Critical Metals Corp $50 Million PIPE Financing and Rare Earths Development FAQ

What is the main announcement from Critical Metals Corp?

Critical Metals Corp has entered into a $50 million private investment in public equity (PIPE) transaction with an institutional investor to fund development of its Tanbreez rare earth deposit in Greenland.

How much money is Critical Metals Corp raising and how will it be used?

The company is raising $50 million in gross proceeds through the PIPE transaction, with net proceeds intended to fund development of its 4.7 billion metric ton Tanbreez rare earth deposit in Greenland.

Why is this financing significant for Critical Metals Corp?

This financing strengthens the company’s balance sheet, demonstrates investor confidence, and supports development of one of the world’s largest rare earth deposits to address growing Western demand for heavy rare earths.

What specific securities are being issued in this PIPE transaction?

The company is issuing 1.47 million ordinary shares and pre-funded warrants to purchase approximately 1.56 million shares, all subject to resale registration rights.

Where is the Tanbreez project located and what makes it strategically important?

The Tanbreez rare earth deposit is located in Southern Greenland and features year-round direct shipping access via deep water fjords leading to the North Atlantic Ocean, making it one of the world’s largest rare earth deposits.

Who are the key advisors and legal counsel involved in this transaction?

Jett Capital Advisors, LLC and Cohen & Company Capital Markets acted as Placement Agents, while White & Case LLP served as legal counsel to Critical Metals Corp.

What other key assets does Critical Metals Corp own besides Tanbreez?

The company also owns the Wolfsberg Lithium Project in Carinthia, Austria, which is the first fully permitted lithium mine in Europe with established infrastructure and offtake partners.

What is the strategic importance of Critical Metals Corp’s mineral portfolio?

The company’s portfolio of critical metals and minerals is essential for electrification and next-generation technologies, positioning it as a reliable supplier for the United States, Europe, and Western partners.

Are the securities being offered registered with the SEC?

No, the securities have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without SEC registration or an applicable exemption.

Who is the CEO and what did they say about this transaction?

Tony Sage, CEO and Chairman of Critical Metals Corp, stated that this financing demonstrates continued investor confidence and will support development efforts at Tanbreez to address growing demand for heavy rare earths in the West.