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The latest update is out from Venture Minerals Limited ( (AU:CRI) ).
Lion Selection Group Limited has invested $0.5 million in Critica Limited as part of an $8 million placement to advance the Jupiter Rare Earth project. The project is strategically positioned to diversify the REE supply chain away from China, with its large-scale resource and favorable mining conditions in Western Australia. This investment positions Lion as a 2.4% shareholder in Critica, underscoring the potential strategic importance of the Jupiter project in the global REE market.
More about Venture Minerals Limited
Critica Limited is a company focused on advancing the Jupiter Rare Earth (REE) project in Western Australia. The project is notable for containing Australia’s largest magnet REE resource base, which is critical for applications in renewables and defense. The company is working on a low-cost mining proposition with a focus on creating a high-grade Mixed Rare Earth Oxide product.
YTD Price Performance: 158.33%
Average Trading Volume: 9,061,377
Technical Sentiment Signal: Buy
Current Market Cap: A$83.93M
Learn more about CRI stock on TipRanks’ Stock Analysis page.