Critical Metal Corps Strengthens Management Team With Appointment of Mathias Barfod as President of Greenland Operations

Rhea-AI Summary

Critical Metals Corp (NASDAQ:CRML) has appointed Mathias Barfod as President of Greenland Operations, a newly created position. Barfod, who will report to CEO Tony Sage, brings over a decade of experience in Greenland's mineral resource sector and will oversee the Tanbreez Project development and community relations.

Barfod's background includes developing resource estimates in North Greenland and working with the Greenland Mines department. He holds a master's degree in political science from the University of Copenhagen and will leverage his expertise in Greenlandic regulations and project development to advance the Tanbreez rare earth project.

Positive

• Strategic appointment of local expert with deep understanding of Greenland's mining regulations
• Addition of leadership for Tanbreez Project development, a potential secure western rare earth materials source
• Enhanced local community relations through appointment of well-respected Greenland resident

Negative

• Project still in development phase with no immediate production timeline
• Operational challenges of establishing new mining operations in Greenland

NEW YORK, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, today announced the appointment of Mathias Barfod as the Company’s President of Greenland Operations, a newly formed role. He will report directly to Tony Sage, the CEO and Executive Chairman of Critical Metals Corp.

Mr. Barfod is based in Greenland and has more than a decade of experience within the mineral resource sector in Greenland. As President of Greenland Operations, he will support the scale up efforts of the Tanbreez Project and will oversee relations with the Greenland community.

“The Tanbreez Project presents enormous opportunity to provide a secure western supply of rare earth materials, while significantly contributing to the success of the local Greenland economy and supporting jobs,” said Mr. Sage. “Mathias is a well-respected resident of Greenland, and brings a wealth of experience navigating regulatory requirements while at the Greenland Mines department to Critical Metals Corp. We look forward to leveraging his local expertise and experience with Greenlandic regulations and project development in the region.”

Most recently, Mr. Barfod was involved in developing a resource estimate for a project in North Greenland. Prior to that he worked for the mineral resource authority in Greenland where he was focused on guiding mineral resources companies with regard to community relations in Greenland and Greenlandic regulations. Mr. Barfod has a master’s degree in political science from the University of Copenhagen.

“Critical Metals Corp is expected to bring many benefits to Greenland and its people, as it advances the Tanbreez asset, which can be developed in a sustainable manner and is in an ideal location for mining, toward commercial production,” said Mr. Barfod. “I’m eager to play an important role in the growth of a foundational Greenland rare earth project and help the Company develop strong connections with the local community.”

About Critical Metals Corp.

Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals, and producing strategic products essential to electrification and next generation technologies for the United States, Europe and their western world partners. Its flagship Project, Tanbreez, is one of the world's largest rare earth deposits and is located in Southern Greenland. The deposit is expected to have access to key transportation outlets as the area features year-round direct shipping access via deep water fjords that lead directly to the North Atlantic Ocean.

Another key asset is the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure and is expected to be the next major producer of key lithium products to support the European market. Wolfsberg is well positioned with offtake and downstream partners to become a unique and valuable asset in an expanding geostrategic critical metals portfolio.

With this strategic asset portfolio, Critical Metals Corp is positioned to become a reliable and sustainable supplier of critical minerals essential for defense applications, the clean energy transition, and next-generation technologies in the western world.

For more information, please visit https://www.criticalmetalscorp.com/.

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include statements regarding expectations of our business and the plans and objectives of management for future operations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “designed to” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors discussed under the “Risk Factors” section in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. These forward-looking statements are based on information available as of the date of this news release, and expectations, forecasts and assumptions as of that date, involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Critical Metals Corp.

Investor Relations: ir@criticalmetalscorp.com
Media: pr@criticalmetalscorp.com

FAQ

Who is the new President of Greenland Operations at Critical Metals Corp (CRML)?

Mathias Barfod has been appointed as President of Greenland Operations, bringing over a decade of experience in Greenland's mineral resource sector.

What is the Tanbreez Project that Critical Metals Corp (CRML) is developing?

The Tanbreez Project is a rare earth materials mining project in Greenland that aims to provide a secure western supply of rare earth materials while contributing to the local economy.

What is Mathias Barfod's background before joining Critical Metals Corp (CRML)?

Barfod previously worked on resource estimation in North Greenland and served at the Greenland Mines department, focusing on community relations and regulations. He holds a master's degree in political science from the University of Copenhagen.

How will Critical Metals Corp's (CRML) new appointment benefit their Greenland operations?

The appointment will benefit operations through Barfod's extensive local expertise, understanding of Greenlandic regulations, and ability to develop strong connections with the local community while advancing the Tanbreez project.

What are the main responsibilities of CRML's new President of Greenland Operations?

Barfod will support the scale-up efforts of the Tanbreez Project, oversee relations with the Greenland community, and manage regulatory compliance while reporting directly to CEO Tony Sage.