How to buy shares in Critical Minerals Group

Critical Minerals Group has launched onto the ASX following a $5m raise to fund development at its Lindfield vanadium project in Queensland. 

Vanadium is a metal that resists corrosion, with about 80% of all vanadium produced used as a steel additive. It can be used to make steel alloys for space vehicles, high-speed tool steels and even nuclear reactors. 

But it also has another use as a battery metal. Currently it represents just 10% of the stationary battery market, but is becoming a key resource as the world moves towards electrification. 

Global production of vanadium is expected to increase by as much as 50% by 2030, and Critical Minerals is hoping to find plenty at its Lindfield project. 

It will use the proceeds from the IPO to fund bulk ore sample collection, adding its existing resources and pilot plan work. 

The project in Lindfield is close to main infrastructure facilities and even has access to both a highway and railway line at the southern end. 

The company also has other tenements, with its Figtree Creek and Lorena Surrounds both showing traces of copper-gold to support the focus on critical minerals. 

These two tenements are near a number of advanced copper-gold projects, with several samples showing anomalous copper and gold assays. 

Critical Minerals Group is now available to trade on Stake under the ticker $CMG.