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Venture Minerals Limited ( (AU:CRI) ) has shared an announcement.
Critica Limited has successfully raised approximately A$8 million through an oversubscribed placement to accelerate operational activities at its Jupiter rare earths project. The funds, along with existing cash and an expected R&D rebate, will support the Jupiter REE Scoping Study and related activities. The placement was strongly backed by institutional and sophisticated investors, with board directors also participating, demonstrating confidence in the company’s strategy. Critica aims to advance the project through systematic de-risking and technical development, positioning itself as a key player in the critical minerals market.
More about Venture Minerals Limited
Critica Limited operates in the rare earth elements industry, focusing on the development of its flagship Jupiter rare earths project in Western Australia. The company is committed to becoming a reliable supplier of critical minerals to Western markets.
YTD Price Performance: 158.33%
Average Trading Volume: 9,061,377
Technical Sentiment Signal: Buy
Current Market Cap: A$83.93M
For a thorough assessment of CRI stock, go to TipRanks’ Stock Analysis page.