Strengthens balance sheet to support continued development of its flagship Tanbreez rare earth project in Greenland
NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) — Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, today announced that it has entered into a securities purchase agreement with a fundamental institutional investor to raise $50,000,000 of gross proceeds via a private investment in public equity (“PIPE”) transaction. The Company intends to use the net proceeds from the offering to help fund the development of its 4.7 billion metric ton rare earth deposit, Tanbreez, in Greenland.
“This financing further strengthens our balance sheet and demonstrates continued investor confidence in Critical Metals Corp as we advance our strategic portfolio of critical mineral assets,” said Tony Sage, CEO and Chairman of Critical Metals Corp. “The proceeds will support our development efforts at Tanbreez, one of the world’s largest rare earth deposits in Greenland, which is expected to help address the growing demand for heavy rare earths in the West. We are pleased to welcome the support of our investors as we work to become a reliable supplier of critical minerals.”
Under the terms of the securities purchase agreement, the Company is issuing, for an aggregate purchase price of $50 million, an aggregate of 1.47 million ordinary shares (the “PIPE Shares”) and pre-funded warrants to purchase an aggregate of approximately 1.56 million shares. The shares and warrants are subject to resale registration rights.
Advisors
Jett Capital Advisors, LLC, and Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC acted as Placement Agents for the Private Placement.
White & Case LLP served as legal counsel to Critical Metals Corp.
The securities being sold in the PIPE have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws and accordingly may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities being offered in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
