Aim-listed Critical Mineral Resources (CMR) recently secured four new exploration permits in Morocco’s Rabat and Beni-Mellal regions, bolstering its mining portfolio.
The granted permits, covering approximately 80 square kilometers, notably encompass the Meseta project, primarily focused on copper exploration.
Since acquiring an 80% stake in Atlantic Research Minerals (ARM) in June, CMR has been actively augmenting its Moroccan minerals and metals projects.
The latest addition, the Meseta project, holds promising potential for copper and is conveniently accessible via sealed roads, a point highlighted by CMR.
Situated along the same structural trend as Morocco’s Rhouirat N’Has tungsten/copper project managed by ONHYM (Morocco’s State natural resources developer) and Aterian’s Zaer project, the Meseta permit displays evident historical mining activity across various locations on the property.
CMR’s strategic focus revolves around developing Moroccan commodity projects conducive to clean energy transitions and rapid progression towards production and revenue generation.
Acknowledging copper’s crucial role in electrification and clean energy technologies, CMR emphasizes Meseta’s significance in furthering its exposure to copper and its enduring value proposition.
Previously, CMR and ARM had inked a binding term sheet with SA Strategy, the Zagora cobalt project owner, aimed at milestone-driven collaboration.
However, both parties mutually terminated the agreement, maintaining prospects for future collaboration and partnerships.
CEO Charlie Long expressed enthusiasm about the Meseta project’s inclusion in CMR’s exploration permits portfolio, aligning with their strategy to target assets supporting clean energy commodities.
Long highlighted Meseta’s potential for copper development, emphasizing its significance in providing investors with enhanced exposure to copper projects and the substantial long-term value they hold.
CMR continues its drive toward earning from near-term production assets while nurturing Meseta as a pivotal addition to its incubator portfolio, demonstrating a commitment to sustainable resource development and future value creation.
