Critical Metals Corp. Outlines Strategic Growth Initiatives Following Successful Equity Raise
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 (Nasdaq: CRML) ha delineato le sue iniziative strategiche di crescita per il 2025 dopo un'azione di raccolta fondi di successo da 24,5 milioni di dollari. L'azienda sta portando avanti due progetti chiave: il Progetto Tanbreez Rare Earth nella Groenlandia del Sud e il Progetto Wolfsberg Lithium in Austria.
Per Tanbreez, l'azienda prevede di rilasciare ulteriori risultati dal suo programma di campagna del 2024 entro la fine di marzo 2025, pubblicare una stima delle risorse conforme agli standard SK-1300 nel secondo trimestre e aggiornare lo studio di fattibilità preliminare nel quarto trimestre del 2025. Il progetto Wolfsberg vedrà il completamento degli studi di fattibilità definitivi sia per il sito minerario che per un impianto di idrossido di litio in Arabia Saudita, con i sondaggi della Zona 2 che inizieranno nel terzo trimestre.
L'azienda ha ingaggiato consulenti per affari governativi per supportare le candidature di finanziamento negli Stati Uniti e in Europa e prevede di nominare due ulteriori direttori con esperienza nel governo federale degli Stati Uniti nel primo trimestre. Critical Metals sta attivamente cercando partnership strategiche e si aspetta di ricevere supporto tramite sovvenzioni governative.
Critical Metals Corp (Nasdaq: CRML) ha delineado sus iniciativas estratégicas de crecimiento para 2025 tras una exitosa recaudación de capital de 24,5 millones de dólares. La empresa está avanzando en dos proyectos clave: el Proyecto Tanbreez Rare Earth en el sur de Groenlandia y el Proyecto Wolfsberg Lithium en Austria.
Para Tanbreez, la compañía planea publicar resultados adicionales de su programa de campo de 2024 hacia finales de marzo de 2025, presentar una estimación de recursos conforme a SK-1300 en el segundo trimestre y actualizar el estudio de viabilidad preliminar en el cuarto trimestre de 2025. Para el proyecto Wolfsberg se completarán los estudios de viabilidad definitivos tanto para el sitio minero como para una planta de hidróxido de litio en Arabia Saudita, comenzando la perforación de la Zona 2 en el tercer trimestre.
La empresa ha contratado consultores en asuntos gubernamentales para apoyar las solicitudes de financiamiento en EE. UU. y Europa, y planea nombrar a dos directores adicionales con experiencia en el gobierno federal de EE. UU. en el primer trimestre. Critical Metals está buscando activamente asociaciones estratégicas y anticipa recibir apoyo en forma de subvenciones gubernamentales.
크리티컬 메탈스 Corp (Nasdaq: CRML)는 2천450만 달러의 성공적인 자본 조달 후 2025년을 위한 전략적 성장 이니셔티브를 개략적으로 설명했습니다. 회사는 두 가지 주요 프로젝트인 남그린란드의 탄브리즈 희토류 프로젝트와 오스트리아의 볼프스베르크 리튬 프로젝트를 진행하고 있습니다.
탄브리즈 프로젝트에 대해 회사는 2024년 현장 프로그램의 추가 결과를 2025년 3월 말까지 발표할 계획이며, 2분기에는 SK-1300 준수 자원 추정치를 발표하고 2025년 4분기에는 초기 타당성 검토를 업데이트할 예정입니다. 볼프스베르크 프로젝트에서는 광산 사이트과 사우디아라비아의 리튬 수산화물 공장에 대한 확정 타당성 조사 완료가 이루어지며, 3분기에는 제2구역 드릴링이 시작됩니다.
회사는 미국 및 유럽의 자금 지원 신청을 지원하기 위해 정부 업무 컨설턴트를 고용하였으며, 1분기에 미국 연방 정부 경험이 있는 추가 이사 두 명을 임명할 예정입니다. 크리티컬 메탈스는 전략적 파트너십을 적극적으로 추구하고 있으며 정부 보조금 지원을 받을 것으로 기대하고 있습니다.
