US Critical Metals Secures $1M USD and Corporate Equity for All Sheep Creek Participation Rights

Core Viewpoint - US Critical Metals Corp. has entered into a definitive agreement to exchange its rights under the Original Agreement for a total value of US$1,500,000, which includes cash and shares of U.S. Critical Materials Corp. [2][3] Transaction Details - The Purchase Agreement includes the discontinuation of the Company's option for further equity participation in the Sheep Creek Project and its joint venture rights [1] - The Company will receive US$500,000 in cash upon execution of the Agreement, another US$500,000 within six months, and 500,000 shares of common stock of Materials at Closing [6] Strategic Rationale - The transaction provides non-dilutive capital to the Company while allowing both companies to focus on their respective priorities [3] - The Company retains a 500,000-share position in Materials, ensuring continued benefits from progress at Sheep Creek [3][7] - The transaction strengthens the Company's balance sheet and allows prioritization of projects where it maintains majority ownership and operational control, particularly the McDermitt East Lithium Project [7] Company Overview - US Critical Metals Corp. focuses on mining projects that secure the U.S. supply of critical metals essential for the new age economy [3] - The Company's assets include four discovery-focused projects in the U.S.: McDermitt East Lithium Project, Clayton Ridge Lithium Property, Long Canyon Uranium Property, and Haynes Cobalt Property [3]