Druces LLP is pleased to announce that it has advised Critical Mineral Resources PLC (“CMR” or the “Company”) on a £2.5 million financing agreement with Gilini Holdings Ltd (the “Investor”). The investment will support CMR’s ongoing efforts in exploring and developing critical metals and minerals in Morocco.

The investment comprises multiple tranches, strategically structured to align with CMR’s development plans:

CMR has received an initial £425,000 via the issuance of convertible loan notes (“CLNs”), convertible into ordinary shares at £0.011 per share.

An anticipated investment of around £1.3 million is expected in mid-2025, combining a share subscription and a convertible loan with accruing interest. A further investment of approximately £750,000 is planned for early 2026 through another share subscription. While these plans are in place, they remain subject to final agreements and market conditions.

The Subsequent Finance is conditional upon CMR entering a formal agreement on one or more Moroccan development projects, focusing on copper or manganese.

The financing is designed to support CMR’s ambitious growth strategy in Morocco. Funds will facilitate project acquisitions, expansion of the Company’s commodities trading venture, and general working capital to drive further exploration efforts.

Mark Lamph, Senior Associate within the Capital Markets Team, commented:

” We are pleased to have advised CMR on its financing agreement with Gilini Holdings Ltd. We wish CMR the best in its expansion and development plans across Morocco.”

Druces’ Corporate team played a pivotal role in advising CMR throughout this complex investment agreement. The team leveraged its extensive experience in corporate finance transactions to ensure a successful outcome for all parties involved.

For bespoke advice, please contact the Head of Capital Markets Jack Dervyn at j.dervyn@druces.com.