Critical Reagent Announces Clarification of Proposed Non-Brokered Private Placement
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Critical Reagent Announces Clarification of Proposed Non‐Brokered Private Placement
March 12, 2025 / Vancouver, British Columbia / Critical Reagent Processing Corp. (CSE: CRPC) (OTC: GRXXF) (Frankfurt: G0A) announces that further to its news release of March 11, 2025 which announced the proposed consolidation and private placement, and at the request of the Canadian Securities Exchange, the Company is revising its placement terms. Subject to regulatory approval, the new terms for the non‐brokered private placement on a post‐consolidated basis, will be up to three million (3,000,000) post‐consolidated units of the Company (the “Units”) at CAD$0.075 per Unit for gross proceeds of up to $225,000. Each Unit will consist of one Share and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share at a strike price of CAD$0.10 for a period of five years from the closing. No control person is anticipated to be created on closing of the financing and no finder’s fee will be payable. The private placement is fully subscribed.
Proceeds from the placement will be used to continue evaluation of the current Laguna Santa Maria Project, to pursue other acquisitions and for general working capital.
All securities issued will be subject to a statutory hold period of four months from closing of the financing in accordance with applicable securities legislation.
About Critical Reagent Processing Corp.
Critical Reagent Processing Corp. (CRPC) has completed its purchase option agreement to acquire up to a 100% interest in the Mina Laguna Santa Maria project, which consists of two mining concessions licensed for the production of sodium carbonate, “Soda Ash”. Pursuant to the option agreement, the Company is now the holder of 100% of No 17.643 Ignacio VI and 86% of No 1.255 Santa Maria and has filed documentation to obtain the remaining 14% of No 1.255 Santa Maria, located in Salta Province, Argentina. The 500-hectare property hosts a natural deposit of sodium carbonate, or soda ash. Soda ash is a necessary reagent for the production of lithium carbonate. The U.S. Geological Survey reported in 2022, 165,000 tonnes of soda ash were exported from the United States to Argentina, with a value of $US 48 million. CRPC believes the Laguna Santa Maria Project holds a competitive advantage over soda ash importation into Argentina as it is located in country, and in an area of significant lithium carbonate production and project development. Management is continuing to evaluate the property and market for soda ash in Argentina. Results of a bulk sample chemical evaluation are expected shortly.
ON BEHALF OF THE BOARD
Adrian Hobkirk
President and CEO
T: 954-684-8040 E: [email protected] W: www.crpc-corp.com
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
The securities to be issued pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release will not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.