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Critical Metals Corp Publishes Compelling Deep Diamond Drill Results from Tanbreez Greenland
Globenewswire· 2025-05-09 12:30
Core Insights - Critical Metals Corp. has released historical deep diamond drill hole results from the Tanbreez Project in Greenland, indicating significant potential for high-grade rare earth elements (REE) and other critical minerals [1][9][40]. Drill Hole Results - Drill Hole DX-02 intersected high-grade rare earths averaging 4733ppm (0.47% TREO) with 28% heavy rare earth oxides (HREO) over a depth of 328m [6][14]. - Drill Hole D306-13 showed an average of 4211ppm (0.42% TREO) with 24% HREO over a depth of 195m [6][14]. - The average mineralization across the reported drill holes is approximately 0.45% TREO, containing an average of 26% HREO [24][15]. Resource Estimates - The current Mineral Resource Estimate (MRE) for the Tanbreez Project is approximately 45 million tonnes (MT) at 0.38% TREO, consisting of 19.5MT inferred and 25.4MT indicated resources [12][32]. - The company is planning resource drilling to extend and grow the existing MRE, targeting the Fjord and Hill Zone deposits [29][34]. Economic Potential - The Preliminary Economic Assessment for the Tanbreez Project indicates a Net Present Value (NPV) of approximately $2.8 billion to $3.6 billion and an Internal Rate of Return (IRR) of 180% before tax [9][39]. - The project is gaining significant interest from Western governments due to its strategic importance in the supply of critical minerals [9][40]. Future Plans - The company is preparing for a 2025 resource drilling program, with mobilization of crews to Greenland expected in mid-to-late June [29][36]. - The company is also re-assaying historical samples to confirm and reconcile assay results from previous drilling campaigns [36][37].
Critical Metals Corp Announces Appointments of Executive Leaders
Globenewswire· 2025-05-02 13:00
Executive Appointments - Critical Metals Corp has appointed Sergey Savchenko as Chief Financial Officer, George Karageorge as Chief Technical Officer, Thomas McNamara as Director of Corporate Development & Investor Relations, and John Thomas as General Counsel, effective immediately [1][2][10] - Sergey Savchenko brings over 24 years of experience in accounting and finance, having been involved in the company's Nasdaq listing [2][3] - George Karageorge has over 30 years of experience in mining and engineering, responsible for technical reporting and project development [4][6] - Thomas McNamara has more than two decades of experience in metals and mining portfolio management, overseeing corporate development strategies and investor relations [8][9] - John Thomas has over 30 years of legal experience, previously serving as VP and General Counsel for Medtronic's operations in Greater China [10][11] Strategic Initiatives - The company has signed a binding agreement with European Lithium and Rimbal to lock up the majority shareholders' current holdings for 180 days, demonstrating shareholder confidence [15][16] - Critical Metals Corp issued 5,000,000 ordinary shares to Rimbal as part of the acquisition of the Tanbreez project, with plans to invest $10 million in exploration to acquire an additional 50.5% equity interest [12][14] - The company is focused on advancing its flagship Tanbreez project in Greenland and the Wolfsberg Lithium Project in Austria, both of which are strategically positioned to meet the growing demand for critical minerals [18][19] Market Positioning - Critical Metals Corp is positioned to capitalize on the strong demand for critical minerals in the West, supported by geopolitical factors [3] - The Tanbreez project is one of the world's largest rare earth deposits, expected to have year-round shipping access via deep water fjords [18] - The Wolfsberg Lithium Project is the first fully permitted mine in Europe, strategically located to support the European market for lithium products [19][20]
Critical Metals Corp. Publishes New Presentation on Investor Website
Globenewswire· 2025-04-23 12:00
Core Insights - Critical Metals Corp is a leading mining development company focused on critical metals and minerals essential for electrification and next-generation technologies in Europe and its western partners [1][3] - The company's flagship project, Tanbreez, is one of the largest rare earth deposits globally, located in Southern Greenland, with year-round shipping access via deep water fjords [1][3] - The Wolfsberg Lithium Project in Austria is the first fully permitted mine in Europe, strategically positioned to become a major producer of lithium products for the European market [2][3] Company Overview - Critical Metals Corp is dedicated to becoming a reliable and sustainable supplier of critical minerals for defense applications, clean energy transition, and next-generation technologies [3] - The company has established partnerships for offtake and downstream operations, enhancing its strategic asset portfolio [2][3]
