Board Change • May 20
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director John Markovic is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Aankondiging • Apr 10
Critical Resources Limited has announced a Derivatives Offering in the amount of AUD 0.31941 million. Critical Resources Limited has announced a Derivatives Offering in the amount of AUD 0.31941 million.
Security Name: Loyalty Options
Security Type: Equity Option
Securities Offered: 319,409,560
Price\Range: AUD 0.001
Transaction Features: Rights Offering Aankondiging • Apr 09
Critical Resources Limited, Annual General Meeting, May 29, 2026 Critical Resources Limited, Annual General Meeting, May 29, 2026. Aankondiging • Apr 01
Critical Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.855 million. Critical Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.855 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 160,500,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Jan 29
Critical Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.75 million. Critical Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 175,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Subsequent Direct Listing Aankondiging • Mar 12
Critical Resources Limited Appoints Joshua Gordon as Non-Executive Director Critical Resources Limited announced the appointment of Mr. Joshua Gordon as Non-Executive Director of the Company, effective March 12, 2025. Mr. Joshua Gordon is an experienced corporate finance professional who has raised capital for many small and emerging resource and energy companies on the ASX. Mr. Gordon is well versed in all facets of the Equity Capital Market transaction lifecycle with deep experience in transaction origination, structuring, execution and distribution. Mr. Gordon holds a Bachelor or Commerce (Finance) from Monash University and a Master of Management (Accounting) from the University of Melbourne. Mr. Gordon is also a Non-Executive Director of Traka Resources Limited, Advance Metals Limited and Dalaroo Metals Ltd. Aankondiging • Feb 28
Critical Resources Limited Announces Board Changes Critical Resources Limited announced the appointment of Mr. Bilal Ahmad as Non-Executive Director and Chairman of the Company, effective February 28, 2025. Mr. Ahmad is an accomplished investor with a 15-year track record of strategic investments in ASX-listed companies and private ventures, focusing on the resources, technology, and life science sectors. He holds a Bachelor of Medicine and a Bachelor of Surgery and is also a director of Dalaroo Metals Ltd. Additionally, Mr. Robert Martin has resigned from his position as Non-Executive Chairman. Throughout his tenure, Mr. Martin provided valuable insights and guidance to the Company. New Risk • Oct 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (157% average daily change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (€9.73m market cap, or US$10.7m). New Risk • Oct 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.88m (US$9.83m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (157% average daily change). Revenue is less than US$1m. Market cap is less than US$10m (€8.88m market cap, or US$9.83m). Aankondiging • Sep 25
Critical Resources Limited, Annual General Meeting, Oct 25, 2024 Critical Resources Limited, Annual General Meeting, Oct 25, 2024. Location: the boorloo meeting room, ground floor, 108 st georges terrace, perth wa 6000, perth Australia Aankondiging • Aug 14
Critical Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2 million. Critical Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 183,333,333
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,666,667
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Apr 10
Critical Resources Limited, Annual General Meeting, May 30, 2024 Critical Resources Limited, Annual General Meeting, May 30, 2024. Aankondiging • Oct 10
Critical Resources Limited Appoints Nigel Broomham as Non-Executive Director Critical Resources Limited announced the appointment of senior geologist and highly experienced lithium professional, Nigel Broomham, as a Non-Executive Director. Mr. Broomham has over 12 years of experience, principally in hard rock lithium exploration, resource development and operations. He was most recently Head of Geology at ASX-100 lithium producer Pilbara Minerals, where he was extensively involved in the exploration and development of the world-class Pilgangoora Lithium-Tantalum Project in the Pilbara region of Western Australia. During his tenure at Pilbara Minerals, he lead the geology team from exploration through to production. In his current role as the General Manager Exploration for Battery Age Minerals, Mr. Broomham has gained considerable experience in hard-rock lithium exploration in Canada. Mr. Broomham holds a Bachelor of Science (Hons), Geology and Resource Economics from the University of Western Australia and is a member of AusIMM and the Australian Institute of Geoscientists (AIG). New Risk • Sep 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€41.3m market cap, or US$44.2m). Aankondiging • Aug 08
