CMG - Critical Minerals Group

[System]

Critical Minerals Group Limited (CMG) was formed to identify, secure, acquire and develop critical mineral resource tenements in proven regions of Australia.

The primary object of CMG is to focus on mineral exploration and development of resource opportunities that have the potential to deliver growth of CMG for the benefit of Shareholders. CMG is building a valuable position in the vanadium market. CMG owns a tenement in north-west Queensland located near the town of Julia Creek, which is its flagship project known as the Lindfield Project.

While the Lindfield Project is at the greenfield stage of exploration, it is located in an area that has evidence of vanadium targets either within the Lindfield Project or within the immediate area around the Lindfield Project. The Lindfield Project has a JORC Code inferred mineral resource of 210 mt @ 0.39% V2O5 (vanadium pentoxide).

It is anticipated that CMG will list on the ASX during September 2022.

Critical Minerals Group - Australian Vanadium Miners

We are an Australian battery metals company focused on meeting the growing demand for minerals critical to ensuring a carbon neutral future.

www.criticalmineralsgroup.com.au

 

[Dona Ferentes]

Listing date	27 September 2022 #
Contact details	Critical Minerals Group www.criticalmineralsgroup.com.au Ph: (07) 5555 5055
Principal Activities	Mineral exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	CMG
Capital to be Raised	$5,000,000
Expected offer close date	12 September 2022
Underwriter	Not underwritten. Vested Equities Pty Ltd and Harbury Advisors Pty Ltd (Joint Lead managers).

 

[greggles]

CMG just raised $2.5 million at 15c in an Entitlement Offer and the share price surged to 20c indicating to me that there is pent up demand for CMG shares at this level. Looking for this bullish momentum to continue in August.