CRITICAL MINERAL RESOURCES PLC

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  Material uncertainty over going concern

  We draw attention to note 3 in the financial statements, which indicates that the Group and Company are not currently generating revenues and have incurred operating losses, which are expected to continue over the 12-month period following approval of the financial statements. The Company remains reliant on securing additional external financing to meet its ongoing working capital and project funding requirements. As the timing and availability of such future funding are not wholly within the Group's control, this gives rise to a material uncertainty that may cast significant doubt on the Group's and Company's ability to continue as a going concern.

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  Going-concern uncertainty disclosed

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  Negative shareholders' funds

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. CRITICAL MINERAL RESOURCES PLC 2023-08-16 → present
2. CAERUS MINERAL RESOURCES PLC 2018-09-18 → 2023-08-16
3. LEOPARD MINERAL INVESTMENTS PLC 2018-01-08 → 2018-09-18
4. LEOPARD MINERAL INVESTMENTS LIMITED 2017-11-01 → 2018-01-08

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 3 in the financial statements, which indicates that the Group and Company are not currently generating revenues and have incurred operating losses, which are expected to continue over the 12-month period following approval of the financial statements. The Company remains reliant on securing additional external financing to meet its ongoing working capital and project funding requirements. As the timing and availability of such future funding are not wholly within the Group's control, this gives rise to a material uncertainty that may cast significant doubt on the Group's and Company's ability to continue as a going concern.”

Group structure

1. CRITICAL MINERAL RESOURCES PLC · parent
   1. Atlantic Research Minerals SARL 80% · Morocco · Mineral exploration
   2. Atlantic Geo-Services SARL 80% · Morocco · Dormant

Significant events

• “On 22 January 2026, the Company announced a successful fundraise by way of placing and subscription for 129,999,995 new ordinary shares of £0.01 at a price of £0.0225 per share, raising gross proceeds of £2.9m. The Company also granted placing warrants for all subscribers on a one for one basis, exercisable at £0.045 per share, expiring on 3 February 2029.”
• “The Company also announced that it has received four Notices of Exercise from existing warrant holders in respect of 17,045,455 warrants, funds for this warrant exercise of £296,765 were received prior to the year end and have been accounted for as paid in share capital and included in the Statement of Changes in Equity.”
• “On 23 February 2026, the Company issued 2,243,778 new Ordinary Shares to certain service providers and debt holders in lieu of cash settlement of outstanding fees and interest.”
• “On 28 February 2026, the Company announced that a Mining Licence had been awarded for Agadir Melloul.”
• “On 29 April 2026, the Company received conversion notices in relation to the USD CLN and the Gilini Tranche 1 of 33,721,061 and 45,273,349 shares respectively.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

14

last 12 months

Capital events

7

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.