$1.6M Placement to Advance Exploration & Technology Programs

• $1.6 million placement to fund exploration and technology programs
• Exploration focus on New Zealand, Canada, and Australia
• Technology programs include battery materials and thermal management

Critical Resources Limited has secured firm commitments for a $1.6 million placement from professional and sophisticated investors to fund its exploration and technology programs. The funds will be applied across its mineral projects in New Zealand, Canada, and Australia, with a particular focus on gold, tungsten, and antimony exploration. Additionally, the placement will support the company's battery materials and thermal management technology programs. The placement comprises two tranches, with directors intending to subscribe for $475,000, subject to shareholder approval.

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Critical Resources aims to leverage the placement funds to accelerate exploration and technology development, with ongoing research collaborations and potential for future project acquisitions.