Core Insights - Critical Metals Corp has entered into a securities purchase agreement to raise $35 million through a private investment in public equity (PIPE) transaction, aimed at advancing the commercialization of its Tanbreez rare earth deposit in Greenland [1][2] Company Overview - Critical Metals Corp is a leading mining development company focused on critical metals and minerals, with its flagship project, Tanbreez, being one of the largest rare earth deposits globally, located in Southern Greenland [6] - The company also holds the Wolfsberg Lithium Project in Austria, which is the first fully permitted lithium mine in Europe, strategically positioned to support the European market [7][8] Financial Details - The PIPE transaction involves the issuance of 5 million ordinary shares and warrants to purchase an additional 10 million shares at a strike price of $7.00 per share, with a six-year expiration for the warrants [2] - The net proceeds from the PIPE will be utilized to fund the development of the 4.7 billion metric ton rare earth deposit at Tanbreez [1][2] Strategic Importance - The financing from a fundamental institutional investor highlights the growing demand for heavy rare earths in the West and validates the opportunities for Critical Metals Corp and its Tanbreez project [2] - The company aims to become a reliable supplier of critical minerals essential for defense applications and the clean energy transition [8]