Critical Metals Corp Secures $50 Million PIPE Financing for Greenland Rare Earth Development

Critical Metals Corp (Nasdaq: CRML) has entered into a securities purchase agreement with a fundamental institutional investor to raise $50,000,000 of gross proceeds through a private investment in public equity transaction. The company intends to use the net proceeds from the offering to help fund the development of its 4.7 billion metric ton rare earth deposit, Tanbreez, in Greenland. This financing strengthens the company's balance sheet and demonstrates continued investor confidence as it advances its strategic portfolio of critical mineral assets.

Tony Sage, CEO and Chairman of Critical Metals Corp, stated that the proceeds will support development efforts at Tanbreez, one of the world's largest rare earth deposits in Greenland, which is expected to help address the growing demand for heavy rare earths in the West. The company is working to become a reliable supplier of critical minerals essential for various strategic applications. Under the terms of the securities purchase agreement, the company is issuing an aggregate of 1.47 million ordinary shares and pre-funded warrants to purchase approximately 1.56 million shares for an aggregate purchase price of $50 million.

The securities being sold in the PIPE have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws and accordingly may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from registration requirements. Jett Capital Advisors, LLC, and Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC acted as Placement Agents for the Private Placement, while White & Case LLP served as legal counsel to Critical Metals Corp.

This financing represents a significant step in developing Western sources of rare earth elements, which are crucial for defense applications, the clean energy transition, and next-generation technologies. The Tanbreez deposit's location in Southern Greenland provides strategic advantages, including year-round direct shipping access via deep water fjords that lead directly to the North Atlantic Ocean. For more information about the company's strategic initiatives, visit https://www.criticalmetalscorp.com/.