Critical Minerals Shares Fall Following $60M Private Placement

Dow Jones04-21

By Elias Schisgall

Shares of Critical Minerals fell after the company said it had raised around $60 million through a private placement.

The stock was down 9.3% to $10.83 as of late Tuesday morning. The stock has risen 56% this year.

The company said it sold about 6 million shares to institutional investors at a price of $10 each.

It said proceeds from the offering will be used for working capital purposes, including development work on its Tanbreez Project.

"This capital accelerates our expansion and positions CRML to emerge as a global leader in critical metals, while strengthening our foundation to create significant value for shareholders and the broader industry," Chief Executive Tony Sage said.

The offering is expected to close on or about Wednesday, the company said.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

April 21, 2026 11:47 ET (15:47 GMT)

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