Welcome to Cambridge Mineral Resources
Cambridge Mineral Resources Plc is a junior mining exploration and development company founded in 1992. Our main focus is the Iberian Pyrite Belt in southern Spain where we are investigating the Masa Valverde copper-zinc deposit near Huelva in conjunction with a major mining and commodity trading group. We are also evaluating a number of other mining projects in Andalucia.
The Chairman's Blog
Chairman's blog 21 January 2016
We are now into 2016 and the outlook for the financial markets continues to be uncertain due to global economic factors with a corresponding impact on mining and metals.
By way of a brief update, our Open Offer completed on 20 January 2016, having been extended to enable some shareholders to invest later than the original timeline.
The total funds raised in the Open Offer were £101,945.55, approximately half of which was invested by directors. This amount is far short of the funds required to cover for the cost of the planned IPO and therefore this will impact our plans and timetables. However, your board is simultaneously working on other options to bring tangible value to shareholders, news of which will be communicated to shareholders as and when possible.
Our Spanish projects continue to advance and we await the start of drilling on wholly-owned Andalucia project.
21 January 2016