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Critica Limited (ASX:CRI)

ALERT: Price-sensitive ASX Announcement for CRI
Current share price for CRI : $0.019 -0.013 (-40.63%)+
Announcement
Release
30 Jan 2026 9:49AM
Price at Release
$0.032
Full Release
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Summary
Critica Limited, an Australian company listed on the ASX under the symbol CRI, released their quarterly activities report for the period ending 31 December 2025. During this quarter, the company focused on advancing their Jupiter Rare Earths Project, achieving significant milestones in product validation and securing funding. Critica successfully produced a high-grade mixed rare earth product with 86% TREO, improving the confidence in their resource's scalability and downstream potential. They also demonstrated the potential for gallium recovery, adding value to their operations. The company secured an A$8 million oversubscribed two-tranche placement to support ongoing pilot programs and Scoping Study inputs. The report highlights a strong cash position of approximately $10 million at the end of the quarter, considering additional completed funding. Additionally, Critica received a $1 million R&D refund and applied for a partnership to support downstream development. The report details cash flows, showing a net cash used in operating activities of A$424,000 for the quarter.
Key Points
  • Critica delivered a second high-grade mixed rare earth product with 86% TREO.
  • Gallium by-product recovery potential confirmed with 63% Ga2O3 leach recovery.
  • Ongoing pilot and hydromet programs continue to advance Scoping Study work.
  • Secured A$8 million through oversubscribed two-tranche placement.
  • Received $1 million R&D tax refund, reinforcing financial position.
  • Cash and cash equivalents at the end of the quarter stood at $7.2 million.
  • Post-quarter funding raised total cash position to approximately $10 million.
  • Payments to related parties amounted to A$87,000.
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.