---
title: "Critical Resources Limited (CRR.AX) Research"
description: "Authoritative Homodeus Research coverage history for Critical Resources Limited (CRR.AX)."
canonical_url: "https://homodeus.one/research/company/crr.ax"
markdown_url: "https://homodeus.one/research/company/crr.ax.md"
company_name: "Critical Resources Limited"
ticker: "CRR.AX"
sector: "Materials"
modified_date: "2026-10-10T12:46:42.325Z"
report_count: 1
coverage_since: "2026-09-02"
issuer_paid: true
commissioned_by: "Critical Resources Limited"
access: "full"
source: "Homodeus Research"
---

# Critical Resources Limited (CRR.AX)

Homodeus Research coverage hub for Critical Resources Limited, an ASX company classified in Materials. This page is the stable company entity reference for all Homodeus publications on the company.

## Latest published view

**Engineering for the AI era** — published 2026-09-02 by Wei Sim.

Critical Resources Limited (ASX:CRR) is a resources company with evolving technology, through investments in breakthrough battery chemistry and advanced thermal management.

### Key points

Critical Resources Limited (ASX:CRR) is moving downstream to focus on solid-state battery (SSB) & advanced thermal management technologies. In time, this will drive the rerating of CRR as a tech rather than resource company in our view. CRR's recent CSIRO announcement and our Industry Expert deep dive call with a Data Centre Liquid cooling expert reaffirm our conviction on this outlook.

- Investment in SSB: began in 2022 with Volt Carbon Technologies (TSXV:VCT). Since then, CRR has acquired intellectual property, formed leading US research partnerships and built an experienced technical team. The company is now progressing towards battery-cell testing.

- Advanced thermal management: In May 2026, CRR signed an exclusive worldwide commercial licence for IP related to thermal management of lithium-ion batteries and DC cooling infrastructure. Since then, CRR has made rapid progress, appointing a liquid cooling specialist as a technical advisor in July. The proprietary technology extends beyond water cooling by using a patented two-phase spray cooling technology.

- Industry tailwinds: Liquid DC cooling is forecast to grow at ~25% CAGR beyond 2030, outpacing the growth of the total DC cooling market (Fig ?), while the SSB industry is forecast to grow at 31% CAGR (Fig ?).

Looking forward, potential catalysts include government grants, independent testing results for SSB or rack-scale cooling systems, and any milestones towards development of a genuine external partner, licence or commercial sale.

- Price at report (2026-09-01): AUD 0.006
- Access: Complete public Markdown
- Coverage since: 2026-09-02
- Issuer-paid research: Yes — commissioned by Critical Resources Limited
- Latest report: https://homodeus.one/research/report/critical-resources-crr-ax-engineering-for-the-ai-era-foundation-research

Interpret dates and access labels carefully. Research contains analyst estimates, opinions and forward-looking statements and is general information, not personal financial advice.

## Published coverage

### Engineering for the AI era

- Published: 2026-09-02
- Modified: 2026-10-10T12:46:42.325Z
- Analyst: Wei Sim
- Report type: foundation
- Access: Full public Markdown
- Canonical report: https://homodeus.one/research/report/critical-resources-crr-ax-engineering-for-the-ai-era-foundation-research
- Markdown: https://homodeus.one/api/reports/critical-resources-crr-ax-engineering-for-the-ai-era-foundation-research.md