Critical Metals Corp. (Nasdaq: CRML) has secured C$60M in gross proceeds through a private placement of ordinary shares, strengthening its financial position as it accelerates development activities at the Tanbreez Rare Earth Project in Greenland.
The company has entered into a securities purchase agreement with institutional investors for the sale of 5,999,998 ordinary shares at a price of C$10.00 per share. The placement is expected to close on or about 22 April 2026, subject to customary conditions. Clear Street LLC is acting as sole placement agent, with White & Case LLP serving as legal counsel.
Net proceeds from the financing will be used for working capital purposes, including continued advancement of Tanbreez, which Critical Metals regards as one of the most significant undeveloped heavy rare earth projects globally.
Tony Sage, chairman and CEO of Critical Metals Corp., commented, “Today marks a pivotal milestone for Critical Metals with the successful pricing of a C$60M common equity financing, underscoring the confidence our partners and investors have in our vision, team and long‑term potential. This capital accelerates our expansion and positions Critical Metals to emerge as a global leader in critical metals, with Tanbreez continuing to validate our belief that we control one of the most compelling critical minerals projects globally.”
Critical Metals noted that the financing supports its broader strategy to progress Tanbreez through technical studies, pilot‑scale programs and development planning, as Western economies seek secure sources of critical minerals for clean energy, defence and advanced technologies.
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