Critical Metals announces $22.5m financing, shares plummet
Critical Metals will issue 4.5 million shares with an offer of $5.00 per share, a significant discount (over 43%) to its opening price Thursday.
As Molycorp refurbishes and ramps up its Mountain Pass facility, the company hopes the acquisition of Estonia’s AS Silmet provides a short-term production boost along with long-term REO product diversification.