Critical Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 10.165963 million. Critical Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 10.165963 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 129,161,955
Price\Range: AUD 0.0609
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 51,111,111
Price\Range: AUD 0.045
Transaction Features: Subsequent Direct Listing Aankondiging • Jul 28
Critical Resources Limited announced that it expects to receive AUD 2.3 million in funding Critical Resources Limited announced a private placement of 51,111,111 common shares at an issue price of AUD 0.0450 per share for gross proceeds of AUD 2,300,000 on July 27, 2023. The transaction will include participation from select institutional and sophisticated investors. Aankondiging • Jun 13
Critical Resources Limited Appoints Anthony Tse as Strategic Advisor Critical Resources Limited announce the appointment of lithium industry expert, Anthony Tse, as a Strategic Advisor to the Board. Mr. Tse is the former Managing Director and Chief Executive Officer of Galaxy Resources, where he served on the Board for 11 years. During his tenure as the CEO of Galaxy, Mr. Tse managed a global portfolio of assets, including the mining operations at the Mount Cattlin hard rock lithium project, development projects in the James Bay region of Canada and the Argentina Sal de Vida lithium-brine project. Mr. Tse also oversaw the building of one of the largest most technologically advanced lithium conversion facilities in China (Jiangsu chemical refinery). During his tenure, Galaxy grew from an initial AUD 30 million market capitalization to just under AUD 10 billion following a merger with Orocobre to form Allkem in late 2021. Allkem is now one of the world's top-tier lithium producers and recently announced its intention to merge with US- based Livent to become a leading global lithium chemical company with a value of approximately AUD 15.7 billion. Mr. Tse is a Director on the Board of Li-Cycle Corp. one of the leading lithium battery recycling and resource recovery companies in North America, and Li-Metal Corp. a developer of lithium metal and anode technologies for next generation lithium-based solid-state batteries. He is also a Senior Advisor to Sicona Battery Technologies, a developer of silicon-based materials for next generation lithium battery anode technologies. In addition to his active industry participation responsibilities, Mr. Tse is an Operating Partner for the Global Private Equity Group of Franklin Templeton and a Senior Advisor to the EMR Capital group of portfolio companies. Aankondiging • Feb 16
Critical Resources Limited Announces Drilling Identifies New Mineralised Zone South of Mavis Lake Critical Resources Limited announced further exceptional spodumene-bearing pegmatite intercepts from recent drilling at Mavis Lake. Additionally, the results identify a new mineralised zone located ~300m south of the Main Zone at Company's 100% owned Mavis Lake Lithium Project in Ontario, Canada. The Company recommenced drilling in early January 2023 with two drill rigs focusing on different areas at Mavis Lake. The recent results extend the known mineralisation of the Main Zone down dip, and confirms that mineralisation remains open at depth. The results also confirms a new mineralisation area to the south of the Main Zone. The successful drilling of the South Zone highlights the continued potential for scale and growth at Mavs Lake with multiple, mapped, spodumene-bearing outcrops yet to be drill tested. All drill results will be incorporated in a Maiden Mineral Resources Estimate which is currently being developed. The Company continues drilling at Mavis Lake and has also commenced baseline technical and environmental studies and assessments to support the preparation of a Scoping Study for the Mavis Lake Project. The Company is awaiting assays from samples collected from over 50 individual drill holes (including samples generated from drilling in late 2022). Aankondiging • Feb 09
Critical Resources Limited Announces High Grade Low Impurity Spodumene Concentrate Produced At Mavis Lake Lithium Project in Ontario, Canada Critical Resources Limited announced that exceptional grade, low-impurity, coarse spodumene concentrate has been produced from its 100%-owned Mavis Lake Lithium project in Ontario, Canada. Test Work Program: The scope of the first tranche of test work was deliberately constrained to basic heavy liquid separation (HLS) and magnetic separation. The purpose of the test work was to provide a preliminary indication of the lithium beneficiation performance by utilising dense media separation (DMS). HLS test work was undertaken by SGS Canada at their Lakefield facility in Ontario, with supervision in Australia by technical consultants MineScope Services. The sample suite for the test work program, was focused on representative samples from the Mavis Lake mineralised zone. A total of 50 quarter-and-half core samples, from seven drill holes, were selected to provide a wide range of spatial locations, lithia grades, lithologies, spodumene intersection depths and also account for typical mining dilution. The samples were delivered to SGS and compiled to