European Lithium Limited, a major shareholder of Critical Metals Corp., has amended its ownership filing after a Rule 144 sale of 5,000,000 Ordinary Shares on January 21, 2026. Following this sale, European Lithium now beneficially owns 48,036,338 Ordinary Shares, representing 39.5% of Critical Metals’ outstanding Ordinary Shares.
The ownership percentage is based on 121,674,807 Ordinary Shares issued and outstanding as of January 23, 2026. The filing notes that an additional 3,389,419 Earnout Shares may be issued to European Lithium if share price conditions are met within five years of the business combination, but these contingent shares are not included in the current beneficial ownership figure.
Critical Metals Corp. entered into a non-binding Memorandum of Understanding with Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers Company to pursue one or more joint ventures in Saudi Arabia. These joint ventures are intended to develop, own and operate a processing plant and refining facility for rare earth resources from the Tanbreez Green Rare Earth Mine, in which the company currently owns 42% of the equity interests. The company notes there is no guarantee that this MoU or other existing non-binding offtake term sheets for rare-earth concentrate from the Tanbreez Project will result in binding agreements on favorable terms or at all.
The company also scheduled a business update webcast and conference call on January 22, 2026 at 8:00 AM ET, where management will provide a corporate update and take questions. Investors can access the event through the company’s website or by phone, with a replay to be made available afterward.