Critical Minerals Group Ltd. (AU:CMG) has released an update.
Critical Minerals Group Ltd. has announced a non-renounceable entitlement offer to raise approximately $2.49 million by offering new shares to existing shareholders, fully underwritten by Morgans Corporate Limited with significant backing from major shareholder Idemitsu. Additionally, the company has secured a $2 million grant from the Queensland government to develop a vanadium electrolyte plant, with a completion target by the end of 2025, aimed at boosting the vanadium redox flow batteries sector.
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