Critical Metals Corp. Announces $22.5 Million Private Placement Equity Financing

Core Viewpoint - Critical Metals Corp has secured approximately $22.5 million through a private investment in public equity (PIPE) financing to support the development of its mining projects in Greenland and Austria [1][5]. Financing Details - The PIPE financing involves the issuance of approximately 4.5 million ordinary shares at an offer price of$5.00 per share, along with warrants to purchase ordinary shares at a strike price of $7.00, expiring in four years [2][7]. - The funds raised will be utilized for the development of the Tanbreez Rare Earths Project and the Wolfsberg Lithium Project, as well as for general corporate purposes [3][5]. Project Significance - The Tanbreez project is noted as one of the world's largest rare earth deposits located in Greenland, while the Wolfsberg Lithium Project is the first fully permitted lithium mine in Europe, strategically positioned to support the European market [10]. - The company aims to become a reliable supplier of critical minerals essential for defense applications and clean energy transition [10]. Strategic Context - The funding comes in the context of geopolitical developments, including a Chinese export ban on rare earth materials, positioning Critical Metals Corp to enhance its role as a supplier of critical minerals to the West [5]. Advisory and Legal Support - Jett Capital Advisors, LLC, Cohen & Company Capital Markets, and EAS Advisors, LLC acted as placement agents for the financing, with legal support from White & Case LLP and Morgan, Lewis & Bockius LLP [6].