Australian Critical Minerals Ltd (ASX:ACM), a Western Australian-based exploration entity focused on critical minerals, made its debut today on the Australian Securities Exchange (ASX).

The debut comes after the successful completion of an Initial Public Offering (IPO) where the company managed to raise $5 million, hitting the maximum subscription target.

ACM is an emerging critical minerals exploration company focused on projects to support the global transition away from fossil fuels. Its portfolio comprises six projects spanning 1,861 square kilometres across the Pilbara and Southwest Goldfields regions in the Tier-1 jurisdiction of Western Australia.

The IPO saw 25 million shares issued at $0.20 per share, providing the company with a market capitalisation of approximately $8.7 million at the IPO price.

Institutional and sophisticated investors demonstrated strong support for the offer, pushing demand well beyond the maximum subscription amount. State One Equities acted as the lead manager for the IPO.

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