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Critical Resources Secures AUD$10.2M to Advance Resource Growth at Mavis Lake Lithium Project — ASX:CRR| ASX Mining News & Discussion
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$CRR Critical Resources Secures AUD$10.2M to Advance Resource Growth at Mavis Lake Lithium Project
Critical Resources, a leading Australian exploration and development company, has raised AUD$10.2M through a combination of institutional placement and flow-through shares. The capital raising will enable the company to continue focusing on the resource growth and development works at its 100% owned Mavis Lake Lithium Project.

Flow-Through Shares to Finance Drilling Campaign

The company is set to raise AUD$7.9M through the "flow-through shares" provisions under Canadian tax law. The flow-through shares, priced at AUD$0.0609 per share, will be immediately sold through a block trade agreement to select institutional and sophisticated investors. The funds raised through the flow-through shares will finance the company through an 18-month drilling campaign at Mavis Lake, with a focus on extending the current 8.0Mt @1.07% Mineral Resource Estimate.

Using the flow-through provisions will allow Critical Resources to minimise issued capital dilution while keeping the focus on its exploration efforts.

Institutional Placement to Cover Corporate Costs

In addition to the flow-through shares, ...
Critical Resources Secures AUD$10.2M to Advance Resource Growth at Mavis Lake Lithium Project

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?