February 08, 2023

Critical Metals Russell Fryer on getting the Molulu Cobalt and Copper Mine Back into Production

In this InvestorIntel interview, Tracy Weslosky interviews Critical Metals PLC’s (LSE: CRTM) CEO and Chairman Russell Fryer to discuss an update on Critical Metals’ Molulu Mine, an ex-producing copper cobalt mine in the Democratic Republic of Congo (“DRC”).

Providing a timeline for production on the Molulu Mine, Russell shares an update on when Critical Metals may begin to generate revenue from the mine. He goes on to talk about the ‘King of Mining’ Ian Hannam becoming a significant shareholder in Critical Metals. Discussing the strength of their team that he has put in place at Molulu already, Russell references the recent appointment of John Greeff as the Mine Manager.

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About Critical Metals PLC

Critical Metals PLC has acquired a controlling 57% 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 potential to generate short-term cash flow; the Company intends on bringing the Molulu Project into near term production at the earliest opportunity. 

The Company will continue to identify future assets that are 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

Disclaimer: Critical Metals PLC is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp. (IIC) does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

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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