MTM Critical Metals Secures Supply Agreement for E-Waste and Announces Breakthrough Recovery of Ultra-High-Grade Gold and Other High-Value Metals from E-Scrap
Prnewswire· 2025-04-09 13:00
Core Insights - MTM Critical Metals has achieved a breakthrough in sustainable metal recovery, extracting ultra-high-grade gold at 551 g/t and other valuable metals from electronic waste [1][2] - The company has signed a Letter of Intent for a five-year supply agreement with Dynamic Lifecycle Innovations, ensuring a minimum supply of 700 tons per annum of E-Scrap [1][3] Technology and Recovery Process - Utilizing proprietary Flash Joule Heating (FJH) technology, the company recovered gold and silver concentrations of 551 g/t and 2,804 g/t respectively, with copper recovery at 42% [2] - The recovery process is efficient, achieving over 95% recovery of gold and titanium, and more than 90% recovery of silver, tin, and zinc into water-soluble metal chlorides, without toxic waste [2] Supply Agreement and Commercialization - The long-term supply agreement with Dynamic Lifecycle Innovations is crucial for ensuring a consistent feedstock supply, which is fundamental for the commercial rollout of the technology [3][4] - The agreement is seen as a pivotal milestone in the company's commercialization journey, providing both technology and supply chain support for future strategic partnerships [4] Company Background - MTM Critical Metals is based in Perth, Western Australia, and Houston, Texas, specializing in advanced metal recovery technologies [4] - The company’s U.S. subsidiary, Flash Metals USA, holds exclusive licensing rights to the innovative Flash Joule Heating technology developed by Rice University [4] - MTM also possesses exploration assets for niobium, rare earth elements, and gold, located in Western Australia and Quebec [4]
Critical Metals(CRML) - 2025 Q3 - Quarterly Report
2025-03-31 21:28
Commission File Number: 001-41973 Critical Metals Corp. (Exact name of registrant as specified in its charter) c/o Maples Corporate Services (BVI) Limited Kingston Chambers, PO Box 173, Road Town Tortola, British Virgin Islands (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO ...
Critical Metals Corp.'s Tanbreez Valued at $3 Billion With IRR of 180% and Significant Additional Upside Potential
GlobeNewswire News Room· 2025-03-31 12:30
Core Insights - Critical Metals Corp has released an independent Preliminary Economic Assessment (PEA) for the Tanbreez Project, highlighting its significance as one of the largest rare earth deposits globally with a mineralized kakortokite unit of 4.7 billion metric tons [1][2] Economic Assessment - The PEA indicates a Net Present Value (NPV) of approximately US$3 billion, with a range of US$2.8 billion to US$3.6 billion at discount rates of 15% and 12.5% respectively, and an Internal Rate of Return (IRR) of about 180% [2] - The NPV calculation is based on an initial Mineral Resource Estimate (MRE) of 44.97 million metric tons of rare earth materials, representing roughly 1% of the total host rock [2] Development Strategy - The CEO of Critical Metals Corp emphasized the project's economic potential and its role in supporting a Western supply chain for rare earths, particularly in light of recent U.S. policy initiatives [4] - The company plans to conduct additional drilling campaigns to unlock further resource potential and expects to complete a definitive feasibility study by the end of 2025 [4] Investment and Ownership - Critical Metals Corp currently holds a 42% equity interest in the Tanbreez Project and plans to invest US$10 million in exploration by the end of 2025 [5] - Upon completion of this investment, the company will have the option to acquire an additional 50.5% equity interest, increasing its total ownership to 92.5% [5] Project Highlights - The Tanbreez Project is designed for phased growth, with initial production expected to be around 85,000 tons per annum (tpa) of Rare Earth Oxides (REO), scalable to approximately 425,000 tpa [7] - The project has been granted an exploitation license and is aligned with environmental, social, and governance (ESG) standards, featuring low radioactivity and minimal environmental impact [7] - Its strategic location provides deep-water fjord access and proximity to existing infrastructure, enhancing logistical advantages [7][8] Strategic Positioning - Critical Metals Corp aims to become a reliable supplier of critical minerals essential for defense applications and clean energy transition, positioning itself as a long-term partner for the U.S. and EU critical mineral sectors [10]
