12:27 PM EST, 02/06/2025 (MT Newswires) -- Critical Metals (CRML) shares fell by nearly 30% in recent Thursday trading after the company said it was raising $22.5 million via a private investment in public equity financing program.

Critical Metals will issue 4.5 million shares at $5 each to investors, and an equal number of warrants that would be exercisable at $7 each.

The financing is expected to close Friday and will help raise funds to advance the Tanbreez rare earths project in Greenland and the Wolfsberg lithium project in Austria, Critical Metals said.

Price: 6.16, Change: -2.56, Percent Change: -29.37