Critical metals explorer Australian Critical Minerals is primed to hit the ASX next month, with its IPO having been fully subscribed and raising the maximum of $5 million dollars after receiving demand well over the maximum subscription amount as investors took note of the explorers promising projects.

Looking to List

The Company plans to list under the ticker ACM in the first week of July, with its IPO led by State One Equities, seeing the Company issue 25,000,000 new ordinary shares at a price of $0.20 per Share.

This offer was strongly supported by institutions and sophisticated investors, with investor demand surpassing the maximum subscription amount, and reflects their confidence in the explorer’s 1861 square kilometre portfolio which is highly prospective for lithium, tantalum, gold, iron ore, rare earth oxides as it hits the market at a critical time.

ACM will waste no time validating the faith of investors, with the explorer planning to use funds from the raising to commence exploration at its Rankin Dome and Cooletha Projects immediately upon listing.

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