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NEW YORK, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (Critical Metals Corp), a starring mining improvement institution focused connected captious metals and minerals and producing strategical products indispensable to electrification and adjacent procreation technologies for Europe and its occidental satellite partners done its Tanbreez Greenland Rare Earth Mine and Wolfsberg Lithium Project, contiguous announced its Board of Directors has approved a broad bitcoin (BTC) treasury strategy, adopting BTC arsenic a superior plus successful its treasury program.
As portion of the convertible enactment financing, led by JBA Asset Management, Critical Metals Corp whitethorn person entree up to $500 cardinal to acquisition BTC taxable to the conditions of the Transaction (JO:) Documents, with $100 cardinal closing successful the archetypal tranche, which whitethorn beryllium utilized to acquisition BTC, taxable to definite conditions being met. The $100 cardinal archetypal tranche was issued with 100% warrant sum and consequent tranches totaling up to $400 cardinal astatine the Buyers discretion volition person 50% warrant coverage. This makes Critical Metals Corp the archetypal Nasdaq-listed captious minerals companies to follow bitcoin arsenic a superior treasury reserve asset.
The convertible notes are chiefly secured by the currency raised and immoderate imaginable BTC purchased successful transportation with the financing. The notes are convertible into communal banal of the institution astatine a fixed conversion terms of $6.00 per stock and the warrants are convertible astatine $7.00.
Tony Sage, Executive Chairman and CEO of Critical Metals Corp., commented, Incorporating a bitcoin allocation to our treasury absorption strategy is an innovative attack that we judge volition fortify our equilibrium expanse and make agelong word shareholder value. As the archetypal Nasdaq-listed captious minerals companies to follow a bitcoin treasury strategy, we judge this attack provides some ostentation extortion and appreciation imaginable without dilution risk. This strategy aligns with broader occidental authorities initiatives astir bitcoin adoption, including President Trump's caller advocacy for a nationalist bitcoin stockpile. As a cardinal supplier of captious minerals to occidental nations, our bitcoin treasury strategy further strengthens our presumption arsenic a reliable spouse successful unafraid proviso chains, portion protecting our equilibrium expanse from currency debasement risks.
Critical Metals Corp's bitcoin acquisition strategy volition beryllium implemented done a disciplined attack guided by marketplace dynamics and the Company's currency travel requirements. The Company maintains flexibility to modify its attack based connected evolving circumstances and strategical considerations.
Advisors
Cohen & Company Capital Markets, a part of J.V.B. Financial Group, LLC, and Jett Capital Advisors, LLC acted arsenic fiscal advisor to Critical Metals successful the Transaction. Sichenzia Ross Ference Carmel LLP acted arsenic counsel to Critical Metals successful the transaction.
About Critical Metals Corp.
Critical Metals Corp (Nasdaq: CRML) is simply a starring mining improvement institution focused connected captious metals and minerals, and producing strategical products indispensable to electrification and adjacent procreation technologies for Europe and its occidental satellite partners. Its archetypal flagship plus is the Wolfsberg Lithium Project located successful Carinthia, 270 km southbound of Vienna, Austria. The Wolfsberg Lithium Project is the archetypal afloat permitted excavation successful Europe and is strategically located with entree to established roadworthy and obstruction infrastructure and is expected to beryllium the adjacent large shaper of cardinal lithium products to enactment the European market. Wolfsberg is good positioned with offtake and downstream partners to go a unsocial and invaluable gathering artifact successful an expanding geostrategic captious metals portfolio. The Tanbreez Project represents 1 of the world's largest uncommon world deposits. With this strategical plus portfolio, Critical Metals Corp is positioned to go a reliable and sustainable supplier of captious minerals indispensable for defence applications, cleanable vigor transition, and next-generation technologies successful the occidental world.
For much information, delight sojourn https://criticalmetalscorp.com/.
Cautionary Note Regarding Forward Looking Statements
This quality merchandise contains forward-looking statements wrong the meaning of Section 27A of the Securities Act of 1933, arsenic amended, and Section 21E of the Securities Exchange Act of 1934, arsenic amended (the Exchange Act). Forward-looking statements include, without limitation, statements regarding the fiscal position, fiscal performance, concern strategy, expectations of our concern and the plans and objectives of absorption for aboriginal operations. These statements represent projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements tin beryllium identified by the information that they bash not subordinate strictly to humanities oregon existent facts. When utilized successful this quality release, forward-looking statements whitethorn beryllium identified by the usage of words specified arsenic estimate, plan, project, forecast, intend, will, expect, anticipate, believe, seek, target, designed to oregon different akin expressions that foretell oregon bespeak aboriginal events oregon trends oregon that are not statements of humanities facts. In addition, immoderate statements that notation to projections, forecasts oregon different characterizations of aboriginal events oregon circumstances, including immoderate underlying assumptions, are forward-looking statements.
Forward-looking statements are taxable to known and chartless risks and uncertainties and are based connected perchance inaccurate assumptions that could origin existent results to disagree materially from those expected oregon implied by the forward-looking statements. Actual results could disagree materially from those anticipated successful forward-looking statements for galore reasons, including the factors discussed nether the Risk Factors conception successful the Company's Shell (LON:) Company Report connected Form 20-F filed with the U.S. Securities and Exchange Commission. These forward-looking statements are based connected accusation disposable arsenic of the day of this quality release, and expectations, forecasts and assumptions arsenic of that date, impact a fig of judgments, risks and uncertainties. Accordingly, forward-looking statements should not beryllium relied upon arsenic representing our views arsenic of immoderate consequent date, and we bash not undertake immoderate work to update forward-looking statements to bespeak events oregon circumstances aft the day they were made, whether arsenic a effect of caller information, aboriginal events oregon otherwise, but arsenic whitethorn beryllium required nether applicable securities laws.
Critical Metals Corp.
Investor Relations: ir@criticalmetalscorp.com
Media: pr@criticalmetalscorp.com
Source: Critical Metals Corp
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