Critical Metals Corp Stock Price, News & Analysis

Critical Metals Corp (Nasdaq: CRML) has outlined its strategic growth initiatives for 2025 following a successful $24.5 million equity raise. The company is advancing two key projects: the Tanbreez Rare Earth Project in Southern Greenland and the Wolfsberg Lithium Project in Austria.

For Tanbreez, the company plans to release additional results from its 2024 field program by late March 2025, publish a maiden SK-1300 compliant resource estimate in Q2, and update the preliminary feasibility study in Q4 2025. The Wolfsberg project will see definitive feasibility studies completion for both the mine site and a lithium hydroxide plant in Saudi Arabia, with Zone 2 drilling starting in Q3.

The company has retained government affairs consultants to support U.S. and European funding applications and plans to appoint two additional directors with U.S. federal government experience in Q1. Critical Metals is actively pursuing strategic partnerships and anticipates receiving government grant support.

Critical Metals Corp (CRML) has secured a $22.5 million private placement equity financing through a PIPE transaction. The company will issue approximately 4.5 million ordinary shares at $5.00 per share, along with warrants to purchase an equal number of shares at $7.00, expiring in 4 years.

The funding will support development of the company's two pre-production mining assets: the Tanbreez Rare Earths Project in Greenland and the Wolfsberg Lithium Project in Austria. The transaction is expected to close around February 7, 2025. As part of the deal, the company agreed to remove anti-dilution provisions from certain senior convertible notes.

The private placement was conducted with accredited investors only, and the securities are not registered under the Securities Act. The company will file a registration statement for the resale of the PIPE shares and warrant shares.

Critical Metals Corp (Nasdaq: CRML) has announced a groundbreaking bitcoin treasury strategy, becoming the first Nasdaq-listed critical minerals company to adopt BTC as a primary treasury reserve asset. The company has secured access to up to $500 million through convertible note financing led by JBA Asset Management to purchase Bitcoin.

The financing structure includes a $100 million first tranche with 100% warrant coverage, followed by potential subsequent tranches totaling up to $400 million at the Buyer's discretion with 50% warrant coverage. The convertible notes are secured by raised cash and potential BTC purchases, with notes convertible at $6.00 per share and warrants at $7.00.

The strategy aims to strengthen the company's balance sheet and create long-term shareholder value while providing inflation protection without dilution risk. The implementation will follow a disciplined approach based on market dynamics and cash flow requirements.

Critical Metals Corp (Nasdaq: CRML) announced key leadership changes on December 10, 2024. Steven R Parkes has been appointed as Chief Financial Officer, replacing Melissa Chapman who served as Interim CFO since the company's Nasdaq listing in February 2024. Additionally, Carolyn Trabuco has stepped down from her position as Independent Director.

Parkes brings over 30 years of international financial management experience, including roles at RGP, WPP, Omnicom, Mach7 Technologies, and USHealthConnect. He is a CPA with experience in both USA and Australian accounting standards. The company has initiated a search process for Trabuco's replacement on the Board.

Critical Metals Corp (Nasdaq: CRML) has announced positive drilling results from its Tanbreez Greenland Rare Earth Mine. The first drill hole, starting at 19 meters above sea level and entering the project at 40 meters depth, revealed significant concentrations of rare earth elements and other valuable minerals.

The 40-meter section averaged 1.82% ZrO2, 4,722.51 ppm TREO (with 26.96% heavy rare earth content), 130.92 ppm Ta2O5, 1,852.22 ppm Nb2O5, 393.68 ppm HfO2, and 101.67 ppm Ga2O3. The company highlighted that these results confirm high-grade rare earth elements at the site.

Critical Metals Corp (Nasdaq: CRML) has received a significant decree from the State of Carinthia, Austria, confirming that no Environmental Impact Assessment (EIA) is required for its Wolfsberg Lithium Project. The decision follows an intensive examination by multiple expert departments, including forestry, nature conservation, geology, and water management. The project, which involves underground mining with surface facilities covering less than 10 hectares, is now positioned for a fast-track approval process. This milestone is important for establishing a European battery supply chain for electromobility. The company's next steps include securing financing and obtaining approval for plant and mining operations.

Critical Metals Corp (CRML) has announced significant findings from its drilling program at the Tanbreez Greenland Rare Earth Mine. The company discovered one of the world's highest concentrations of Gallium at 147 ppm Ga2O3 in Area G, along with four high-grade zones: Unit Zero, Base of the Kakortokite, EALS, and Area G. The EALS horizon showed grades exceeding 5% ZrO2 and more than 2% REO, with heavy rare earths reaching up to 40.8%. The Tanbreez Project, licensed for 500,000 metric tons per year, represents a strategic asset for producing critical metals essential for electrification and defense applications in the western world.

Critical Metals Corp (Nasdaq: CRML) provided updates on its Wolfsberg Lithium Project in Austria and its joint venture with Obeikan Group, Arabian New Energy Corp. The 50/50 JV has appointed Hatch to design a lithium hydroxide processing plant in Saudi Arabia, targeting production of 20,000 metric tons of battery-grade lithium hydroxide. The company secured drilling approval for Zone 2, expanding the project's potential beyond existing agreements. DRA Projects is updating the financial model from the 2023 DFS, with completion expected in Q1 2025. The company continues advancing project financing discussions for the Wolfsberg mine while exploring additional off-take partnerships.

Critical Metals Corp (CRML) has announced significant developments at its Tanbreez Greenland Rare Earth Mine project. The company has discovered two new high-grade areas of rare earth materials and secured a cost-effective power supply through collaboration with Nukissiorfiit, Greenland's electric company. The project will focus on mining run of the mill ore at 1.7-1.9% ZrO2, producing concentrate at 10% ZrO2, 2.5% REO, 1.0% Nb2O5, and 0.15% Ta2O5 and HfO2. Three high-grade areas were examined: Horizon Zero, Area G, and EALS, with grades up to 5% ZrO2 and grain sizes reaching up to 3m in some areas. Operations will run approximately 8 months annually, with reduced activity during winter months.