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Critical Minerals Group Ltd. ( (AU:CMG) ) just unveiled an update.
Critical Minerals Group Limited announced a revision to its equity raising strategy, altering the offer price for its entitlement offer to $0.135 per new share. This change led to the cancellation of the previous offer, with a new announcement scheduled for April 24, 2025. This adjustment reflects the company’s strategic approach to optimize its capital raising efforts, potentially impacting its financial positioning and stakeholder interests.
More about Critical Minerals Group Ltd.
Critical Minerals Group Limited (CMG) is an exploration company focused on developing critical minerals projects in Australia. The company is actively building its position in the vanadium market with its flagship Lindfield Vanadium Project in north-west Queensland. CMG also has applications for copper-gold projects at Figtree Creek and Lorena Surrounds, aligning with its strategy to capitalize on the global transition towards renewable energy and the increasing demand for critical minerals.
YTD Price Performance: -15.62%
Average Trading Volume: 3,383
Technical Sentiment Signal: Buy
Current Market Cap: A$9.73M
Learn more about CMG stock on TipRanks’ Stock Analysis page.