Critical Metals PLC The Opening of Molulu's First Primary School
November 08 2023 - 2:00AM
RNS Non-Regulatory
TIDMCRTM
Critical Metals PLC
08 November 2023
Critical Metals plc / EPIC: CRTM / Market: Main Market
8 November 2023
Critical Metals plc
("Critical Metals" or the "Company")
Collaboration with the Community Leads to the successful Opening
of
Molulu's First Primary School
Critical Metals plc, a mining company established to acquire
mining opportunities in the critical and strategic metals sector,
currently developing an ex-producing copper cobalt mine in the
Democratic Republic of Congo ("DRC"), is pleased to announce that
it has worked with the local community to successfully open
Molulu's first Primary School - the E.P Molulu School ('the
school'), providing children aged between 5 and 13 years' old with
access to education.
The Molulu Primary School, was built by the local community and
Critical Metal employees, with Critical Metals providing the
funding for the teaching staff, currently accommodates 45 students.
The school operates within two age groups, utilising a total of two
classrooms. In addition to establishing the school, Critical Metals
also has a near-term commitment to providing educational materials
such as pens, pencils, and work notebooks, and school uniforms.
In addition to contributing essential items, Critical Metals is
strategically planning for the long term to support the expansion
of school facilities, fostering the growth of both the school's
infrastructure and student enrolment, as part of its Environmental
and Social Governance programme.
Commenting on the results, CEO Russell Fryer said: "We believe
that investing in education is not only a social responsibility but
a foundation for sustainable progress. Our commitment to opening
Molulu's first Primary School underscores our dedication to working
collaboratively with the communities around us, as we strive to
empower communities through quality education.
We remain committed to invest in the community we operate, via
employment - currently all of our fifty-one employees are Congolese
except two. Access to education is the first step and pivotal to
ensuring, where possible, local jobs go to local people in the
future. We are privileged to have played a small part in this
initial step and look forward to our continued collaboration with
the local community."
Figure 1: The teacher and the first group of students at the new
Molulu Primary School.
Figure 2: The First lessons start at the new E.P. Molulu Primary
School.
Figure 3 : Teacher's guideline books, literature, learning aids
and stationary being handed over.
For further information contact:
Critical Metals plc
Russell Fryer, CEO Tel: +44 (0)20 7236 1177
Peterhouse Capital Limited Tel: +44 (0)20 7469 0936
- Corporate Broker / +44 (0)20 7220 9797
Lucy William / Charles Goodfellow
---------------------------
St Brides Partners Ltd
Financial PR
Catherine Leftley /Ana Ribeiro/Isabelle Tel: +44 (0)20 7236 1177
Morris
---------------------------
About Critical Metals
Critical Metals PLC has acquired a controlling 100% 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 the
potential to generate short-term cash flow; the Company intends to
produce 120,000t/per annum of Copper Oxide Ore.
The Company will continue to identify future assets that are in
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.
epois
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