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US1 Critical Minerals Limited (ASX:USC)

ALERT: Price-sensitive ASX Announcement for USC
Current share price for USC : $0.016 -0.008 (-33.33%)+
Announcement
Release
28 Apr 2026 10:01AM
Price at Release
$0.024
Full Release
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Summary
US1 Critical Minerals Limited (ASX: USC) has announced the successful completion of a $1 million placement led by Snow Lake Energy. The placement involved the issuance of 50,000,000 fully paid ordinary shares at $0.02 per share to both institutional and sophisticated investors. Snow Lake Energy contributed $0.5 million, resulting in an expected holding of approximately 13.6% of USC's issued capital. The proceeds from the placement will be used to support corporate and legal initiatives, progress exploration projects in Tanzania, and cover the costs of the placement and general working capital. The settlement of this placement is expected on or before May 15, 2026. Additionally, USC will issue 25 million unlisted options to a consultant for services related to the placement.
Key Points
  • US1 Critical Minerals completed $1 million placement.
  • Placement led by Snow Lake Energy.
  • 50,000,000 shares issued at $0.02 each.
  • Snow Lake Energy to hold ~13.6% of USC.
  • Funds to support corporate, legal, and exploration initiatives.
  • Settlement expected by May 15, 2026.
  • 25 million unlisted options issued to consultant.
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.