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Critical Resources completes 12.5 million financing to accelerate work at Mavis Lake and Halls Peak

Critical Resources completes 12.5 million financing to accelerate work at Mavis Lake and Halls Peak

Critical Resources Ltd (ASX:CRR) Managing Director Alex Biggs joined Steve Darling from Proactive to share news the company has completed a placement of 12.5 million Australian dollars with Canaccord Genuity (TSX:CF, LSE:CF) and Sixty Two Capital with the lead. Biggs telling Proactive the company plans to use the funds to accelerate exploration and development with a focus on the Mavis Lake and Graphic Lake lithium projects in Ontario, Canada and the Halls Peak base metals project in New South Wales, Australia.