For the year ended 30 June 2024 the Group incurred a loss after...

For the year ended 30 June 2024 the Group incurred a loss after income tax of $147,489,253 (30 June 2023: $5,450,213), net cash outflows from operating activities of $15,122,354 (30 June 2023: $2,378,789), a working capital deficit (excluding liabilities that will be settled in CRML shares) of $13,787,072 (30 June 2023: $3,074,575) and at that date had cash on hand of $1,259,242 (30 June 2023: $137,451). As at 23 October 2024 the Group had cash on hand of $0.4m and had current liabilities of $11.8m, $5.6m of which were overdue. The Group has no means of generating revenue and has no available borrowing facilities. Our current liquidity resources raise substantial doubt about our ability to continue as a going concern unless we raise additional capital to meet our obligations in the near term. Management are in active negotiations with potential investors to secure adequate capital and funding, but as of the date of this report formal arrangements with investors have not been finalised

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https://www.sec.gov/ix?doc=/Archives/edgar/data/0001951089/000121390024092156/ea0217031-20f_critical.htm