NIU Invest, headed by Austrian investor Cevdet Caner, has completed the acquisition of a majority stake in Critical Metals.

This move grants NIU a 60.34% shareholding, following its subscription for 61,402,390 new ordinary shares.

The acquisition positions NIU to leverage the potential of the Molulu Project, a cobalt and copper asset in the Democratic Republic of Congo.

The Molulu Project, in which Critical Metals holds a 70% interest through its fully owned Madini Occidental, is situated approximately 100km from Lubumbashi.

This project was acquired by Critical Metals in September 2022.

Despite its underdevelopment due to insufficient investment, the project has existing infrastructure and is close to smelters in Lubumbashi and Likasi.

In January 2023, Critical Metals announced the commencement of production at Molulu.

Critical Metals plans to further develop and expand the Molulu Project’s mining operations to realise the full value of the asset.

NIU aims to become a fully integrated mining investor and operator.

The company has a presence across North America, Latin America, Africa and Europe. Caner, with more than two decades of experience in mining and property investments, leads NIU's vision for expansion.

Looking ahead, NIU plans to continue its growth trajectory by making additional mining acquisitions in 2025.

The company is building a diverse portfolio of critical assets that are expected to drive long-term growth and meet the global demand for essential materials in advanced industries.