Critical Metals Corp. (NASDAQ: CRML) announced it has entered into a securities purchase agreement with institutional investors for a private placement of 5,999,998 ordinary shares at $10.00 per share. The offering is expected to generate gross proceeds of approximately $60 million before deducting offering expenses.

The transaction is scheduled to close on or about April 22, 2026. Clear Street LLC is serving as the sole placement agent for the offering, while White & Case LLP is providing legal counsel to the company.

The company plans to use the net proceeds for working capital purposes, including continued development of its Tanbreez Project. The Tanbreez Project is described as a rare earth deposit located in Southern Greenland.

"This capital accelerates our expansion and positions CRML to emerge as a global leader in critical metals, while strengthening our foundation to create significant value for shareholders," said Tony Sage, CEO and Chairman of Critical Metals Corp.

Critical Metals Corp operates as a mining development company focused on critical metals and minerals. In addition to the Tanbreez Project, the company owns the Wolfsberg Lithium Project in Austria, which the company states is fully permitted and located 270 km south of Vienna.

The securities in the private placement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.