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Critica Limited (ASX:CRI)

ALERT: Price-sensitive ASX Announcement for CRI
Current share price for CRI : $0.018 -0.005 (-21.74%)+
Announcement
Release
20 May 2026 9:14AM
Price at Release
$0.023
Full Release
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Summary
Critica Limited announced that it has secured $300,000 in non-dilutive funding from the Minerals Research Institute of Western Australia (MRIWA) and the RTCM Trailblazer program to advance its Jupiter critical minerals project. This funding will support R&D into alternative mineral processing methods, such as bioleaching, aligning with their strategy to reduce technical risks and enhance shareholder value. Critica is also strategically positioned through partnerships with Curtin and James Cook universities, and membership in the U.S. Defense Industrial Base Consortium, enhancing its access to research capabilities and international funding opportunities. The company is committed to attracting further non-dilutive funding and strategic support while preserving shareholder capital.
Key Points
  • Critica Limited secured $300,000 in funding from MRIWA and RTCM Trailblazer.
  • The funding will accelerate the Jupiter project's metallurgical program.
  • Funding supports R&D into alternative mineral processing methods like bioleaching.
  • Critica partners with Curtin and James Cook universities and CMCI CRC.
  • The CMCI CRC has over $53 million in Australian Government funding.
  • Critica has joined the Defense Industrial Base Consortium in the U.S.
  • The company aims for non-dilutive funding and strategic support to advance Jupiter.
  • Critica's CEO, Jacob Deysel, highlights the importance of non-dilutive funding.
  • Critica continues to engage with industry and government for grants and support.
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.