Commercial law firm Hill Dickinson’s London team has advised mining exploration and development company Critical Metals plc (LSE: CRTM) on its acquisition of the minority partner interests in Madini Occidental Ltd. Madini Occidental is the Mauritius holding company of its interest in the Molulu Project, an ex-producing copper/cobalt mine in the Democratic republic of Congo.
Its acquisition of the remaining 43% stake in Madini Occidental makes Critical Metals the 100% owner.
The Hill Dickinson team was led by Corporate partner Jonathan Morris, assisted by associate Amelia Chung and trainee solicitor Sanne Gerdsen.
The team also advised on an associated placing of £1.3 million by Peterhouse Capital.
Commenting on the deal, Jonathan Morris said: “We have advised Critical Metals on a number of deals since 2020 and are delighted to have supported them to consolidate their control over the Molulu Project and financing that purchase. We look forward to assisting Critical with its growth plans in 2023.”
Russell Fryer, CEO of Critical Metals, added: “We are absolutely delighted that Madini Minerals accepted our offer to acquire the final 21.5% in Madini Occidental Ltd, resulting in a streamlined and more efficient ownership structure for the Molulu Project.”
