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Australian Critical Minerals

Australian Critical Minerals Hit the Boards Following $5m IPO

Australian Critical Minerals (ASX: ACM) has brought its exciting portfolio of critical-metal projects to investors having hit the ASX and commenced trading today, with the Company now looking ahead as it plans to make the most of its fully subscribed $5 million dollar IPO and its promising projects.

Cashed Up

Following the completion of its IPO last week where it issued 25,000,000 shares at a price of $0.20 per share, the Company now holds a market cap of approximately $8.7 million at the IPO price, with this IPO being strongly supported by institutions and sophisticated investors and investor demand surpassing the maximum subscription amount as investors noted its powerful portfolio.

The explorer’s portfolio comprises 1861 square kilometres of Western Australia’s renowned Pilbara and Southwest Goldfields regions, with its projects focused on delivering the critical minerals required for the global transition away from fossil fuels such as lithium, tantalum, rare earth elements and kaolin.

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