Critical Reagent Announces Share Consolidation and Focus on Argentine Project

Australian Goldfields Ltd ( (TSE:CRPC) ) just unveiled an announcement.

Critical Reagent Processing Corp. has announced a share consolidation, converting ten existing shares into one new share, effective March 21, 2025. This move is part of the company’s strategy to streamline its share structure. The consolidation is expected to impact trading as shares will begin trading on a consolidated basis on the specified date. The company continues to focus on its Mina Laguna Santa Maria project, which could strengthen its market position in Argentina’s soda ash and lithium carbonate sectors.

More about Australian Goldfields Ltd

Critical Reagent Processing Corp. (CRPC) is involved in the mining industry, focusing on the production of sodium carbonate, also known as soda ash. The company has acquired a significant interest in the Mina Laguna Santa Maria project in Salta Province, Argentina, which hosts a natural deposit of soda ash, a key reagent for lithium carbonate production. CRPC aims to leverage its local production to gain a competitive advantage over soda ash imports into Argentina.

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $491.6K

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