Critical Metals Corp.'s Tanbreez Valued at $3 Billion With IRR of 180% and Significant Additional Upside Potential
Newsfilter· 2025-03-31 12:30
Core Viewpoint - Critical Metals Corp has released an independent Preliminary Economic Assessment (PEA) for the Tanbreez Project, highlighting its potential as one of the largest rare earth deposits globally, with a mineralized kakortokite unit of 4.7 billion metric tons [1][2]. Economic Assessment - The PEA indicates a Net Present Value (NPV) of approximately US$3 billion, with a range of US$2.8 billion to US$3.6 billion at discount rates of 15% and 12.5% respectively, before tax [2]. - The Internal Rate of Return (IRR) is estimated at around 180% based on an initial Mineral Resource Estimate (MRE) of 44.97 million metric tons of rare earth materials, which constitutes about 1% of the total host rock [2]. Development Strategy - The PEA confirms the economic viability of the Tanbreez Project and accelerates its development strategy, positioning it as a critical component of the Western supply chain for rare earths [4]. - The company plans to conduct additional drilling campaigns to unlock further resource potential and increase the project's NPV [4]. Investment and Ownership - Critical Metals Corp currently holds a 42% equity interest in the Tanbreez Project and plans to invest US$10 million in exploration by the end of 2025 [5]. - Upon completion of this investment, the company will have the option to acquire an additional 50.5% equity interest, raising its total ownership to 92.5% [5]. Project Highlights - The Tanbreez Project is expected to have an initial production capacity of approximately 85,000 tons per annum (tpa) of Rare Earth Oxides (REO), scalable to about 425,000 tpa [7]. - The project is fully permitted with a mining license granted through to 2050, featuring low radioactivity and minimal environmental impact [7]. - Its strategic location provides deep-water fjord access and proximity to existing infrastructure, enhancing logistical advantages [7]. Strategic Positioning - Critical Metals Corp aims to be a long-term supplier to the US and EU critical mineral and defense sectors, leveraging its robust resource base of 45 million metric tons at 0.40% Total Rare Earth Oxides (TREO) with 27% Heavy Rare Earth Elements (HREE) [7][8]. - The company is also developing the Wolfsberg Lithium Project in Austria, which is the first fully permitted lithium mine in Europe, further strengthening its strategic asset portfolio [9].
Allied Critical Metals Closes Private Placement in Connection with Reverse Takeover Transaction
Thenewswire· 2025-03-26 00:35
Core Viewpoint - Deeprock Minerals Inc. and Allied Critical Metals Corp. have successfully closed a private placement, raising approximately $4.6 million through the issuance of 22,890,680 Subscription Receipts at a price of $0.20 each, which will support the development of tungsten projects in Portugal as global demand increases and Chinese exports decline [2][3][4]. Summary of the Offering - The Offering is part of a reverse takeover transaction involving Deeprock, ACM, and Deeprock Holdings Ltd., aimed at facilitating the amalgamation [4]. - Each Subscription Receipt will convert into one ACM Unit, which consists of one common share and one-half of a warrant, upon meeting certain escrow release conditions [5][6]. Financial Details - The Offering generated approximately $4.6 million, with an Agents' fee totaling $260,460 paid to the involved financial agents [2][7]. - ACM granted broker warrants and advisory warrants as additional compensation to the agents, totaling 1,119,800 and 260,000 respectively [8][9]. Use of Proceeds - Proceeds from the Offering are intended for mineral property exploration, working capital, and general corporate purposes for the Resulting Issuer [13]. Company Background - Allied Critical Metals is focused on tungsten projects in Portugal, owning two significant projects: the Borralha Tungsten Project and the Vila Verde Tungsten Project [14]. - Deeprock Minerals is a Canadian mineral exploration company engaged in acquiring and developing mineral resource properties in Canada [15].
