Russell Fryer of Critical Metals Plc Discusses Production from its Critical Minerals Mine in the DRC
In this InvestorIntel interview during PDAC 2023, Peter Clausi talks with Russell Fryer, Executive Director of Critical Metals Plc (LSE: CRTM) about some recent transactions which allowed the Company to now own 70% of the Molulu Project in the Democratic Republic of Congo (“DRC”).
Russel mentions that the copper and cobalt mine is cash flow generating as it went into production in January of this year, which is an “achievement for a small-cap company” listed on the London Stock Exchange.
He also discusses the potential for further acquisitions and he works through a pipeline of potential target projects.
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About Critical Metals PLC
Critical Metals Plc has acquired a controlling 100% stake in Madini Occidental Limited, which holds an indirect 70% interest in the Molulu copper/cobalt project, an ex-producing, medium-scale asset in the Katangan Copperbelt in the Democratic Republic of Congo. In line with its investment strategy of focusing primarily on known deposits, targeting projects with low entry costs and the potential to generate short-term cash flow; the Company brought the Molulu Project into production in January.
The Company will continue to identify future assets that are in line with its stated acquisition objective of low CAPEX and OPEX projects with near-term production, concentrating on minerals that are perceived to have strategic importance to future economic growth and generate significant value for shareholders.
To know more about Critical Metals Plc, click here.
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This presentation may contain“forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.
Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.
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