Critical Mineral Resources PLC (CMR), a company focused on clean energy metals in Morocco, announced on Wednesday the acquisition of four new exploration permits, specifically in the Rabat and Beni-Mellal regions, covering approximately 80 km2.
The Meseta Project falling within these permits focuses primarily on copper exploration. It also encompasses the exploration of tungsten, tin, and lead-zinc mineralization.
It is located around 80 kilometers south of Rabat, showcasing evidence of historical mining activity across various locations on the property.
“We are delighted to add the Meseta project to our portfolio of exploration permits. It fits CMR’s stated strategy of targeting Moroccan assets with the potential to produce clean energy commodities,’ said Charlie Long, Chief Executive Officer of CMR PLC.
He continued, “early indications give us confidence it has copper development potential. We are pleased to provide our investors with additional exposure to copper projects and the significant value we believe they and copper hold for the long term.”
The Company is continuing to assess advancements in battery chemistry and broader electrification technologies needed for global decarbonization.
Meseta will supply CMR with ongoing and additional exposure to copper and its long-term value opportunity.
In June, the Company acquired an 80% stake in Atlantic Research Minerals SARL, a leading Moroccan exploration and geological services company.
In early September, the Company was granted the Ighrem Project, which is prospective for copper, oligiste iron ore, and manganese.
CMR recognized Morocco as an ideal mining-friendly jurisdiction that fulfills its acquisition and operational criteria.
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