management has completed a
comprehensive strategic review and restructuring of the business
and implemented its clear strategy to maximise exploration and
resource development opportunities for the benefit of all
stakeholders. The Company is listed on the London Stock Exchange
(CMRS.L). More information regarding the Company can be found at
www.cmrplc.com
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