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The latest announcement is out from Critical Resources Ltd ( (AU:CRR) ).
Critical Resources Limited has launched a non-renounceable pro-rata entitlement offer of loyalty options to eligible shareholders, issuing one CRRAC option for every ten existing shares at an issue price of $0.001 to raise up to approximately $319,410. The loyalty options, which the company plans to seek quotation for on ASX, are exercisable at $0.008 and expire on 23 April 2028, and existing optionholders must first exercise their options into shares before the record date if they wish to participate.
The offer is limited to eligible shareholders in Australia and, subject to restrictions, New Zealand, and it is not underwritten, meaning the final amount raised may be less than the maximum target. The move provides an opportunity for current investors to increase their exposure to the company’s future growth at a low entry price, potentially strengthening its capital base as it advances its critical metals and battery technology-focused projects.
More about Critical Resources Ltd
Critical Resources Limited is an Australian mining and technology company focused on the discovery and development of critical metals and next-generation battery technologies that support a sustainable future. Its diversified portfolio includes the Mavis Lake Lithium Project in Ontario, the Halls Peak Base Metals Project in New South Wales, and a growing gold portfolio in New Zealand.
YTD Price Performance: -9.09%
Average Trading Volume: 4,445,556
Technical Sentiment Signal: Sell
Current Market Cap: A$28.75M
For a thorough assessment of CRR stock, go to TipRanks’ Stock Analysis page.