Critical Metals Corp (Nasdaq: CRML) a esquissé ses initiatives stratégiques de croissance pour 2025 après une levée de fonds réussie de 24,5 millions de dollars. La société fait avancer deux projets clés : le Projet Tanbreez Rare Earth dans le sud du Groenland et le Projet Wolfsberg Lithium en Autriche.
Pour Tanbreez, la société prévoit de publier des résultats supplémentaires de son programme de terrain de 2024 d'ici fin mars 2025, de publier une première estimation des ressources conforme aux normes SK-1300 au deuxième trimestre, et de mettre à jour l'étude de faisabilité préliminaire au quatrième trimestre 2025. Le projet Wolfsberg verra l'achèvement des études de faisabilité définitives pour le site minier et une usine d'hydroxyde de lithium en Arabie Saoudite, avec le début du forage de la Zone 2 au troisième trimestre.
La société a engagé des consultants en affaires gouvernementales pour soutenir les demandes de financement aux États-Unis et en Europe et prévoit de nommer deux nouveaux directeurs ayant de l'expérience dans le gouvernement fédéral américain au premier trimestre. Critical Metals cherche activement des partenariats stratégiques et s'attend à recevoir un soutien de subventions gouvernementales.
Critical Metals Corp (Nasdaq: CRML) hat seine strategischen Wachstumsinitiativen für 2025 skizziert, nachdem eine erfolgreiche Kapitalerhöhung von 24,5 Millionen Dollar durchgeführt wurde. Das Unternehmen hat zwei Schlüsselprojekte vorangetrieben: das Tanbreez Rare Earth Project im südlichen Grönland und das Wolfsberg Lithium Project in Österreich.
Für Tanbreez plant das Unternehmen, bis Ende März 2025 zusätzliche Ergebnisse seines Feldprogramms von 2024 zu veröffentlichen, eine erste SK-1300-konforme Ressourcenschätzung im 2. Quartal zu präsentieren und die vorläufige Machbarkeitsstudie im 4. Quartal 2025 zu aktualisieren. Das Wolfsberg-Projekt wird den Abschluss der endgültigen Machbarkeitsstudien sowohl für den Standort der Mine als auch für eine Lithiumhydroxid-Anlage in Saudi-Arabien sehen, wobei das Bohren in Zone 2 im 3. Quartal beginnt.
Das Unternehmen hat Regierungsberater engagiert, um die Förderanträge in den USA und Europa zu unterstützen, und plant, im 1. Quartal zwei weitere Direktoren mit Erfahrung in der US-Bundesregierung zu ernennen. Critical Metals strebt aktiv strategische Partnerschaften an und rechnet mit Unterstützung durch staatliche Zuschüsse.
- Successfully raised $24.5 million through upsized equity offering
- Exclusive offtake agreement with BMW for Zone 1 of Wolfsberg Project
- Partnership with Arabian New Energy for lithium hydroxide plant development
- Multiple near-term catalysts including SK-1300 resource estimate and feasibility studies
- Pre-revenue stage with ongoing capital requirements
- Dependence on future government grants and strategic partnerships for funding
- Projects still in development phase with no current production
Insights
The upsized
The company's dual-project approach offers strategic advantages: Tanbreez targets rare earth elements important for defense and clean energy applications, while Wolfsberg focuses on lithium, essential for EV batteries. The existing BMW offtake agreement for Wolfsberg Zone 1 provides baseline revenue security, while the planned Zone 2 expansion could attract additional premium automotive partners amid growing lithium demand.
Key near-term catalysts include:
- SK-1300 resource estimate for Tanbreez (Q2 2025)
- Definitive feasibility studies for Wolfsberg mine and processing plant
- Zone 2 drilling results (Q3 2025)
- Government grant decisions
The planned addition of directors with U.S. federal government experience could accelerate grant applications and strategic partnerships, potentially reducing reliance on equity markets for future funding. The partnership with Arabian New Energy for the lithium hydroxide plant demonstrates the company's ability to secure strategic relationships, important for project development and market access.
The company's technical approach demonstrates strong project management fundamentals. The Tanbreez twin-hole drilling program represents a important step in validating historical data and ensuring SK-1300 compliance, a key requirement for U.S. listings. This methodical approach to resource validation enhances project credibility for potential government and strategic partners.
