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Critica Limited (ASX:CRI)

ALERT: Price-sensitive ASX Announcement for CRI
Current share price for CRI : $0.021 -0.001 (-4.55%)+
Announcement
Release
18 May 2026 9:10AM
Price at Release
$0.022
Full Release
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Summary
Critica Limited announced the successful production of a third high-purity Mixed Rare Earth Oxide (MREO) from its Jupiter Project, achieving approximately 97% Total Rare Earth Oxide (TREO). This marks a significant improvement in product quality over previous MREOs, which contained 84% and 86% TREO. The latest results highlight strong total rare earth recoveries of up to 71%, with Magnet Rare Earth recoveries reaching up to 76%. This progress is part of Critica's ongoing refinement of its hydrometallurgical flowsheet and supports its mine-to-magnet strategy aimed at establishing an alternative supply chain for essential technologies such as EVs, renewables, and AI infrastructure. The advancements made in the Jupiter Project are expected to enhance the project economics and feed into ongoing Scoping Studies, while optimisation efforts continue to further improve recovery and product quality.
Key Points
  • Third high-purity MREO produced from Jupiter achieving ~97% TREO.
  • Significant improvement from previous MREOs of 84% and 86% TREO.
  • Total rare earth recoveries of up to ~71% achieved.
  • Strengthened Magnet Rare Earth recoveries of up to ~76%.
  • Continued refinement of hydrometallurgical flowsheet.
  • Supports Critica’s mine-to-magnet strategy.
  • Establishes alternative supply chain for technologies like EVs and AI.
  • Progress to enhance project economics and Scoping Studies ongoing.
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.