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Venture Minerals Limited ( (AU:CRI) ) has provided an update.
Critica Limited has completed the second tranche of its previously announced $8 million two-tranche placement, issuing 92,321,731 fully paid ordinary shares at $0.026 per share, together with an equal number of free attaching options exercisable at $0.043 and expiring in two years. Directors also participated on the same terms, subscribing for over 12.3 million shares with corresponding options, reinforcing internal support for the funding. The capital raise is intended to accelerate operational activities at the company’s Jupiter Rare Earth Project, strengthening Critica’s ability to advance this key asset and potentially enhancing its position in the rare earths sector, while a cleansing notice confirms compliance with Australian corporate disclosure requirements for the new securities.
The most recent analyst rating on (AU:CRI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Venture Minerals Limited stock, see the AU:CRI Stock Forecast page.
More about Venture Minerals Limited
Critica Limited is an ASX-listed company focused on the development of its flagship Jupiter Rare Earth Project, positioning itself within the critical minerals and rare earths sector. The company aims to accelerate operational activities at Jupiter, reflecting its strategic focus on supplying key materials to growing technology and energy-transition markets.
Average Trading Volume: 9,627,666
Technical Sentiment Signal: Buy
Current Market Cap: A$75.67M
See more data about CRI stock on TipRanks’ Stock Analysis page.