Critical Minerals Group Limited (ASX:CMG)

ALERT: Price-sensitive ASX Announcement for CMG

Current share price for CMG : $0.084 -0.091 (-52%)⁺

Announcement

$2M Capital Raising to Accelerate

Release

11 Nov 2025 10:25AM

Price at Release

$0.175

Full Release

Summary

Critical Minerals Group Limited (CMG) has successfully raised $2 million through a single tranche placement at $0.15 per share, with each share accompanied by a free attaching option exercisable at $0.205. The capital will be utilized to complete the Lindfield Vanadium Project Pre-Feasibility Study, pilot plant testing, and the development of a vanadium electrolyte facility in Queensland. Additionally, the funds will support the advancement of Battery Energy Storage System (BESS) projects, environmental studies, and mining lease applications. The placement was managed by Ignite Equity Pty Ltd and GBA Capital, indicating strong investor confidence in CMG's integrated vanadium supply chain strategy.

Key Points

Critical Minerals Group Limited (CMG) has raised $2 million.
The capital is raised through a single tranche placement at $0.15 per share.
Placement includes 1 for 1 attaching options, exercisable at $0.205.
Proceeds will support the Lindfield Vanadium Project and related initiatives.
Funds will facilitate the completion of the Lindfield Pre-Feasibility Study.
Development of vanadium electrolyte facility and Battery Energy Storage System (BESS) projects will progress.
Capital will also advance environmental studies and mining lease applications.
The placement was jointly led by Ignite Equity Pty Ltd and GBA Capital.
Quotation for New Shares is expected to commence on 20 November 2025.
The placement demonstrates confidence in CMG's integrated vanadium supply chain strategy.

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.