Critical metals and minerals

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Critical Metals Corp Announces Gross Proceeds of $2MM USD from the Exercise of Warrants Priced at $5.00 USD from Institutional Fund
Globenewswire· 2025-05-29 12:56
Core Viewpoint - Critical Metals Corp has exercised outstanding warrants to purchase 400,000 ordinary shares at an exercise price of $5.00 per warrant, generating approximately $2 million in gross proceeds, which will be used to advance its critical mineral projects in Greenland and Europe [1][2][3]. Group 1: Financial Actions - The company exercised warrants for 400,000 shares, resulting in gross proceeds of about $2 million [1]. - The exercise of warrants led to the removal of restrictions on an additional 1,200,000 ordinary shares [1]. Group 2: Project Development - The net proceeds from the warrant exercise will primarily support the development of the Tanbreez Project in Greenland and the Wolfsberg Project in Austria [2][3]. - The Tanbreez Project is one of the largest rare earth deposits globally, located in Southern Greenland, with year-round shipping access [4]. - The Wolfsberg Lithium Project is the first fully permitted mine in Europe, strategically positioned to become a major producer of lithium products for the European market [5]. Group 3: Strategic Positioning - Critical Metals Corp aims to be a reliable supplier of critical minerals essential for defense applications and the clean energy transition [6]. - The company is focused on producing strategic products necessary for electrification and next-generation technologies for Europe and its partners [4][6].
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]