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An announcement from Critical Minerals Group Ltd. ( (AU:CMG) ) is now available.
Critical Minerals Group Limited has successfully closed its Entitlement Offer, raising approximately $2.5 million through the issuance of new shares. The offer saw a 34.20% take-up rate from eligible shareholders, with additional shares allocated through Shortfall and Top Up Facilities. The company plans to place the remaining shortfall shares within three months, adhering to ASX Listing Rules and the Corporations Act. The new shares are set to commence trading on the ASX on 20 May 2025, potentially enhancing CMG’s financial position and supporting its ongoing projects in the critical minerals sector.
More about Critical Minerals Group Ltd.
Critical Minerals Group Limited (ASX:CMG) is an exploration company focused on developing critical minerals projects in Australia. The company aims to identify, secure, acquire, and develop mineral resource tenements, with a particular emphasis on the vanadium market. CMG’s flagship project is the Lindfield Vanadium Project located in north-west Queensland, and it also holds applications for projects at Figtree Creek and Lorena.
Average Trading Volume: 9,498
Technical Sentiment Signal: Sell
Current Market Cap: A$7.92M
See more insights into CMG stock on TipRanks’ Stock Analysis page.