Critical Metals Shares Decline on Private Placement Agreement

Dow Jones

Feb 07, 2025

By Josh Beckerman

Critical Metals shares declined after the company announced an agreement for about $22.5 million of private placement equity financing.

The stock was recently down 29% to $6.15 and is down about 9% this year.

Critical Metals said the agreement will enable it to continue funding development plans for the Tanbreez Rare Earths Project in Greenland and the Wolfsberg Lithium Project in Austria.

The company is issuing about 4.5 million ordinary shares issued at an offer price of $5 each and warrants in an amount equal to 100% of the shares.

In connection with the transaction, Critical Metals agreed to remove anti-dilution provisions from certain senior convertible notes it plans to issue.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

February 06, 2025 13:34 ET (18:34 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2509295207"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2509295207\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2509295207?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-07 02:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2509295207","market":"hk","top_or_hot":-1,"title":"Critical Metals Shares Decline on Private Placement Agreement","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n   By Josh Beckerman \n</p>\n<p>\n  Critical Metals shares declined after the company announced an agreement for about $22.5 million of private placement equity financing. \n</p>\n<p>\n  The stock was recently down 29% to $6.15 and is down about 9% this year. \n</p>\n<p>\n  Critical Metals said the agreement will enable it to continue funding development plans for the Tanbreez Rare Earths Project in Greenland and the Wolfsberg Lithium Project in Austria. \n</p>\n<p>\n  The company is issuing about 4.5 million ordinary shares issued at an offer price of $5 each and warrants in an amount equal to 100% of the shares. \n</p>\n<p>\n  In connection with the transaction, Critical Metals agreed to remove anti-dilution provisions from certain senior convertible notes it plans to issue. \n</p>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2025 13:34 ET (18:34 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Critical Metals Shares Decline on Private Placement Agreement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCritical Metals Shares Decline on Private Placement Agreement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-07 02:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n   By Josh Beckerman \n</p>\n<p>\n  Critical Metals shares declined after the company announced an agreement for about $22.5 million of private placement equity financing. \n</p>\n<p>\n  The stock was recently down 29% to $6.15 and is down about 9% this year. \n</p>\n<p>\n  Critical Metals said the agreement will enable it to continue funding development plans for the Tanbreez Rare Earths Project in Greenland and the Wolfsberg Lithium Project in Austria. \n</p>\n<p>\n  The company is issuing about 4.5 million ordinary shares issued at an offer price of $5 each and warrants in an amount equal to 100% of the shares. \n</p>\n<p>\n  In connection with the transaction, Critical Metals agreed to remove anti-dilution provisions from certain senior convertible notes it plans to issue. \n</p>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2025 13:34 ET (18:34 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4168","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509295207","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509295207","pubTimestamp":1738866840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Critical Metals shares declined after the company announced an agreement for about $22.5 million of private placement equity financing.The stock was recently down 29% to $6.15 and is down about 9% this year.Critical Metals said the agreement will enable it to continue funding development plans for the Tanbreez Rare Earths Project in Greenland and the Wolfsberg Lithium Project in Austria.The company is issuing about 4.5 million ordinary shares issued at an offer price of $5 each and warrants in an amount equal to 100% of the shares.In connection with the transaction, Critical Metals agreed to remove anti-dilution provisions from certain senior convertible notes it plans to issue.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4168":"多种金属与采矿","CRML":"CRITICAL METALS CORPORATION"},"translate_title":"Critical Metals股价因私募协议下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRML":0.9},"content_text":"By Josh Beckerman \n\n\n  Critical Metals shares declined after the company announced an agreement for about $22.5 million of private placement equity financing. \n\n\n  The stock was recently down 29% to $6.15 and is down about 9% this year. \n\n\n  Critical Metals said the agreement will enable it to continue funding development plans for the Tanbreez Rare Earths Project in Greenland and the Wolfsberg Lithium Project in Austria. \n\n\n  The company is issuing about 4.5 million ordinary shares issued at an offer price of $5 each and warrants in an amount equal to 100% of the shares. \n\n\n  In connection with the transaction, Critical Metals agreed to remove anti-dilution provisions from certain senior convertible notes it plans to issue. \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 06, 2025 13:34 ET (18:34 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}