Critical Resources Ltd Raises $1.2M for Lithium Projects

Critical Resources Ltd (AU:CRR) has released an update.

Critical Resources Limited has successfully secured $1.2 million in funding through the issue of 200 million shares at $0.006 each, which will finance its upcoming drilling program at Mavis Lake and bolster general working capital. The placement price reflects a 14.3% discount compared to the company’s last traded share price, aiming to expand the company’s lithium exploration efforts. With drilling expected to commence shortly, the company is also exploring additional projects within the critical minerals sector.

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