TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Critical Resources Ltd ( (AU:CRR) ).
Critical Resources Limited has completed the first tranche of its capital raising initiative, securing $1,523,000 through the issuance of 190,375,000 new fully paid ordinary shares and 95,187,500 unlisted options. This financial maneuver is part of a two-tranche placement, with the second tranche pending shareholder approval, aimed at bolstering the company’s financial position and supporting its exploration and development activities across its diversified mineral projects.
More about Critical Resources Ltd
Critical Resources Limited (ASX:CRR) is a gold-antimony-lithium explorer with assets in Canada, Australia, and New Zealand. The company focuses on battery metals through its flagship Mavis Lake Lithium Project in Ontario, Canada, and complements this with gold-antimony and base metals projects in New South Wales, Australia, and New Zealand. This diversified portfolio positions Critical Resources to create value in the critical minerals supply chain and gain exposure to the rising gold market.
Technical Sentiment Signal: Sell
Current Market Cap: A$23.55M
See more insights into CRR stock on TipRanks’ Stock Analysis page.