CRI.ASX: Jupiter attracts MRIWA and Trailblazer Grant Funding

Jupiter attracts MRIWA and Trailblazer Grant Funding

Stock	CRI.ASX (CRI.ASX)
Release Time	20 May 2026, 9:14 a.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

CRITICA LIMITED Secures MRIWA and RTCM Trailblazer Grant Funding

Key Points

MRIWA and RTCM Trailblazer grant funding of $300,000 secured
Funding to accelerate Jupiter critical minerals project
Focus on alternative metallurgical methods, including REE bioleach extraction
Aligns with Critica's strategy to reduce technical risk and advance the project

Full Summary

Critica Limited (ASX: CRI) announced securing funding from the Minerals Research Institute of Western Australia (MRIWA) and Curtin University-led Resources Technology and Critical Minerals (RTCM) Trailblazer to accelerate the Jupiter critical minerals project. The $150,000 from MRIWA and $150,000 from RTCM Trailblazer provides a combined $300,000 in non-dilutive funding to support research and development (R&D) into mineral processing at the Jupiter REE Project. This funding will help investigate alternative metallurgical methods, such as REE bioleach extraction, and aligns with Critica's strategy to reduce technical risk and advance the project to build shareholder value.

Outlook

The funding will support additional metallurgical testwork, including evaluating bioleaching and optimizing mineral processing pathways.