Critical Mineral Resources secures fresh funding for the Agadir Melloul project
Critical Mineral Resources plc (CMR) has received a £1.51 million (US$2 million) investment from mining finance specialist Nebari, providing fresh funding for the Agadir Melloul copper-silver project and opening potential pathways to construction finance.
Nebari is subscribing for 75.47 million shares at 2p each, reflecting CMR’s 10-day average closing share price at the time of agreement. This investment will make Nebari the second-largest shareholder, holding approximately 15.2% of the enlarged company.
In addition, Nebari will be granted one warrant per share subscribed, split equally between exercise prices of 3p and 4.5p, valid for four years. Full warrant exercise could raise an additional £2.8 million. The investor also secures a right of first refusal to provide construction finance for Agadir Melloul and other CMR mine developments, along with board observer and technical committee representation.
Chief Executive Charles Long commented, “Nebari’s involvement offers CMR a credible funding pathway early in the project’s life.” The new funds will support resource definition, acquisitions, and development activities at Agadir Melloul, where a maiden JORC Mineral Resource Estimate is expected in the fourth quarter of 2026.
This strategic partnership marks a significant milestone for CMR, strengthening its financial position and accelerating progress towards advancing its mining projects.
