Critical Resources Secures $1.75M Placement
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Critical Resources Secures $1.75M Placement
Critical Resources Limited has successfully secured a $1.75 million placement, with no discount to the last closing price, reflecting a 5.3% premium to the 30-day VWAP. The capital raise will support the advancement of key projects in lithium, gold-antimony, and solid-state lithium-ion battery technology. The company's Chairman and Managing Director have committed significant amounts, reinforcing confidence and alignment with investors. The funds will be used to progress work at the Mavis Lake Lithium Project in Canada, gold-antimony exploration in New Zealand and New South Wales, and a battery evaluation program in partnership with the South Dakota School of Mines. The Placement Shares and options issuance will follow regulatory procedures and timelines.
Investors are invited to inquire further about the placement, the company's projects, or any other related information. Please visit our website for ASX announcements and updates, or contact us directly for more information. We are focused on executing our strategic plans and delivering tangible progress in the coming months. Your continued support is vital to our growth trajectory and value creation.
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