Critica (ASX:CRI), a rare earths explorer, has made progress toward producing high-quality product. In June 2026, NorthStar described Critica as a long-term holding, calling it high grade, low impact and asymmetric at current prices. In October 2025, NorthStar noted Critica achieved a major milestone by producing a high-quality mixed rare earth product. Lion Selection invested $500,000 in an $8 million placement at 2.6 cents per share in November 2025. Critica operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 5 comments from 2 fund managers, NorthStar and Lion Selection. Founded by Hamish Halliday and headquartered in Perth, Critica explores for rare earths, with its Jupiter clay-hosted rare earths project in Western Australia, which has produced high-quality mixed rare earth carbonate in testwork, positioning it as a potential low-impact supplier of rare earths outside China.