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Critical Minerals Group Limited (ASX:CMG)

ALERT: Price-sensitive ASX Announcement for CMG
Current share price for CMG : $0.069 -0.101 (-59.41%)+
Announcement
Release
30 Oct 2025 8:19AM
Price at Release
$0.170
Full Release
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Summary
Critical Minerals Group Limited (CMG) provided a quarterly update for the period ending 30 September 2025, highlighting its activities across downstream, midstream, and upstream sectors. In the downstream sector, CMG is focusing on battery energy storage solutions (BESS), working with Vanadium Flow Battery (VFB) suppliers and visiting manufacturing facilities in several countries. They submitted an Expression of Interest for VFB deployment at a renewable energy site in Victoria. Midstream activities included the development of a Vanadium Electrolyte Facility, with approval for 24/7 operations and demonstration production underway. Upstream, CMG is progressing with the Julia Creek Mine development, focusing on hybrid renewable energy solutions and metallurgical test work. Financially, the company reported exploration expenditures of $303,185 and corporate costs totaling $948,783, with a cash balance of $924,000 at the end of the quarter. The report also includes forward-looking statements regarding their projects and financial strategies.
Key Points
  • CMG focuses on battery energy storage solutions.
  • Vanadium Flow Battery deployment discussed for Victoria site.
  • Development of Vanadium Electrolyte Facility with 24/7 operations approved.
  • Julia Creek Mine development includes renewable energy solutions.
  • Quarterly exploration expenditures were $303,185.
  • Corporate costs totaled $948,783 for the quarter.
  • Cash balance at quarter end was $924,000.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.