3rd Jul 2026 18:28
Critical Metals PLC - London-based mining company, operating the Molulu Copper/Cobalt Project in the Democratic Republic of Congo - Majority shareholder NIU Invest SE agrees to subscribe for GBP2.5 million in convertible loan notes, under a new CLN instrument which is on similar terms to the GBP2.1 million CLN instrument it created in 2025. Says it has not issued all of the notes under the new instrument, and NIU will subscribe for the remaining notes at par by the end of September. Expects the funds to provide "the capital [Critical Metals] needs for at least the next 12 months". The company will use the proceeds to explore acquisition opportunities, for general working capital, and to fund exploration and/or production activities at Molulu.
"We are pleased to have secured a further commitment from NIU to provide capital to help us develop the company's business," comments Chief Executive Officer Danilo Lange.
Current stock price: 9.00 pence
12-month change: up 13%
By Emma Curzon, Alliance News reporter
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