Critical Metals Corp. Announces Commencement of Bitcoin Treasury Strategy and Related Financing to Acquire Up to $500 million of BTC
21 1월 2025 - 11:25PM
Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp”), a
leading mining development company focused on critical metals and
minerals and producing strategic products essential to
electrification and next generation technologies for Europe and its
western world partners through its Tanbreez Greenland Rare Earth
Mine and Wolfsberg Lithium Project, today announced its Board of
Directors has approved a comprehensive bitcoin (“BTC”) treasury
strategy, adopting BTC as a primary asset in its treasury program.
As part of the convertible note financing, led
by JBA Asset Management, Critical Metals Corp may have access up to
$500 million to purchase BTC subject to the conditions of the
Transaction Documents, with $100 million closing in the first
tranche, which may be used to purchase BTC, subject to certain
conditions being met. The $100 million first tranche was issued
with 100% warrant coverage and subsequent tranches totaling up to
$400 million at the Buyers discretion will have 50% warrant
coverage. This makes Critical Metals Corp the first Nasdaq-listed
critical minerals companies to adopt bitcoin as a primary treasury
reserve asset.
The convertible notes are primarily secured by
the cash raised and any potential BTC purchased in connection with
the financing. The notes are convertible into common stock of the
company at a fixed conversion price of $6.00 per share and the
warrants are convertible at $7.00.
Tony Sage, Executive Chairman and CEO of
Critical Metals Corp., commented, “Incorporating a bitcoin
allocation to our treasury management strategy is an innovative
approach that we believe will strengthen our balance sheet and
create long term shareholder value. As the first Nasdaq-listed
critical minerals companies to adopt a bitcoin treasury strategy,
we believe this approach provides both inflation protection and
appreciation potential without dilution risk. This strategy aligns
with broader western government initiatives around bitcoin
adoption, including President Trump's recent advocacy for a
national bitcoin stockpile. As a key supplier of critical minerals
to western nations, our bitcoin treasury strategy further
strengthens our position as a reliable partner in secure supply
chains, while protecting our balance sheet from currency debasement
risks.”
Critical Metals Corp's bitcoin acquisition
strategy will be implemented through a disciplined approach guided
by market dynamics and the Company's cash flow requirements. The
Company maintains flexibility to modify its approach based on
evolving circumstances and strategic considerations.
Advisors
Cohen & Company Capital Markets, a division
of J.V.B. Financial Group, LLC, and Jett Capital Advisors, LLC
acted as financial advisor to Critical Metals in the Transaction.
Sichenzia Ross Ference Carmel LLP acted as counsel to Critical
Metals in the transaction.
About Critical Metals Corp.
Critical Metals Corp (Nasdaq: CRML) is a leading
mining development company focused on critical metals and minerals,
and producing strategic products essential to electrification and
next generation technologies for Europe and its western world
partners. Its initial flagship asset is the Wolfsberg Lithium
Project located in Carinthia, 270 km south of Vienna, Austria. The
Wolfsberg Lithium Project is the first fully permitted mine in
Europe and is strategically located with access to established road
and rail infrastructure and is expected to be the next major
producer of key lithium products to support the European market.
Wolfsberg is well positioned with offtake and downstream partners
to become a unique and valuable building block in an expanding
geostrategic critical metals portfolio. The Tanbreez Project
represents one of the world's largest rare earth deposits. With
this strategic asset portfolio, Critical Metals Corp is positioned
to become a reliable and sustainable supplier of critical minerals
essential for defense applications, clean energy transition, and
next-generation technologies in the western world.
For more information, please visit
https://criticalmetalscorp.com/.
Cautionary Note Regarding Forward
Looking Statements
This news release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”). Forward-looking
statements include, without limitation, statements regarding the
financial position, financial performance, business strategy,
expectations of our business and the plans and objectives of
management for future operations. These statements constitute
projections, forecasts and forward-looking statements, and are not
guarantees of performance. Such statements can be identified by the
fact that they do not relate strictly to historical or current
facts. When used in this news release, forward-looking statements
may be identified by the use of words such as “estimate,” “plan,”
“project,” “forecast,” “intend,” “will,” “expect,” “anticipate,”
“believe,” “seek,” “target,” “designed to” or other similar
expressions that predict or indicate future events or trends or
that are not statements of historical facts. In addition, any
statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements.
Forward-looking statements are subject to known
and unknown risks and uncertainties and are based on potentially
inaccurate assumptions that could cause actual results to differ
materially from those expected or implied by the forward-looking
statements. Actual results could differ materially from those
anticipated in forward-looking statements for many reasons,
including the factors discussed under the “Risk Factors” section in
the Company’s Shell Company Report on Form 20-F filed with the U.S.
Securities and Exchange Commission. These forward-looking
statements are based on information available as of the date of
this news release, and expectations, forecasts and assumptions as
of that date, involve a number of judgments, risks and
uncertainties. Accordingly, forward-looking statements should not
be relied upon as representing our views as of any subsequent date,
and we do not undertake any obligation to update forward-looking
statements to reflect events or circumstances after the date they
were made, whether as a result of new information, future events or
otherwise, except as may be required under applicable securities
laws.
Critical Metals Corp.
Investor Relations: ir@criticalmetalscorp.com
Media: pr@criticalmetalscorp.com
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