Critical Metals Plc, a UK-based mining investment company, said that the company has decided to acquire a 57% stake in Madini Occidental for US$750,000.

Madini Occidental indirectly holds a 70% interest in the Molulu project in Congo.

Critical Metals said it planned to resume production at the Molulu Project in the fourth quarter of this year, which will generate short-term cash flow.

The Molulu Project is a medium-sized copper/cobalt asset in the Katanga Copperbelt in Congo, and four pits were previously mined by artisanal miners.