Green Critical Minerals Ltd has completed an oversubscribed capital raise, securing AU$2.48 million

Green Critical Minerals Ltd (ASX: GCM) announced that it has successfully secured AU$2,479,819 from sophisticated and professional investors by placing 381,510,660 fully paid ordinary shares at an attractive price of AU$0.0065 per share. This substantial funding underscores robust confidence from new institutional investors and returning shareholders, demonstrating a solid belief in GCM's vision. The capital will be strategically directed towards establishing a cutting-edge pilot plant to produce VHD Blocks, propelling its ambitious commercialization strategy for VHD Block Technology at its newly announced industrial facility in New South Wales.

This influx of capital places the company in an excellent position to acquire crucial infrastructure needed for the swift development of its pilot plant, bringing its groundbreaking technology—renowned for its superior thermal properties—closer to realization and revenue generation. Additionally, the funds will facilitate the finalization of the Prefeasibility Study for the High Purity McIntosh graphite project, laying the groundwork for a complete mine-to-market supply chain that will maximize the competitiveness of VHD Blocks. Rigorous testing will ensure it fully understands the high-purity McIntosh properties when applied through the VHD Block Technology process, setting the stage for GCM's promising future.

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