InvestSMART

Critica Limited (ASX:CRI)

ALERT: Price-sensitive ASX Announcement for CRI
Current share price for CRI : $0.018 -0.013 (-41.94%)+
Announcement
Release
17 Nov 2025 9:39AM
Price at Release
$0.031
Full Release
download
Summary
Critica Limited announced that it has secured firm commitments from institutional and sophisticated investors to raise approximately A$8 million through an oversubscribed placement. This funding aims to accelerate operations at Critica's flagship Jupiter rare earths project in Western Australia. The placement consists of approximately 307.7 million fully paid ordinary shares at an issue price of A$0.026 per share and includes a 1:1 free attaching option exercisable at $0.043 per share. The funds raised, alongside existing cash reserves and an expected R&D rebate, will support the Jupiter REE Scoping Study, drilling, metallurgy/piloting, and offtake engagements. The company intends to complete the Tranche 1 issue using its existing placement capacity and the Tranche 2 issue will require shareholder approval. The placement has been managed by Bell Potter Securities Limited and Taylor Collison Limited as joint lead managers.
Key Points
  • Critica Limited raises approximately A$8 million in an oversubscribed placement.
  • The placement will support the Jupiter rare earths project in Western Australia.
  • 307.7 million shares will be issued at A$0.026 per share.
  • Includes a 1:1 free attaching option exercisable at $0.043 per share.
  • Funds will advance the Jupiter REE Scoping Study, drilling, and other strategic initiatives.
  • Bell Potter Securities Limited and Taylor Collison Limited acted as joint lead managers.
  • The placement includes two tranches, with Tranche 2 pending shareholder approval.
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.