2023-09-14 10:40:58
(Alliance News) – Critical Mineral Resources PLC announced on Thursday that it has completed the sale of its Cypriot assets to PM Plutonic Metals Ltd and Indo-European Mining PR Ltd.
Shares in Critical Mineral Resources jumped 57% to 4.51 pence each on Thursday morning in London.
The exploration and development company focused on clean energy commodities said it closed the $528,001 sale on Wednesday, which was originally scheduled to be completed on June 31.
Executive Chairman Chris Lambert said: “This announcement marks an important transition in the development of CMR. The completion of the sale of the Cypriot assets allows the company to ensure that it is fully focused on maximizing value exciting opportunities it generates in Morocco.”
Critical Minerals Resources is focused on larger upstream development opportunities.
By Tom Budszus, Alliance News reporter
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