create two composites, being a representative grade composite (SGS assays confirmed 1.2% Li2O) and a high-grade composite (SGS assays confirmed 1.6% Li2O). The first tranche of testing was deliberately constrained to basic HLS and magnetic separation, with subsequent optimisation and flotation test work now being scheduled. The HLS result shows a strong potential to use DMS as the primary beneficiation method. Future Work: Further metallurgical test work is being scheduled to test the full potential of lithium liberation from Mavis Lake feed material. This may include HLS test work at finer crush sizes as well as flotation of ground middlings and tailings from raw material crushing/HLS processing. The Company expects to be able to update the market on further outcomes of the metallurgical test work, including recovery/yield estimates, in the coming months. The Company has also commenced permitting to allow bulk sample collection which it intends to complete during the Canadian summer. The bulk samples will allow for the conduct of further additional and extensive test work programs aimed at optimising and rigorously testing future flowsheet design. Aankondiging • Feb 03
Critical Resources Limited Commences Scoping Study for Mavis Lake Lithium Project Critical Resources Limited announced the commencement of a Scoping Study for the Company's 100% owned Mavis Lake Lithium project in Ontario, Canada. Leading resources consultancy and lithium project specialist, Wave International have been appointed to undertake the Study, which will seek to define the process and non-process infrastructure requirements for Mavis Lake, as well as the preliminary estimated capital and operating costs for the Project. The study will address specific project development, delivery and operating considerations including (but not limited to) permitting and approvals, mine planning, beneficiation flowsheet, risk management, sustainability measures and product logistics. The Study will be managed by Wave in consultation with select subject matter experts and Critical Resources management team. The outcomes of the Study will form the basis of future feasibility studies and preliminary economic assessment for Mavis Lake. Importantly, the Study will provide initial indications of the Project valuation matrix and optimisation and forward-work plan required to bring Mavis Lake into production. Critical Resources expects the Scoping Study to be finalised by the middle of CY2023 and is responsible for providing key input to Wave in order to meet this high-level schedule. Project kick off will be conducted next week and a detailed schedule will be developed in short order. The Company notes that the favourable completion of its initial metallurgical test work and the delimitation of a maiden Mineral Resource Estimate are key inputs into the Scoping Study. With these studies underway, the Company is seeking to build on the projects momentum and commence the scoping study works in parallel. The Company will provide updates on the scoping study and key inputs over the following months. Aankondiging • Jan 23
Critical Resources Limited Announces First Concentrate Production from Mavis Lake Test Work Program Critical Resources Limited provided an update on metallurgical test work being undertaken by SGS Canada. Test Work Program: To support a future scoping study, the Company commissioned SGS to conduct basic heavy liquid separation (HLS) and magnetic separation test work program. The purpose of the test work is to determine the amenability of Mavis Lake Spodumene for dense media separation (DMS) processing. Mineralogical assessments will also be undertaken to better understand the presence and impact of deleterious minerals on final product quality and the mineralogical drivers of DMS processing efficacy. In designing the sample suite for the test work program, focus was placed on representing the known Mavis Lake mineralised zone as accurately as possible. A total of 50 quarter and half core samples, from seven drill holes, were selected to provide a wide range of spatial locations, lithia grades, lithologies, spodumene intersection depths and also account for typical mining dilution. The samples were delivered to SGS and compiled to create two composites, being a representative grade composite (SGS assays confirmed 1.2% Li2O) and a high-grade composite (SGS assays confirmed 1.6% Li2O). First Concentrate: The Company received confirmation from SGS that the first series of test work has been completed on the high-grade composite. Test work on the representative-grade composite is due to commence shortly. Once all test work has been completed, final products will be assayed to determine concentrate grade, impurity profile and recovery/yield estimates. Future Work: The current test work program will continue through to mid-February, with final results expected to be made available to the Company towards the end of First Quarter CY23. The test work program is a key step towards initial scoping study work for the Mavis Lake Project, the Company will provide further updates on the next phase of development in the coming weeks. Aankondiging • Jan 12
