How to buy Australian Critical Minerals (ACM) Shares
The mining company is looking at six potential metal projects in Western Australia.
Want to start buying ACM shares but not sure how? Follow the steps below to invest in Australian Critical Minerals on the ASX.
1. Find a stock trading platform
To buy shares listed in Australia, you'll need to sign up with an investment platform that has access to the ASX. There are a number of share trading platforms in Australia, of which Stake is one.
2. Fund your account
Complete an application with your personal and financial details. Fund your investment account with a bank transfer, debit card or even Apple/Google pay.
3. Search for Australian Critical Minerals ($ACM)
Find the share by company name or ticker symbol: $ACM. Do your own research to ensure it is the right investment product for your own circumstances.
4. Choose an order type and buy ACM stock
Buy on any trading day with a market order or use a limit order to delay your purchase of ACM shares until it reaches your desired stock price. Look into dollar cost averaging to spread out your risk, which smooths out buying at consistent intervals.
5. Monitor your investment
Optimise your portfolio by tracking how your stock and the business perform with an eye on the long term. You may be eligible for dividends and shareholder voting rights that affect your stock.
Australian Critical Minerals overview
Australian Critical Minerals is targeting a number of critical minerals like lithium and rare earth elements. With funds from their recent ASX IPO, the business plans to investigate the potential of developing its six projects. They’re located across 1,861 km2 of landholdings in Western Australia.
They are exploring for lithium at the Cooletha Project in the Pilbara Region. Initial work indicates there might also be gold, iron ore and tantalum at the site. It shows similarities to Global Lithium’s ($GL1) Marble Bar Lithium Project.
Cooletha is in the same area as major lithium mines such as Mineral Resources’ ($MIN) Wodgina and Pilbara Minerals’ ($PLS) Pilgangoora. The Shaw Project is also located in this region. This asset could contain iron ore and gold.
The firm’s four remaining projects are in the south-western part of the state. They’ve gained permission to start a drill campaign at Rankin Dome, which is near the established mining centre of Southern Cross. As part of an agreement with Kula Gold ($KGD), the team will study whether the site contains rare earth elements.
They are looking for kaolin at their other three assets. These projects are named Beverley, Kondinin and Kojonup. This type of clay mineral has various industrial uses, ranging from being an ingredient in ceramics, medications, foods and in light bulbs.
Metakaolin can be used as a substitute for cement and can help lower carbon emissions during the concrete making process. This fits with the business’s strategy to develop sources of minerals required to support the transition to a greener world.
Australian Critical Minerals could provide investors with exposure to multiple metals. However, their projects are at a relatively early stage, and many things could change before they establish a path to development.
Australian Critical Minerals (ACM) IPO details
Australian Critical Minerals has filed its prospectus with the Australian Securities and Investments Commission (ASIC) in order to be listed on the ASX using the ticker symbol ACM. Read more in the Australian Critical Minerals prospectus.
Retail offer opened
Retail offer closed
Total number of shares in offer
Funds raised in IPO
ASX listing date
You can take a look at the top shareholders in ACM in this document.
If you're considering investing in the Australian Critical Minerals listing or other upcoming IPOs, sign up today.
This article focuses on how to buy specific securities, however, it is not a recommendation to invest in them and should not be taken as financial advice. Do your own research and make your own decisions, or even consider getting advice from a licensed financial adviser before investing.
Megan is a markets analyst at Stake, with 7 years of experience in the world of investing and a Master’s degree in Business and Economics from The University of Sydney Business School. Megan has extensive knowledge of the UK markets, working as an analyst at ARCH Emerging Markets - a UK investment advisory platform focused on private equity. Previously she also worked as an analyst at Australian robo advisor Stockspot, where she researched ASX listed equities and helped construct the company's portfolios.