Critica (ASX:CRI) has secured $300,000 in funding from the Minerals Research Institute of Western Australia (MRIWA) and the Curtin University-led Resources Technology and Critical Minerals (RTCM) Trailblazer programs.
The funding will accelerate understanding of mineral processing at the Jupiter Critical Minerals Project in Western Australia, including the investigation of alternative metallurgical methods such as rare earth element (REE) bioleach extraction.
The two grants will provide $150,000 each for research and development (R&D) activities, a move that aligns with Critica’s strategy to reduce technical risk while advancing Jupiter.
Critica is a partner of the Critical Metals for Critical Industries Cooperative Research Centre, which has received more than $53 million in funding from the Australian Government.
The company is focused on attracting non-dilutive funding opportunities and engaging with industry and government to obtain grants and strategic support for the Jupiter Project.
CEO Jacob Deysel says the company is “delighted” to receive support from the MRIWA, which represents third-party validation of the ongoing technical work conducted at Jupiter.
“The grant will accelerate additional metallurgical testwork, including evaluating bioleaching and optimising mineral processing pathways, as we continue to progress Jupiter toward the next phase of studies,” Deysel says.
“Importantly, this is non-dilutive, government-backed funding for R&D that supports disciplined technical de-risking and strengthens our development pathway.
“We remain focused on progressing Jupiter efficiently and creating long-term value for shareholders through targeted R&D, strategic partnerships, and active engagement with funding bodies.”
Critica is advancing the Jupiter Project in Western Australia with a focus on a mine-to-magnet plan to meet growing demand.
Write to Maddison Elliott at Mining.com.au
Images: Critica
