Critical Resources launches Loyalty Options Offer to reward shareholders and support funding flexibility

Details of the Loyalty Options Offer

Critical Resources Limited (ASX:CRR) has outlined a new Loyalty Options Offer designed to issue one Loyalty Option for every ten fully paid ordinary shares held by eligible shareholders as of the record date. Each Loyalty Option will be priced at $0.001 and will be exercisable at $0.008, with an expiry date set for 5:00pm AWST on 23 April 2028. The offer is primarily aimed at shareholders in Australia and New Zealand, with the possibility of extending to other jurisdictions.

The company intends to seek official quotation of these Loyalty Options on the ASX under the security code CRRAC, alongside existing unquoted options issued on the same terms. The options will initially trade on a deferred settlement basis until ASX confirms compliance with its spread requirements.

Strategic rationale and shareholder alignment

Managing Director Tim Wither commented that the Loyalty Options Offer is intended to recognise the ongoing support of shareholders and align their interests with the company’s long-term growth strategy. He also noted that the offer provides Critical Resources with potential flexibility for future funding, which could support its exploration and development activities.

This initiative follows a period of active exploration and capital raising for Critical Resources, including a recent $1.75 million placement in January 2026 to fund exploration at its New Zealand projects. The company has been advancing ground exploration at its Lammerlaw and Croesus projects, targeting high-grade gold and tungsten mineralisation, with initial results expected in the coming months. These developments underscore the company’s focus on critical metals and battery technology minerals essential to sustainable energy futures.

Indicative timetable and procedural notes

The company has provided an indicative timetable for the offer process, starting with the lodgment of the prospectus with ASIC and ASX on 4 May 2026. The ex-date is scheduled for 7 May, with the record date for entitlement determination on 8 May. Prospectus dispatch to shareholders is expected by 13 May, with the closing date for acceptances on 22 May. Securities will be quoted on a deferred settlement basis from 25 May, with results announced and securities issued by 29 May. Holding statements are planned for dispatch on 1 June.

Critical Resources retains discretion to vary these dates subject to regulatory requirements and market conditions. The terms and conditions of the Loyalty Options Offer will be detailed in the prospectus, which will be made available on the company’s ASX announcement platform.

Broader company activities and outlook

Critical Resources is actively progressing its portfolio, which includes the Mavis Lake Lithium Project in Ontario, Canada, the Halls Peak Base Metals Project in New South Wales, and a growing gold portfolio in New Zealand. The company’s recent exploration efforts in New Zealand, particularly at the Lammerlaw and Croesus projects, have targeted high-grade mineralisation, including tungsten grades up to 42.6% WO3 and a significant gold-antimony trend. These initiatives were supported by the January 2026 capital raise and reflect the company’s strategic focus on critical metals and next-generation battery technologies.

Investors and market observers may find it useful to consider this Loyalty Options Offer in the context of Critical Resources’ ongoing exploration progress and capital management strategy, as well as the company’s recent advances in New Zealand exploration which highlight its commitment to unlocking value from its mineral assets.