The British company Critical Mineral Resources (CMR), specializing in energy metals, aims to expand its raw materials trading activities in Morocco. Building on promising initial results, the company wishes to intensify its partnerships with local operators and explore more opportunities in the Kingdom, thus consolidating its presence in this market.
CMR has just announced, this Tuesday, January 7, 2025, its intention to expand its commodities trading activities in Morocco. Present in the Kingdom since 2023, the British mining company, specializing in the development and exploration of energy metals, intends to capitalize on the success of its first transactions to explore new opportunities. This strategy reflects a clear ambition: to strengthen its foothold in Morocco and maximize its growth potential in this dynamic sector.
Accelerated development in the Kingdom
CMR began its trading activities in Morocco last December, in partnership with a local player. The company indicates that it has completed several transactions in base and specialty metals, which has motivated its ambition to expand its scope of action in 2025.
“The short term objective is to intensify trading with several small local mines, capable of supplying high quality products and good tonnages in a range of metals”the company said in an update note.
For CMR CEO Charlie Long, these first results are particularly encouraging. “We are very satisfied with the success of our trading activity in such a short time”he said, while emphasizing that the company is exploring non-dilutive sources of financing to support its expansion without compromising its organic growth trajectory.
Strategic projects to strengthen its presence
In December 2024, CMR signed its first purchase contract in Morocco, relating to the acquisition of high-grade antimony ore from a local operator. This partnership, renewable every six months, marks a key step in the company’s establishment on the Moroccan market.
Since its entry into the Kingdom in 2023, CMR has increased its initiatives. The company today holds 26 exploration permits for copper, antimony, tungsten, lead-zinc and gold, covering an area of 400 km² in Rabat, Béni Mellal, Agadir and Errachidia.
In July 2024, CMR also obtained an exclusive call option to acquire 90% of the silver and copper polymetallic project in Igli, Tinghir province. This project, which extends over 16 km², represents promising potential for the future development of the company.
A strategy focused on the future
With well-defined ambitions, CMR continues its integration into the Moroccan mining landscape. The company relies on solid partnerships with local players and strategic projects to consolidate its position in this growing market. Shareholders are expected to receive further information on expansion plans in the coming months, confirming the growing importance of Morocco in the company’s overall strategy.