Critical Resources Limited Announces Commencement of Its 2023 Drilling Campaign at Mavis Lake Critical Resources Limited announced the commencement of its 2023 drilling campaign at Mavis Lake. The Company aims to complete a minimum 20,000m of diamond core drilling, building on the achievements of the 2022 program. The drill program is currently utilizing two diamond drill rigs, with the first drill rig focused on extension drilling of the Main Zone, with the second rig to be utilized for both extension drilling together with testing multiple mapped, outcropping spodumene-bearing pegmatites located within the vicinity of the Mavis Lake Main Zone. Drill Rig 1 commenced drilling at Mavis Lake on 10 January 2023, Drill Rig 2 mobilized to Mavis Lake on 9 January 2023 and is scheduled to commence drilling within the next 1-2 days. Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Chairman Rob Martin is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Apr 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Jihad Malaeb is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Aankondiging • Jan 24
Critical Resources Limited Stakes 700 Ha of Additional Claims Around Graphic Lake Project, Canada Critical Resources Limited has staked 700 Ha of additional claims around its 100% owned Graphic Lake project in Ontario, Canada. A total of 700 Ha of claims have been staked around the Graphic Lake project. Discussions are ongoing to consolidate more claims in the Graphic Lake area. The purpose of increasing the landholding at Graphic Lake is to ensure the necessary landholding rights are held by the Company to capture any potential NE/SW trend of the pegmatite field. By encapsulating the observed trend, the full potential of this underexplored pegmatite area may be assessed. Cautionary Statement: The final acquisition of the Graphic Lake project including the 700 Ha of claims staked (the subject of this announcement), are subject to Canadian Investment Review Board Approval. The Company will provide the market with an update in due course. Project Overview: The Graphic Lake Project is 55km south-east of Kenora, Ontario. The Project is dissected by the Trans- Canadian Highway, providing key links to larger cities such as Thunder Bay, Ontario to the southwest and Winnipeg, Manitoba, to the west. The region is an emerging lithium province with multiple projects across the region. The Project is situated in the Sioux Lookout Domain of the Wabigoon Terrane in north-west Ontario. The claims comprise a pegmatite swarm trending NE/SW with a width of 300m and estimated strike of 5.5km. These pegmatites are observed to follow the foliation of the Royal Island group metasedimentary host rocks. Aankondiging • Jan 20
Critical Resources Limited Announces Assay Results Confirm High Grade Lithium At Mavis Lake Critical Resources Limited advised that it has received assays from verfication sampling of drill core and pegmatite outcrop rock chip samples from its 100% owned Mavis Lake project in Ontario, Canada. The verification assays confirm the presence of high grade lithium mineralisation both in historic drill core and new rock chip samples at the Pegmatite 6 (Fairservice) and Pegmatite 18 prospects. The company has received assays which were completed as part of the due diligence work program at Mavis Lake. The verification samples have returned assays up to 3.06% Li 2O and confirm the highly prospective nature of the Mavis Lake project. Mavis Lake Project Description: The Mavis Lake Lithium Project is located approximately 20 kilometres east of the town of Dryden, Ontario. The Project is in close vicinity to the Trans-Canada highway and railway, with major transportation arteries linking the project areas with large cities such as Thunder Bay, Ontario to the southeast and Winnipeg, Manitoba, to the west. The region boasts excellent infrastructure with hydro-power located a few kilometres to the south-west of the project. The region is a well-established lithium exploration and development province, with multiple projects located within the vicinity. Previous drill programs have yielded high-grade Li2O intercepts including 55.25m at 1.04% Li2O from 80.75m in drill hole MF18-53 and 26.30m at 1.70% Li2O from 111.9m inc. 7.70m at 2.97% Li2O from 130.5m in drill hole MF17491, presenting significant exploration potential. Aankondiging • Jan 18
Critical Resources Limited (ASX:CRR) agreed to acquire Critical Resources Limited (ASX:CRR) for AUD 0.2 million from David Paul Clement and Troy Albert Gallik having 50% stakes individually. Critical Resources Limited (ASX:CRR) agreed to acquire Critical Resources Limited (ASX:CRR) for AUD 0.2 million from David Paul Clement and Troy Albert Gallik having 50% stakes individually on January 18, 2022. The consideration consists of cash payment of AUD 0.08 million (AUD 0.01 million paid as an option fee), AUD 0.12 million ordinary shares in Critical Resources Limited, and 1.5% Net Smelter Royalty capped at CAD 0.5 million with the option to purchase at any time for CAD 0.5 million. The transaction is subject to Canadian Investment Review Board Approval.