On 3 October 2024, Critical Resources Limited (ASX:CRR) announced the successful completion of its Placement, which raised $1,100,000 by issuing 183,333,333 fully paid ordinary shares along with 83,666,666 attaching options. This Placement is being executed in two stages, with the second stage involving 16,666,667 shares and 8,333,334 options designated for directors, subject to shareholder approval at a meeting scheduled for 25 October 2024. The capital raised will be used to advance the Mavis Lake exploration programs, including a maiden drilling project at the Northern Prospects, as well as for general working capital. A cleansing notice has also been submitted alongside this announcement. Critical Resources is focused on lithium exploration in Ontario, Canada, and is progressing its flagship Mavis Lake Lithium Project, which has an Inferred Mineral Resource of 8Mt at 1.07% Li2O. This announcement has received approval from the Board of Directors.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
