Critical Minerals Group Secures $2M to Propel Lindfield Vanadium Project
Critical Minerals Group has raised $2 million through a placement to accelerate key development milestones for its Lindfield Vanadium Project and vanadium flow battery supply chain.
- Binding commitments for $2 million capital raising at $0.15 per share
- Placement includes 1-for-1 attaching options exercisable at $0.205
- Funds to complete Lindfield pre-feasibility study and pilot plant testing
- Development of vanadium electrolyte facility and BESS pilot deployments supported
- Related party participation subject to shareholder approval
Capital Raising to Accelerate Vanadium Project
Critical Minerals Group Limited (ASX, CMG) has announced a $2 million capital raising through a single tranche placement priced at $0.15 per share. This funding round, which includes attaching options exercisable at $0.205, is designed to fast-track the development of the Lindfield Vanadium Project and its associated vanadium flow battery (VFB) supply chain.
The placement will see approximately 13.33 million new ordinary shares issued to sophisticated and professional investors, with related party participation requiring shareholder approval. The company expects the new shares to commence trading on 20 November 2025.
Strategic Use of Funds
The proceeds will be allocated to several critical areas, completing the Lindfield Vanadium Project pre-feasibility study and advancing towards a bankable feasibility study; finalising pilot plant testing and bulk sample extraction; and continuing the development of the vanadium electrolyte manufacturing facility in Logan, South East Queensland. Additionally, funds will support pilot deployments of Battery Energy Storage Systems (BESS), environmental studies, approvals, and mining lease applications.
Managing Director Scott Winter highlighted the capital raise as a strong endorsement of CMG’s integrated approach to establishing a vanadium supply chain that supports VFB implementation not only in Australia’s National Electricity Market (NEM) and Wholesale Electricity Market (WEM) but also in international markets including the UK, EU, and UAE.
Market Position and Future Outlook
CMG’s strategy aligns closely with the global energy transition, aiming to become a leading provider of sustainable energy storage solutions. The company’s vertically integrated model spans from vanadium mining in North Queensland’s Julia Creek region to electrolyte manufacturing and energy storage system deployment in Queensland.
The capital raise also positions CMG to engage in final investment decision (FID) and project funding discussions targeted for mid-2026, signaling a critical phase in moving from development to potential commercialisation.
While the placement price reflects a discount to recent trading prices, the inclusion of attaching options offers investors potential upside. However, the final issuance of options and related party shares remains contingent on shareholder approval, introducing an element of uncertainty.
Bottom Line?
This capital injection sets CMG on a clear path to advance its vanadium project milestones, with market watchers keenly awaiting feasibility outcomes and shareholder meeting decisions.
Questions in the middle?
- Will shareholder approval for related party participation and options be secured smoothly?
- How will the pilot plant testing results influence the timeline for the bankable feasibility study?
- What impact might the capital raising have on CMG’s share price and investor sentiment in the near term?
