Critical Mineral Resources PLC (CMR), a British company dedicated to mine development and critical minerals trading in Morocco, announced on Monday that it had successfully completed its first purchase and sale of high-grade lead concentrate, according to a statement issued by the company.
The company trades its metals and minerals through the Casablanca commodities market or through sales directly to international clients.
In its trading operations, CMR focuses on purchasing raw ore and concentrates from small-scale miners and local aggregators, then reselling the products under competitive payment terms.
Lead concentrate trading is part of the company’s broader strategy of acquiring material from smaller producers and, where possible, using joint venture partnerships to enhance processing capabilities.
Lead concentrate trading follows the company’s recent transactions involving antimony and copper, and is a significant step forward in its trading strategy. CMR plans to execute several more transactions this year, underscoring its ambition to grow its trading footprint.
“We are delighted to have undertaken our first lead trade, a product stream with enormous growth potential given Morocco’s robust lead production,” Charlie Long, CEO of CMR said.
“Our recent trades reflect our team’s expertise and deep connections in Morocco’s mining and metals-trading sectors,” he added. “This experience is critical not only for our trading success but also for advancing our preferred mining projects to benefit our shareholders.”