Critical Metals(CRML)

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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]
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 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
The Tanbreez Project possesses high grade TREO, including 103ppm gallium oxide, based on deep diamond drill resultsNEW YORK, March 17, 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 announced that the Company has released historical ...
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]
Critical Metals Corp.'s Releases First S-K 1300 Report on the Tanbreez 4.7 Billion Metric Ton Kakortokite Host Rock
GlobeNewswire News Room· 2025-03-12 12:30
NEW YORK, March 12, 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 announced that the Company has released its first S-K 1300 technical report summary (the “S-K 1300 Report”) on the Tanbreez Project, one of the largest rare earth dep ...
Critical Metals Corp. Announces the Appointment of Michael C. Ryan to Board of Directors
Newsfilter· 2025-02-26 14:15
Core Viewpoint - Critical Metals Corp has appointed Michael C. Ryan as an independent director, effective March 1, 2025, to enhance corporate governance as the company develops its Tanbreez Project in Greenland, which is significant for defense applications [1][2][3]. Company Overview - Critical Metals Corp (NASDAQ:CRML) is a mining development company focused on critical metals and minerals essential for electrification and next-generation technologies, particularly for Europe and its western partners [1][5]. - The company's flagship project, Tanbreez, is one of the largest rare earth deposits globally, with an estimated resource of 4.7 billion tonnes, including 28.2 million tonnes of total rare earth oxides [5]. - The Tanbreez Project is strategically located in Southern Greenland, providing year-round direct shipping access via deep water fjords to the North Atlantic Ocean [5]. Key Appointments and Expertise - Michael C. Ryan brings extensive experience from the U.S. Air Force and the Department of Defense, where he served as Deputy Assistant Secretary of Defense for European and NATO Policy [2][3][4]. - His military background and knowledge of defense policy are expected to enhance the company's governance and strategic direction, particularly in relation to defense applications of critical minerals [3][4]. Strategic Importance of Critical Minerals - Rare earth elements and critical minerals are vital for national security and defense applications, which are increasingly important for the West [4]. - The company aims to position itself as a reliable supplier of these essential materials, contributing to the clean energy transition and next-generation technologies [7]. Additional Projects - The Wolfsberg Lithium Project, located in Austria, is the first fully permitted lithium mine in Europe and is expected to be a major producer of lithium products for the European market [6]. - This project is strategically located with access to established infrastructure, enhancing its potential as a valuable asset in the company's critical metals portfolio [6].
Critical Metals Corp. Announces the Appointment of Michael C. Ryan to Board of Directors
Globenewswire· 2025-02-26 14:15
Core Viewpoint - Critical Metals Corp has appointed Michael C. Ryan as an independent director, effective March 1, 2025, to enhance its governance as it advances its strategic rare earth asset development [1][2][3]. Company Overview - Critical Metals Corp is a leading mining development company focused on critical metals and minerals essential for electrification and next-generation technologies for Europe and its western partners [5][7]. - The company's flagship project, Tanbreez, is one of the world's largest rare earth deposits, with an estimated resource of 4.7 billion tonnes, including 28.2 million tonnes of total rare earth oxides [5][6]. Strategic Importance - The Tanbreez Project contains over 27% heavy rare earth elements, which are crucial for defense applications, highlighting the project's strategic importance [2][4]. - The Wolfsberg Lithium Project, located in Austria, is the first fully permitted mine in Europe and is expected to be a major producer of lithium products to support the European market [6][7]. Leadership and Expertise - Michael C. Ryan brings over 40 years of military and public sector experience, including his recent role as Deputy Assistant Secretary of Defense for European and NATO Policy [2][3][4]. - His military background and familiarity with defense policy are expected to enhance the company's governance and strategic direction [3][4].