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Critical Reagent Processing ( (TSE:CRPC) ) has provided an announcement.
Critical Reagent Processing Corp. has announced a non-brokered private placement of up to 3.5 million common shares at $0.0675 per share, aiming to raise as much as $236,250 in gross proceeds, subject to approval by the Canadian Securities Exchange and a four-month statutory hold period on the issued securities. The funds are earmarked for general working capital, supporting the company’s ongoing advancement of its Laguna Santa Maria soda ash project in Argentina, which is strategically located within a key lithium carbonate production hub and positioned to reduce reliance on soda ash imports, potentially strengthening CRPC’s role in the lithium supply chain and its competitive standing in the Argentine industrial minerals market.
More about Critical Reagent Processing
Critical Reagent Processing Corp. is a Vancouver-based company focused on developing the Mina Laguna Santa Maria project in Salta Province, Argentina, a 500-hectare property hosting a natural deposit of sodium carbonate (soda ash). The project comprises two mining concessions licensed for soda ash production, a key reagent in lithium carbonate manufacturing, and the company now holds 100% of the Ignacio VI concession and 86% of the Santa Maria concession, with documentation filed to obtain the remaining 14%. Positioned in a region of significant lithium carbonate production and development, CRPC aims to leverage its in-country soda ash resource to compete with imported supply into Argentina while it continues to evaluate the property, market conditions, and bulk sample results.
Average Trading Volume: 24,712
Technical Sentiment Signal: Hold
Current Market Cap: C$632.9K
For an in-depth examination of CRPC stock, go to TipRanks’ Overview page.