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An announcement from Critical Resources Ltd ( (AU:CRR) ) is now available.
Critical Resources has completed the second tranche of its previously announced placement, raising an additional $385,000 before costs through the issue of 48.1 million new shares accompanied by 24.1 million unlisted options, following shareholder approval for director participation earlier in December. The company has also issued 30 million Managing Director options under its Employee Securities Incentive Plan, reinforcing a capital and remuneration structure designed to align management and employee incentives with shareholder interests and support the execution of its long-term strategic objectives in critical minerals development.
More about Critical Resources Ltd
Critical Resources Limited (ASX:CRR) is an Australian mining and technology company focused on the exploration and development of metals and advanced next-generation battery technologies critical to a sustainable energy transition. Its asset portfolio includes the Mavis Lake Lithium Project in Ontario, the Halls Peak base metals project in New South Wales, and emerging gold and antimony interests in New Zealand, positioning the group in key battery and critical minerals markets.
Average Trading Volume: 4,483,068
Technical Sentiment Signal: Sell
Current Market Cap: A$26.64M
For detailed information about CRR stock, go to TipRanks’ Stock Analysis page.