Critical Metals to Raise GBP3 Million via Convertible Loan Note Issue
Critical Metals (CRTM.L) said July 3 it will issue 2.5 million pounds sterling of additional convertible loan notes to its majority shareholder, NIU Invest. The follow-on notes will accrue interest at 10% per annum and mature after 18 months from the issue, which are the same terms as a 2.1 million-pound convertible loan instrument the company created in December 2025. Critical Metals said both facilities will support its capital needs for the next 12 months. It earmarked the funds for potential acquisitions, exploration and production at its Molulu cobalt project in the Democratic Republic of Congo, and general working capital.
Critical Metals (CRTM.L) said July 3 it will issue 2.5 million pounds sterling of additional convertible loan notes to its majority shareholder, NIU Invest.
The follow-on notes will accrue interest at 10% per annum and mature after 18 months from the issue, which are the same terms as a 2.1 million-pound convertible loan instrument the company created in December 2025.
Critical Metals said both facilities will support its capital needs for the next 12 months.
It earmarked the funds for potential acquisitions, exploration and production at its Molulu cobalt project in the Democratic Republic of Congo, and general working capital.