Green Critical Minerals Limited has secured A$7.0 million in an institutional placement, issuing approximately 583.3 million new fully paid ordinary shares at A$0.012 per share. The placement attracted a range of established domestic and international investors, including cornerstone investor Terra Capital, and was executed in two tranches. The share price for the placement was set at a discount to recent trading levels – 20% below the last traded price of A$0.015, with further discounts relative to the 10-day and 15-day VWAPs at A$0.013 and A$0.014, respectively. The funds are earmarked to accelerate the commercialization of Green Critical Minerals’ Very High Density (VHD) graphite technology, which boasts superior heat transfer and dispersion capabilities compared to traditional materials. Earlier milestones include the commissioning of a pilot plant, pilot-scale production tests surpassing industry benchmarks, production of a full-scale heat sink, and notable progress in a customer engagement program. The company is already receiving inbound interest from a leading European and UK thermal management solutions provider and a prominent Australian data centre operator, positioning them well for sales agreements and revenue generation in the first half of 2026. Proceeds from the placement will be allocated to boost the production and commercialization of VHD technology, further develop the McIntosh Graphite Project, and support general working capital needs. The placement involved joint lead managers Aitken Mount Capital Partners and Canaccord Genuity, who will receive both a placement fee and broker options subject to shareholder approval at a forthcoming Extraordinary General Meeting expected in mid-July 2025. Additionally, the shares come with a one-for-two attaching option exercisable at A$0.022, further underlining the structured approach to incentivizing long-term growth. Bullish sentiment is driven by the strong institutional backing and the rapid execution of milestones that signal the potential of the VHD graphite technology. The growing customer interest, both domestically and internationally, and the clear strategic roadmap to secure first revenue by early 2026 add to the optimistic outlook for Green Critical Minerals Limited. However, bearish perspectives note potential risks such as the dilution from the issuance of over half a billion new shares, the reliance on shareholder approvals for key elements of the placement, and the inherent challenges in moving from pilot production to commercial-scale sales in a competitive thermal management market. Overall, the move positions the company well for future growth while inviting scrutiny regarding execution risks in a rapidly evolving technology landscape.