Austrian Government Extends Critical Metals Corp’s Wolfsberg Mining License

Core Insights - Critical Metals Corp has successfully renewed the Wolfsberg mining license for an additional 2 years, countering previous media inaccuracies [1][5] - The lithium market has experienced a significant rebound, with battery-grade lithium carbonate prices in China rising to approximately US$23,000–24,000 per tonne, reflecting over 40% gains in the past month and more than 100% year-over-year increases [2][3] - A decision regarding the commencement of mining operations at the Wolfsberg project is expected by the end of 2026, contingent on favorable market conditions [2][5] Company Overview - Critical Metals Corp is a prominent mining development company focused on critical metals and minerals essential for electrification and next-generation technologies, with its flagship project being the Tanbreez rare-earth deposit in Southern Greenland [8][10] - The Wolfsberg Lithium Project, located in Carinthia, Austria, is recognized as one of Europe's most advanced lithium assets, designed to supply high-quality spodumene concentrate to the European electric vehicle and battery storage markets [7][9] - The company is strategically positioned to become a reliable supplier of critical minerals, supporting the energy transition and defense applications in the western world [10]