Critical Minerals Group Secures Funding for Vanadium Facility

Critical Minerals Group Ltd. (AU:CMG) has released an update.

Critical Minerals Group Ltd. (ASX:CMG) has secured a $2 million grant from the Queensland government to develop a vanadium electrolyte manufacturing facility, boosting its ambitions in battery technology. Additionally, the company raised approximately $2.5 million through a fully underwritten entitlement offer to support its vanadium electrolyte business and related projects. This funding and strategic development position CMG as a promising player in the critical minerals sector, particularly in the burgeoning battery storage market.

For further insights into AU:CMG stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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