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

17 March 2023

Critical Metals plc

("Critical Metals" or the "Company") 

Exercise of Warrants and Warrant Term Extension

Critical Metals plc, a mining investment company established to acquire mining opportunities in the critical and strategic metals sector, announces that it has received warrant exercise notices to subscribe for a total of 200,000 new ordinary shares of £0.10 each and an additional 50,000 ordinary shares at £0.05 each in the Company ("Ordinary Shares") (the "Warrant Shares"). 

A total of 250,000 Warrant Shares have been exercised resulting in total gross proceeds to the Company of £22,500.

Admission

Application has been made for the 250,000 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 21 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 59,912,235 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.

Extension of Warrants granted in September 2020

In addition, due to the recent passing of a warrant holder and upon receiving a request from the Estate of the deceased, the Company announces its intention to extend the exercise period of a total of 5,225,714 warrants, which are exercisable on or before the 31 March 2023: (i) 1,740,000 warrants exercisable at 10 pence per share ("10p Warrants"); and (ii) 3,485,714 warrants exercisable at 5 pence per share ("5p Warrants") (together the "IPO Warrants").  These IPO Warrants were granted at the time of the admission of the Company's Ordinary Shares to the standard segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange plc on 29 September 2020.

All other terms and conditions of the Warrants remain unchanged.

**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.