Critical Metals plc / EPIC: CRTM / Market: Main Market

27 February 2023

Critical Metals plc

("Critical Metals" or the "Company") 

Exercise of Warrants

Critical Metals plc, a mining investment company established to acquire mining opportunities in the critical and strategic metals sector, is pleased to announce that it has received warrant exercise notices to subscribe for a total of 615,000 new ordinary shares of £0.005 each in the Company ("Ordinary Shares") (the "Warrant Shares"). 

A total of 600,000 Warrant Shares have been exercised at a price of 10 pence per Ordinary Share and the remaining 15,000 Warrant Shares at an exercise price of 5 pence per Ordinary Share, resulting in total gross proceeds to the Company of £60,750.

Admission

Application has been made for the 615,000 Warrant Shares to be admitted to the standard segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange, and admission of the Warrant Shares is expected to occur on or around 1 March 2023 ("Admission"). The Warrant Shares will rank pari passu with the existing Ordinary Shares.

For the purpose of the Disclosure and Transparency Rules, following Admission the enlarged issued share capital of the Company will comprise 59,662,235 Ordinary Shares. The Company does not hold any shares in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

**ENDS**

For further information on the Company please visit www.criticalmetals.co.uk or contact: 

About Critical Metals

Critical Metals PLC has acquired a controlling 100% stake in Madini Occidental Limited, which holds an indirect 70% interest in the Molulu copper/cobalt project, an ex-producing medium-scale asset in the Katangan Copperbelt in the Democratic Republic of Congo. In line with its investment strategy of focusing primarily on known deposits, targeting projects with low entry costs and the potential to generate short-term cash flow; the Company intends to produce 120,000t/per annum of Copper Oxide Ore.

The Company will continue to identify future assets that are in line with its stated acquisition objective of low CAPEX and OPEX projects with near-term production, concentrating on minerals that are perceived to have strategic importance to future economic growth and generate significant value for shareholders.