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Critical Minerals Group Ltd. ( (AU:CMG) ) just unveiled an update.
Critical Minerals Group Ltd. (CMG) announced a $2 million capital raising through a single tranche placement, issuing approximately 13.33 million new shares at $0.15 each. The funds will be used to advance the Lindfield Vanadium Project, including completing a pre-feasibility study, pilot plant testing, and developing a vanadium electrolyte facility. This capital injection is expected to strengthen CMG’s position in the vanadium supply chain and support the deployment of Battery Energy Storage Systems (BESS), enhancing its market presence in long-duration energy storage solutions.
More about Critical Minerals Group Ltd.
Critical Minerals Group (ASX: CMG) is a Brisbane-based company focused on delivering comprehensive and sustainable energy storage solutions globally.
Average Trading Volume: 41,576
Technical Sentiment Signal: Buy
Current Market Cap: A$15.85M
For a thorough assessment of CMG stock, go to TipRanks’ Stock Analysis page.