Announce Effective Date for Share Consolidation
Critical Reagent Announces Effective Date for Share Consolidation
March 19, 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, it will effect its share consolidation on the basis of ten (10) existing common shares (the “Shares”) for one (1) new Share (the “Consolidation”) on Friday, March 21, 2025.
The Shares of the Company will begin trading on a consolidated basis at the opening of trading on Friday, March 21, 2025. The new ISIN is CA22675G2018 and the CUSIP is 22675G201.
Registered shareholders who hold physical Share certificates will receive a letter of transmittal requesting that they forward pre-Consolidation Share certificates to the Company’s transfer agent, Endeavor Trust Corporation, in exchange for new Share certificates representing Shares on a post-Consolidation basis. Shareholders who hold their Shares through their broker or other intermediary and do not have Shares registered in their own name will not be required to complete a letter of transmittal.
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
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