Group 1 - SPACs (Special Purpose Acquisition Companies) provide a streamlined method for private companies to go public, bypassing the complexities of traditional IPOs [1] - SPACs have attracted significant investor interest, particularly from those looking for alternative investment opportunities [1] Group 2 - Grassroots Trading emphasizes objective and unbiased research, focusing on small- to mid-cap companies while also identifying opportunities in larger companies [1]

Trading and Financial Information - The company's ordinary shares and warrants began trading on the Nasdaq Capital Market on February 28, 2024, under the symbols "CRML" and "CRMLW" respectively[254]. - There are currently no significant changes reported in the company's financial information[254]. - The Company is subject to the informational requirements of the Exchange Act, including filing reports with the SEC[305]. - The Company is exempt from certain rules under the Exchange Act, including those related to proxy statements and short swing profit recovery provisions[306]. Tax Considerations - The company has not sought any IRS rulings regarding U.S. federal income tax considerations for U.S. Holders[283]. - The tax treatment of cashless exercises of Public Warrants remains unclear under current tax law[266]. - U.S. Holders may face different tax consequences if the company is treated as a Passive Foreign Investment Company (PFIC)[269]. - The company has not provided assurance regarding the timely knowledge of its PFIC status in the future[273]. - The company does not intend to seek any rulings from the IRS regarding tax matters discussed[283]. - The Company has not made a determination regarding its Passive Foreign Investment Company (PFIC) status for its most recent taxable year, which is assessed annually based on income and asset composition[291]. - If classified as a PFIC, U.S. Holders may face adverse tax rules on gains recognized from the sale of ordinary shares or Public Warrants, including excess distributions[292]. - U.S. Holders can avoid excess distribution rules by making a timely Qualified Electing Fund (QEF) election, which allows them to include their share of the Company's net capital gains and earnings in income[294]. - The QEF election is made on a shareholder-by-shareholder basis and can only be revoked with IRS consent[295]. Financial Performance and Condition - The company incurred net losses of $147.5 million and $5.5 million for the years ended June 30, 2024, and June 30, 2023, respectively[407]. - As of June 30, 2024, the company had net cash outflows from operating activities of $15.1 million and a working capital deficit of $13.8 million[407]. - The company raised cash proceeds of $10 million from PIPE Financing in connection with the Business Combination[383]. - Following the Business Combination, the company received $879,934 from the exercise of Public Warrants and $6 million from Private Warrants[408]. - The company plans to seek additional capital through equity or debt financing to fund ongoing operations and future capital needs[385]. - The company does not expect to declare any dividends in the foreseeable future[377]. - The company is dependent on its ability to successfully access capital and financial markets to fund its operations and growth[385]. - The company has significant increased expenses and administrative burdens as a result of being a public company[373]. - The company faces substantial doubt about its ability to continue as a going concern unless it raises additional capital[382]. Internal Controls and Audit - The Company lacks necessary controls for accurate accounting of related party transactions and complex financial instruments[313][314]. - The Company identified six significant deficiencies in internal control over financial reporting, including issues with accounts payable and accrued expenses[361]. - The Company aims to implement measures to remediate identified deficiencies, although no assurance can be given regarding their sufficiency[363]. - The Company has concluded that there are significant deficiencies in internal control over financial reporting, which could result in material misstatements[358]. - The Company reported audit fees of $260,960 for the fiscal year ended June 30, 2024, compared to $123,085 for the previous year, representing a 112% increase[365]. - Audit-related fees increased to $94,760 in 2024 from $42,230 in 2023, reflecting a 124% rise[365]. - Total fees for professional services amounted to $355,720 in 2024, up from $165,315 in 2023, indicating a 115% increase[365]. Market and Operational Risks - The Company is subject to market risks, including credit risk and foreign currency exchange risk, which could adversely affect financial performance[335][336]. - The Company lacks adequate cybersecurity measures, which could lead to financial loss and operational disruptions[342]. - The company is classified as a foreign private issuer and complies with British Virgin Islands corporate governance practices[350]. - The Company has not maintained sufficient personnel to ensure proper segregation of duties in accounting and information systems[340]. - The company has not realized any revenues to date from the sale of lithium or any other critical minerals mined from its properties[415]. - The company is substantially dependent on the continued growth of the electric vehicle industry and other industries focused on next-generation technology[418]. - The company faces significant risks including higher than expected extraction costs and lower than expected grades of lithium concentrate[416]. - The company’s future performance is difficult to evaluate due to its limited operating history in the mining and battery metals sector[434]. - The company’s success largely depends on long-term market prices for lithium and rare earth products remaining higher than its realized costs[443]. - The company anticipates that its products may be delivered to customers on an early trial deployment basis, which could affect future orders[422]. - The company’s ability to generate revenues and operate profitably depends on its ability to negotiate and maintain binding sales agreements with customers[440]. Business Agreements - The company has entered into a long-term Offtake Agreement with BMW, which includes an advance payment of $15.0 million, secured by a bank guarantee[441]. - The company aims to derive revenues from the extraction and sale of lithium hydroxide, rare earths, and their byproducts, but prices may fluctuate widely due to various uncontrollable factors[425]. - The company has declared mineral resources related to the Wolfsberg Project but has not yet begun to extract minerals from any of its properties[433].

