Corporate Strategy
“The commodity super-cycle includes periods of rising metals prices caused by ageing mines, under investment during periods of lower prices and sustained global population and GDP growth. Over the next 10 years we are anticipating metals price strength to continue due to the super-cycle, and for an added boost thanks to the Clean Energy revolution”.
Critical Mineral Resources
“Based on the current project pipeline in the base case, global mined supply peaks around the late 2020s at a little over 24 Mt, after which output declines noticeably to less than 19 Mt by 2035”
“Based on the pipeline of existing and announced copper mining projects, there is set to be a 30% supply deficit by 2035”
IEA Global Critical Minerals Outlook 2025
“Increased demand for clean energy and decarbonization technologies requires a different set of material supply chains from those powering the fossil fuel economy”.
US Department of Energy, 2023
“Electricity networks need a huge amount of copper and aluminium, with copper being a cornerstone for all electricity-related technologies”.
International Energy Association, 2023
“Today, the data shows a looming mismatch between the world’s strengthened climate ambitions and the availability of critical minerals that are essential to realising those ambitions”.
Dr Faith Birol, International Energy Association, 2022
CMR has identified Morocco as an ideal mining-friendly jurisdiction that meets is acquisition and operational criteria. The country is perfectly located to supply raw materials to Europe (its primary trading partner) and possesses excellent prospective geology, infrastructure and attractive permitting, tax and royalty conditions.
CMR is focused on building a portfolio of high-quality metals exploration and development projects in Morocco. And this strategy resulted in the discovery of the SHC Project, CMR’s flagship sedimentary copper and silver project, in joint venture with a strong Moroccan partner.
FACT SHEET
Corporate Governance
The company has adopted a recognised Corporate Governance Code in line with accepted business practice for a company of its size. Maintenance of good governance is taken seriously by management and the responsibility of the whole board.
One of the main areas of governance for CMR is risk governance, making sure the company doesn’t take any unnecessary risks and is aware of, and managing, external risks such as foreign exchange, climate change and supplier risk.
Environmental and social governance are also at the top of our agenda. Although our environmental impact is currently relatively low, we have built excellent relationships in the areas we operate and we make sure to listen and act on the concerns of the local people.
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Board & Management
Charlie is a mining specialist with industry and financial services experience. He started his career in mining over 20 years ago as the founder of a building materials quarrying company in China. He has worked as a sell-side mining analyst for over 10 years, including at Singer Capital Markets, Sanlam Securities and finnCap. Charlie was business development manager for AIM-listed Avesoro Resources and more recently CFO for Audere Solutions, a UK based risk management advisory group.
Noureddine is an experienced field geologist, mine manager and geological services supplier. He has an unrivalled knowledge of Morocco’s geology and its exploration and mining opportunities. As well as managing operations in Morocco, Noureddine also provides high quality deal-flow and project development know-how.
Dominic is a capital markets solicitor and company director with extensive experience in the public markets and corporate governance. He is a partner at City law firm Druces. His corporate positions include director of Prism Group AG, a private equity firm focussed on Fintech and money services and MAST Energy Developments plc where he is a non-executive director and chairman of the audit committee. He was also a founding director of AIM-listed SigmaRoc plc.
Russell Tucker brings over 10 years of experience in mining investment and corporate finance. He began at Qinisele Resources, a boutique mining advisory firm in South Africa, advising on mergers and acquisitions, capital raising, and restructuring. More recently, Russell has held senior roles in private equity and investment groups. He is a Chartered Global Management Accountant (CGMA) and holds an MBA from Hult International Business School.
Russell is a professional accountant with over 30 years’ working experience in the construction, engineering, railway, energy, natural resources and mining industries in Australia, Asia, USA and South Africa. Russell served as the Chief Financial Officer of Atomaer Holdings Pty Limited, a process technology company operating in global mineral resources between 2005 and 2012. In 2013, Russell and Michael Naylor led a management buy-out of Atomaer through Filblast Holdings Pty Limited to form the Filblast-Atomaer Group of Companies which led to the formation and development of Podium Minerals Limited and EV Metals Group plc, a global battery chemicals and technology company. Russell is a founding shareholder and director of EVM and served in the positions of Finance Director and Chief Financial Officer between 2014 to 2024.