Critical Metals gains on $50 million PIPE financing

Critical Metals

16/10/2025 13:17

** Shares of mining company Critical Metals CRML.O rise ~13% to $24.9 premarket

** CRML says it will raise $50 million through a private investment in public equity (PIPE) deal with an institutional investor

** Co will use net proceeds to fund its Tanbreez rare earth deposit in Greenland

** Up to last close, stock up 234.6% YTD

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))