GlobeNewswire·Nov 11, 2026, 9:05 AM ET

Critical Metals Corp (Nasdaq: CRML) Delivers 2026 Objectives: 100% of Tanbreez, US$264.5 Million in Cash and 194.2 Million Shares Outstanding; Sets 2027 Roadmap

CRML

Acquisition of European Lithium completed on November 5, 2026, making it a wholly owned subsidiary.
Critical Metals Corp now holds 100% ownership of the Tanbreez rare earth project in Greenland.
Post-merger cash balance is approximately US$264.5 million.
Total ordinary shares outstanding stand at 194,219,631, excluding 45,536,338 shares held by the subsidiary that carry no voting or dividend rights.
The Government of Greenland approved the Tanbreez Mining Plan and Closure Plan with validity extending to 2050.
A binding 15-year offtake agreement was signed with REalloys covering up to 15% of Tanbreez concentrate production.
Tanbreez definitive feasibility study is targeted for Q4 2027, with first ore production aimed for late 2028 to early 2029.
A strategic review of all non-core assets is currently in progress to determine future disposition.
The company reported 2026 achievements including securing mine approvals, completing field drilling, proving a refining route, and acquiring a local operating base.
The U.S. Export Import Bank previously issued a Letter of Interest for up to $120 million toward Tanbreez financing.
The company holds investments in CuFe Ltd, Moab Minerals Limited, Helix Resources Limited, Pan African Niger Limited, and senior bank debt from Velta LLC.
2027 objectives include delivering the definitive feasibility study, securing operating permits, converting term sheets to binding agreements, and advancing project financing.
The Tanbreez deposit contains heavy rare earths like dysprosium and terbium with year-round deep water shipping access to the North Atlantic.
The Wolfsberg Lithium Project in Austria remains a key asset as the first fully permitted mine in Europe.

Company: Critical Metals Corp
Keywords: Nasdaq:CRML, Critical Metals Corp