Core Insights - Critical Metals Corp has identified two new high-grade areas of rare earth materials in the Tanbreez Project, enhancing the project's upside potential significantly [2][3] - The company has secured a reliable and cost-effective power supply through collaboration with the Greenland Government, optimizing its development strategy [2][3] Project Development - The Tanbreez Project is one of the largest rare earth assets globally, located in Southern Greenland, and aims to produce up to 3.0 metric tons of rare earth materials annually [3] - The mining strategy has evolved to focus on run of the mill ore with a ZrO2 grade of 1.7-1.9%, producing a concentrate with 10% ZrO2, 2.5% REO (30% heavy REO), 1.0% Nb2O5, and 0.15% Ta2O5 and HfO2 [3] High-Grade Areas - Three high-grade areas were examined during the past field season, including: - Horizon Zero, with a thickness of 2-5m and a grade of about 5% ZrO2, previously not intended for mining [4] - Area G, featuring high-grade pegmatites with grain sizes up to 30cm, facilitating extraction [4] - EALS, a newly discovered zone with extreme grades and grain sizes reaching up to 3m [4] Strategic Positioning - Critical Metals Corp is focused on producing strategic products essential for electrification and next-generation technologies for Europe and its partners [1][5] - The Wolfsberg Lithium Project, another key asset, is positioned to become a major producer of lithium products in Europe, enhancing the company's critical metals portfolio [5]

Core Insights - Critical Metals Corp has received an extension for its exclusive Exploitation License from the Greenland government for the Tanbreez Project, a significant milestone indicating local support and job creation potential [1][2][3] - The company has successfully completed its diamond drilling program, with rare earth material samples sent for analysis, and results are expected in the coming months [1][4] Exploitation License Extension - The Greenland government has extended the deadlines under the Exploitation License for the Tanbreez Project (License No. 2020-54) to 2028, requiring the submission of exploitation and closure plans by the end of 2025, financial security and company guarantee by June 30, 2026, and commencement of mineral exploitation by the end of 2028 [3] Diamond Drilling Program - The diamond drilling program has concluded, with all extracted rare earth materials safely stored, and a portion sent to ALS laboratory in Ireland for analysis, with test results anticipated over the next several months [4]

NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) ("Critical Metals Corp"), 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 the launch of a diamond drilling program at the Tanbreez Greenland Rare Earth Mine (the "Tanbreez Project"). The drilling program consists of 14 holes with a total cumulativ ...

. ● ● Hasetins Intensifies Exploration for Critical Metals August 19, 2024 12:22 PM EDT | Source: United Press Geneva, Switzerland--(Newsfile Corp. - August 19, 2024) - Hasetins announces an increase in exploration investment for critical metals across its global mining operations. The move is aimed at driving growth in production capacity and increasing the supply of these much needed metals across the globe. With the ever-increasing demands for critical metals, Hasetins has invested in advanced exploratio ...

In exchange for a 36.45% interest in Tanbreez Mining Greenland A/S ("Tanbreez"), Critical Metals Corp issued 8.4 million CRML shares to Rimbal. This transaction builds on Critical Metals Corp's previously announced initial acquisition of a 5.55% stake in Tanbreez in exchange for an investment of $5.0 million in Rimbal, increasing the Company's total interest in Tanbreez to 42%. About Critical Metals Corp Act"). Forward-looking statements include, without limitation, statements regarding the ability to consu ...

The Company intends to use the proceeds of the offering for the exploration on the Quebec side of the Company's Pense-Montreuil Project which straddles the Ontario-Quebec border. Historical work has identified zinc-copper-nickel mineralization with minor cobalt values. Airborne electromagnetic and magnetic surveys ("EM" and "MAG") and follow-up ground truthing by the Company have identified over 5 untested, short strike length, EM and coincident magnetic anomalies on the Quebec portion of the project with g ...

Critical Metals Corp and Obeikan Group have signed a Shareholders Agreement and are progressing with incorporation of the joint venture company, Arabian New Energy NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Critical Metals Corp. (NASDAQ:CRML) ("Critical Metals Corp"), 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 Critic ...

NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- Critical Metals Corp. (NASDAQ:CRML) ("Critical Metals Corp"), 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 it has been selected for inclusion in the Russell 2000® Index, Russell 3000® Index, and the Russell Microcap® Index, effective at the open of US equity markets on Monday, ...