(Ecofin Agency) - • UK-based Critical Mineral Resources expands exploration portfolio in Morocco
• New project to target 150,000–200,000 tons of copper at 1.2% grade
• Drilling expected to begin in Q3 2025, financial terms undisclosed

British junior mining company Critical Mineral Resources has announced an agreement to acquire a 60% stake in a new copper and silver project in Morocco. The project further expands the company’s footprint in a country ranked among Africa’s most attractive mining destinations by the Fraser Institute.

The company, already operating several exploration sites in Morocco, plans to begin drilling at the new location in the third quarter of 2025. Initial exploration aims to confirm reserves of 150,000 to 200,000 tons of copper at a grade of 1.2%. A parallel campaign may also be launched to assess the potential for a larger-scale strategic resource.

Critical Mineral’s existing portfolio in Morocco includes the Igli project, acquired in 2024, as well as the Meseta, Ighrem, and Ifri exploration licenses, all targeting copper and silver deposits.

While the name and financial terms of the new acquisition have not been disclosed, the company’s growing interest reflects Morocco’s favorable regulatory environment and strong geological potential. In 2022, the Fraser Institute ranked Morocco as the most attractive African jurisdiction for mining investment, followed by second place in 2023.

In February 2025, Morocco launched public consultations on a proposed update to its mining code aimed at boosting investment across the sector. The country holds substantial reserves of key minerals such as copper, cobalt, and manganese, positioning it as a growing hub for critical raw materials.