Critical Metals Corp. Unveils Exceptional Drilling Results Confirming Extensive Depth Potential at World-Class Tanbreez Rare Earth Project
Globenewswire· 2025-03-17 12:30
Core Insights - Critical Metals Corp has announced significant historical drilling results from the Tanbreez Project, confirming high-grade rare earth elements (REE) and positioning the company as a potential leading supplier in the western world [1][2][24] Group 1: Project Overview - The Tanbreez Project is one of the largest rare earth deposits globally, located in Southern Greenland, with a notable high concentration of heavy rare earth elements (HREEs) [24][25] - The project is characterized by low levels of uranium and thorium, enhancing its environmental and political viability [24] - The Kakortokite deposit is estimated to contain approximately 4.7 billion tonnes of REE-bearing mineralization, with about 27% of total rare earth oxides (TREO) being heavy REE [24] Group 2: Drilling Results - Historical deep diamond drill holes DX-01 and D7-14 have confirmed high-grade mineralization, with average TREO grades of 0.42% and 0.43% respectively, including significant HREE content [4][14] - Drill hole DX-01 reached a depth of 338 meters, while D7-14 was drilled to 243 meters, both intersecting substantial mineralization [3][17] - The average mineralization across the three drill holes (DX-01, D7-14, and A1-24) is consistent at approximately 0.43% TREO [18] Group 3: Strategic Developments - Critical Metals Corp acquired a 42.5% interest in the Tanbreez Project in 2024, with plans to increase this to 92.5% following a $10 million investment [4] - The company is currently re-assaying historical samples to confirm and reconcile assay results, with findings expected to be published soon [21][22] - A Preliminary Economic Assessment (PEA) is underway, expected to be completed in the second quarter of 2025, evaluating the economic potential of the Tanbreez Project [23] Group 4: Future Prospects - The company is positioned to become a reliable supplier of critical minerals essential for defense applications and clean energy transition, leveraging its strategic asset portfolio [27] - The Tanbreez Project is expected to benefit from improved transportation access due to a new international airport opening nearby [24][25]
Critical Metals Corp.'s Releases First S-K 1300 Report on the Tanbreez 4.7 Billion Metric Ton Kakortokite Host Rock
Newsfilter· 2025-03-12 12:30
Core Insights - Critical Metals Corp has released its first S-K 1300 technical report summary on the Tanbreez Project, which is one of the largest rare earth deposits globally, containing 4.7 billion metric tons of a kakortokite hard rock unit [1][2] - The initial Mineral Resource Estimate (MRE) indicates that Tanbreez contains over 45 million metric tons of total rare earth and rare metal material, which is expected to enhance discussions with strategic partners and government agencies for establishing secure supply chains [2][3] - The company plans to advance its development strategy with further verification work, including resource drilling and an Independent Preliminary Economic Assessment (PEA), aiming to complete a definitive feasibility study by the end of 2025 [2][4] Company Overview - Critical Metals Corp is a leading mining development company focused on critical metals and minerals essential for electrification and next-generation technologies, particularly for Europe and its western partners [4][6] - The flagship Tanbreez Project is located in Southern Greenland and is expected to have year-round direct shipping access via deep water fjords to the North Atlantic Ocean [4] - Another significant asset is the Wolfsberg Lithium Project in Austria, which is the first fully permitted mine in Europe and is strategically positioned to become a major producer of lithium products for the European market [5][6] Future Plans - The company has commissioned a PEA based on the extensive data available from over 400 drill holes and 350,000 samples, with results expected to be finalized in the next quarter [3][4] - The company intends to finalize drilling results from a campaign completed in late 2024 and to establish a 2025 exploration program [4]