The Wolfsberg Project's two-zone strategy is particularly noteworthy:
- Zone 1: Already secured with BMW offtake, providing immediate development focus
- Zone 2: Represents expansion potential, with drilling planned for Q3 2025
The Saudi Arabian lithium hydroxide plant partnership is strategically significant, offering:
- Cost-effective processing due to lower energy costs
- Geographic proximity to European markets
- Potential tax advantages and government incentives
The planned update to Tanbreez's preliminary feasibility study in Q4 2025 could significantly impact project economics, particularly given current market dynamics for rare earth elements. The timeline for both projects suggests potential production alignment with projected peak demand periods for both lithium and rare earth elements.
NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), 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, today outlined its strategic growth initiatives for the remainder of 2025. The Company recently completed an equity raise that was upsized to
Over the coming months, Critical Metals Corp is focused on advancing the development of both its Tanbreez Rare Earth Project in Southern Greenland and the Wolfsberg Lithium Project in Austria. Leveraging these strategic assets, the Company is well-positioned to become a reliable and sustainable supplier of essential metals and elements for the West.
“Following our successful capital raise, Critical Metals Corp is poised to execute on its vision of becoming a leading western supplier of strategic minerals essential for clean energy and defense applications,” said Tony Sage, CEO and Chairman of Critical Metals Corp. “With the funds raised, Critical Metals Corp is progressing our pre-production activities at both Tanbreez and Wolfsberg.”
Mr. Sage added, “Looking ahead, we anticipate both U.S. and European government grant support in coming months based on applications made and applications in progress. To help advance these efforts and assist with general government affairs and funding support applications, we have recently retained world-class government affairs consultants. We are also actively looking to enhance our Board of Directors with experienced directors who can help navigate the increasing government focus in the U.S. on critical mineral security. We look forward to achieving several significant milestones in the coming months, including our maiden SK-1300 resource estimate for Tanbreez and the commencement of Zone 2 drilling at Wolfsberg.”
The Tanbreez Project
For the Tanbreez Project, Critical Metals Corp intends to ramp up its pre-production activities. The Company expects to release additional results from its 2024 field program, which focused on twin-hole drilling to substantiate the existing resource and grade, by late March 2025. Critical Metals Corp anticipates publishing its maiden SK-1300 compliant resource estimate for the Tanbreez Project at the end of the second quarter, marking a significant milestone in the project's development pathway. Additionally, the Company plans to update the existing preliminary feasibility study for the Project in the fourth quarter of 2025. Critical Metals Corp is in active discussions with relevant parties in both Europe and the U.S. to secure strategic partnerships to further fund the asset and support its development.
The Wolfsberg Lithium Project
At the Wolfsberg Lithium Project, Critical Metals Corp plans to complete definitive feasibility studies for both the mine site in Austria and the lithium hydroxide plant in Saudi Arabia, which is being developed in partnership with Arabian New Energy.
The Company plans to commence a Zone 2 drilling program in the third quarter to establish additional resource potential beyond Zone 1, which is currently committed under an exclusive offtake agreement with BMW. This program is expected to support discussions regarding additional offtake agreements and pre-payment arrangements for Zone 2 production. The Company expects to secure project financing and commence building the mine in 2025.
Government Affairs
Critical Metals Corp has recently retained world-class government affairs consultants to support its engagement with U.S. and European authorities. These consultants will assist with general government affairs and funding support applications. The Company anticipates receiving government grant support in the coming months, based on applications already submitted and additional applications in development with both U.S. and European agencies.
Corporate Governance
To complement Critical Metals Corp’s existing management team, which has deep mining and U.S. capital markets experience, the Company plans to appoint two additional directors during the first quarter to its Board. The Company expects that it will focus on candidates that have experience with the U.S. federal government.
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, represents one of the world's largest, rare earth deposits located in Greenland. 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 building block 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, clean energy transition, and next-generation technologies in the western world.
For more information, please visit https://criticalmetalscorp.gcs-web.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, without limitation, statements regarding the financial position, financial performance, business strategy, 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 Shell Company 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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