Critical Metals Corp.

Critical Metals Corp. is a junior lithium and rare earth development company headquartered in Tortola, British Virgin Islands, operating primarily in Europe. The company's portfolio consists of 2 development projects. Key assets include Wolfsberg and Tanbreez. The organization is a development-stage company focused on critical minerals essential for electrification and next-generation technologies. Its business model centers on acquiring, exploring, and developing unique, permitted mining assets positioned to benefit from supportive regulatory environments. The operational approach aims to establish a sustainable, reliable, and long-term supply chain for customers in the western hemisphere, supporting the production of a wide range of commercial and defense-related products. A key competitive advantage is the strategic positioning of its assets near key end-markets, including planned battery giga factories and major automotive manufacturers, which is expected to reduce logistical costs and improve supply chain security for customers. The company seeks to differentiate itself by centralizing the supply chain for critical materials, thereby reducing western dependence on foreign imports and enhancing national security for its partners. This approach is designed to help customers meet their environmental, social, and governance objectives.

The primary strategy involves acquiring, exploring, and developing unique, permitted critical metals assets that are expected to benefit from regulatory tailwinds and long-term secular trends in next-generation technology. A core objective is to develop a low-cost, highly sustainable source of processed compounds, providing manufacturers with improved continuity of supply and reducing dependence on non-western supply chains. The business strategy encompasses becoming a key supplier for battery and EV manufacturers, helping them meet environmental commitments. The organization intends to evaluate and pursue acquisitions of complementary companies, assets, products, or technologies that leverage its existing knowledge base and skill sets. This includes participating in both public auction processes and private negotiations for new assets. The enterprise also plans to form strategic collaborations, such as the one with Obeikan Investment Group to build and operate a processing plant, which is expected to reduce capital and operating expenditures and lower energy costs.

Executive leadership includes a Chief Executive Officer with over 35 years of experience in corporate advisory, funds management, and capital raising within the resource sector, and a President of European Operations with more than 30 years in operational management for both underground and open-cut mines. The board of directors consists of 5 members, 4 of whom are independent, and is structured into 3 classes with staggered 3-year terms. Board oversight is managed through an audit committee, a compensation committee, and a nominating and corporate governance committee. The audit committee is composed of 2 independent members, one of whom qualifies as an audit committee financial expert. As a "controlled company" and "foreign private issuer," the organization qualifies for and utilizes certain exemptions from Nasdaq corporate governance requirements. The largest shareholder, European Lithium, retains the right to nominate a specified number of directors based on its voting power, as outlined in an Investors Agreement.

The organization's sustainability approach includes managing environmental, health, and safety regulations and permitting requirements. An environmental baseline study has been completed to support a compulsory and independent second mine access, with findings incorporated into a definitive feasibility study. A comprehensive application for a pre-assessment of the Environmental Impact Assessment Determination Procedure has been filed with the state government, based on several years of environmental observation and documentation. The enterprise manages an ongoing hydrogeology monitoring program, with data feeding into an annual report. Management recognizes the need to protect the environment and is actively discussing the process for achieving carbon neutral certification for its operations. The company is also subject to land reclamation and mine closure requirements, which involve minimizing land disturbance and controlling effluent discharge.

The corporate structure was established through a business combination with Sizzle Acquisition Corp., which was consummated on February 27, 2024. European Lithium Limited is the controlling shareholder. In June 2024, the company entered into an agreement with Rimbal Pty Ltd. to acquire an interest in Tanbreez Mining Greenland A/S, securing an initial 5.55% stake for a cash payment and subsequently increasing its ownership to 42% in July 2024 through an issuance of ordinary shares. The agreement includes an option to increase ownership to 92.5% upon meeting certain investment milestones. On July 9, 2024, the organization accepted the assignment of a proposed 50/50 joint venture with Obeikan Investment Group to develop, construct, and operate a hydroxide processing plant. The company also holds a 20% interest in the Weinebene and Eastern Alps Projects, with EV Resources Limited holding the remaining 80%, managed under a collaboration agreement to identify development options. Key operational activities are conducted through subsidiaries including ECM Lithium AT GmbH and Tanbreez Mining Greenland A/S.