Critical Metals Corp Announces Gross Proceeds of $2MM USD from the Exercise of Warrants Priced at $5.00 USD from Institutional Fund
Critical Metals Corp (NASDAQ: CRML) has announced the exercise of warrants resulting in gross proceeds of $2 million. The transaction involved 400,000 ordinary shares at an exercise price of $5.00 per warrant. As part of the agreement, contractual restrictions were removed from an additional 1,200,000 ordinary shares that were previously subject to forfeiture.
The company plans to utilize the proceeds to advance development strategies for its critical mineral projects, specifically the Tanbreez Project in Greenland and the Wolfsberg Project in Austria. The warrants were originally issued during the company's initial Nasdaq listing and were exercised under Securities Act Section 4(a)(2) exemption.
Critical Metals Corp (NASDAQ: CRML) ha annunciato l'esercizio di warrant che ha generato proventi lordi per 2 milioni di dollari. L'operazione ha riguardato 400.000 azioni ordinarie con un prezzo di esercizio di 5,00 dollari per warrant. Nell'ambito dell'accordo, sono state rimosse le restrizioni contrattuali su ulteriori 1.200.000 azioni ordinarie precedentemente soggette a decadenza.
L'azienda intende utilizzare i proventi per promuovere le strategie di sviluppo dei suoi progetti di minerali critici, in particolare il Progetto Tanbreez in Groenlandia e il Progetto Wolfsberg in Austria. I warrant erano stati emessi originariamente durante la quotazione iniziale della società al Nasdaq e sono stati esercitati in base all'esenzione prevista dalla Sezione 4(a)(2) del Securities Act.
Critical Metals Corp (NASDAQ: CRML) ha anunciado el ejercicio de warrants que resultó en ingresos brutos de 2 millones de dólares. La transacción involucró 400,000 acciones ordinarias con un precio de ejercicio de 5.00 dólares por warrant. Como parte del acuerdo, se eliminaron las restricciones contractuales sobre 1,200,000 acciones ordinarias adicionales que estaban sujetas a pérdida.
La compañía planea utilizar los ingresos para avanzar en las estrategias de desarrollo de sus proyectos de minerales críticos, específicamente el Proyecto Tanbreez en Groenlandia y el Proyecto Wolfsberg en Austria. Los warrants se emitieron originalmente durante la cotización inicial de la empresa en Nasdaq y se ejercieron bajo la exención de la Sección 4(a)(2) de la Ley de Valores.
Critical Metals Corp (NASDAQ: CRML)는 워런트 행사로 총 200만 달러의 수익을 발표했습니다. 이번 거래는 워런트 행사 가격이 주당 5.00달러인 보통주 40만 주를 포함했습니다. 계약의 일환으로, 이전에 몰수 대상이었던 추가 보통주 120만 주에 대한 계약상 제한이 해제되었습니다.
회사는 이번 수익을 그린란드의 탄브리즈 프로젝트와 오스트리아의 볼프스버그 프로젝트 등 중요 광물 프로젝트 개발 전략을 추진하는 데 사용할 계획입니다. 이 워런트는 회사의 나스닥 상장 초기 발행되었으며, 증권법 섹션 4(a)(2) 면제 조항에 따라 행사되었습니다.
Critical Metals Corp (NASDAQ: CRML) a annoncé l'exercice de bons de souscription, générant un produit brut de 2 millions de dollars. La transaction a concerné 400 000 actions ordinaires à un prix d'exercice de 5,00 dollars par bon. Dans le cadre de l'accord, les restrictions contractuelles ont été levées sur 1 200 000 actions ordinaires supplémentaires qui étaient auparavant soumises à une confiscation.
La société prévoit d'utiliser ces fonds pour faire progresser les stratégies de développement de ses projets de minéraux critiques, notamment le projet Tanbreez au Groenland et le projet Wolfsberg en Autriche. Les bons avaient été initialement émis lors de l'introduction en bourse de la société sur le Nasdaq et ont été exercés conformément à l'exemption de la section 4(a)(2) du Securities Act.
Critical Metals Corp (NASDAQ: CRML) hat die Ausübung von Warrants angekündigt, was zu Bruttoerlösen von 2 Millionen US-Dollar führte. Die Transaktion umfasste 400.000 Stammaktien zu einem Ausübungspreis von 5,00 US-Dollar pro Warrant. Im Rahmen der Vereinbarung wurden vertragliche Beschränkungen von weiteren 1.200.000 Stammaktien aufgehoben, die zuvor dem Verfall unterlagen.
Das Unternehmen plant, die Erlöse zur Förderung der Entwicklungsstrategien seiner kritischen Mineralprojekte zu verwenden, insbesondere des Tanbreez-Projekts in Grönland und des Wolfsberg-Projekts in Österreich. Die Warrants wurden ursprünglich während der Erstnotierung des Unternehmens an der Nasdaq ausgegeben und unter der Ausnahmeregelung des Securities Act Abschnitt 4(a)(2) ausgeübt.
- Secured $2 million in additional capital through warrant exercise
- Removal of restrictions on 1.2 million ordinary shares
- Institutional fund participation indicates investor confidence
- Strengthened balance sheet for project development
- Potential dilution from the issuance of 400,000 new shares
- Additional 1.2 million shares now unrestricted could increase selling pressure
NEW YORK, May 29, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, today announced the exercise of outstanding warrants to purchase 400,000 ordinary shares of the Company at an exercise price of
Critical Metals Corp intends to use the net proceeds from the warrant exercise primarily to help advance the development strategies of its critical mineral projects in Greenland and Europe.
“We are pleased to announce the exercise of these warrants, which will provide Critical Metals Corp with additional capital to support our ongoing development efforts at our flagship Tanbreez Project in Greenland and the Wolfsberg Project in Austria,” said Tony Sage, CEO and Executive Chairman of Critical Metals Corp. “We believe this transaction demonstrates investor confidence in our strategic direction and helps strengthen our balance sheet to advance key milestones at our world-class assets.”
The warrants and the ordinary shares issued upon exercise were issued in reliance upon an exemption from the registration requirements of the Securities Act pursuant to Section 4(a)(2) thereof.
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 Europe and its 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 may include 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
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