Announcement • Sep 17

Critical Metals Corp Achieves Breakthrough Tanbreez Heavy Rare Earth Results And Projects Ultra-High-Purity Rare Earth Products And Annual Refinery Revenue

Critical Metals Corp. announced further details of its mine-to-metals strategy aimed at maximizing supply-chain security and the potential value derived from the Tanbreez Rare Earth Project in Greenland. The proposed CRML Romanian joint venture refinery, which is expected to receive 50% of all concentrate production under the existing term sheet, incorporates three major process innovations that are projected to enhance project economics: Multistage mixed-acid reactor additions designed to prevent silica gel formation, a challenge encountered in other eudialyte processing routes. Complete silica recovery through off-gas recovery, designed to produce 99.99% SiO2 powder, reduce tailings to less than 1.5% of feed material and recycle acid, potentially reducing fresh acid consumption by approximately 85% while generating an additional high-value product stream. Vacuum freeze-drying (lyophilisation) of all 19 chloride salts, designed to produce anhydrous, ultra-low-moisture powders that may command price premiums over conventionally dried material. The proposed CRML Romania Process Refinery is being designed with capacity to process up to 100,000 tons per year of eudialyte concentrate feed and based on current modelling, produce approximately 27,943 tons per year of rare earth and critical metal products in the form of chloride salts and other ultra-pure products. Projected by-products include 25,670 tons per year of high purity SiO2 powder. Based on current modelling and assumed market pricing, projected annual revenue from the silica by-product could reach approximately USD 600 million. The current preliminary CAPEX estimate is USD 1,850 million (+/-25% Class 4 estimate). Current modelling projects annual revenue of approximately USD 2,200 million before operating costs, taxes and capital recovery. Current modelling indicates an NPV10 of approximately USD 4,500 million, an IRR of approximately 55% and a projected payback period of approximately two years. The silicate recovery system is projected to contribute approximately USD 400 million to USD 600 million per year in combined value from SiO2 revenue and avoided acid costs, potentially transforming a conventional waste stream into a significant revenue contributor. Based on current modelling and pricing assumptions key value drivers include SiO2, NbCl5, DyCl3, TaCl5 and Hafnium products. The proposed CRML Romania Process Refinery uses a multistage, mixed-acid leach process operating at elevated temperatures, followed by cascading recovery steps designed to produce high-purity rare earth salts, metals and critical metal salts for advanced industrial, aerospace, technology and defense applications. A key feature of the proposed process is the recovery of materials that would traditionally report to tailings, including silica and potentially alumina, iron and copper. Current process modelling targets a tailings stream of approximately 1% of feed tonnage, supporting the Company's objective of developing a lower-waste processing route. The proposed process route then through a multistage ion-exchange system, with multiple recovery stages for individual elements, designed to achieve high-purity products in the 99.9% to 99.99% range, subject to further test work and process validation. The proposed production route for high-purity hafnium products utilizes established processing technologies. Based on current modelling, CRML Romania could produce approximately 50 tons to 70 tons per annum of high-purity hafnium metal during its first five years, together with approximately 20 tons to 30 tons per annum of high-purity hafnium chloride. These projections remain subject to further engineering, metallurgical test work, market conditions, permitting and final investment decisions. The proposed CRML Romania Process Refinery is currently estimated to require up to 150 MW of energy input from gas and/or electricity. Current design assumptions contemplate approximately 60% to 70% of energy demand being supplied by gas-fired kilns and boilers and approximately 30% to 40% by third-party or state electricity suppliers. The proposed CRML Romania Process Refinery is being designed as a low-wastewater and low-tailings operation. Current modelling targets refinery tailings of approximately 1% of input tonnage and limited wastewater discharge, subject to further engineering, environmental studies and permitting. Potential treatment pathways include third-party or approved government facilities in Romania. Multiple acids and ammonia are expected be generated onsite, with certain high-purity feed materials to be sourced from suppliers in Europe or the United States. The proposed supply strategy is intended to support a secure Western supply chain. Locating the proposed refinery in Romania, an EU and NATO member state, is intended to support a secure Western supply chain. Current planning contemplates multiple shipping and rail routes for the movement of Tanbreez concentrate from Greenland to the proposed refinery location in Romania. If developed as currently contemplated, CRML Romania has the potential to become a significant Western supplier of rare earths and critical metals. Current modelling assumes a Tanbreez eudialyte concentrate transfer or sales value of approximately USD 4,000 per ton. The refinery model indicates potential revenue of up to approximately USD 24,000 per ton of concentrate processed, before operating costs currently estimated at approximately USD 3,500 to USD 4,000 per ton and before capital recovery, taxes and other costs. For the base-case economic analysis, current modelling assumes revenue of approximately USD 13,000 per ton of eudialyte concentrate processed, using lower historical market pricing assumptions, resulting in approximately USD 9,000 per ton before tax and capital recovery based on the current model. The higher-price case uses 2025 to 2026 market pricing assumptions of approximately USD 24,000 per ton of concentrate processed, resulting in approximately USD 20,000 per ton before tax and capital recovery based on the current model. These figures are preliminary modelling assumptions and are subject to commodity prices, recoveries, operating costs, capital costs and further feasibility work.

Announcement • Sep 17

Critical Metals Corp Achieves Breakthrough Tanbreez Heavy Rare Earth Results And Projects Ultra-High-Purity Rare Earth Products And Annual Refinery Revenue

Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Historical stock prices
Current Share Price	US$6.73
52 Week High	US$32.15
52 Week Low	US$5.12
Beta	1.95
1 Month Change	-5.34%
3 Month Change	-35.60%
1 Year Change	-6.27%
3 Year Change	-37.92%
5 Year Change	n/a
Change since IPO	-32.28%

	CRML	US Metals and Mining	US Market
7D	4.7%	1.3%	-0.1%
1Y	-6.3%	47.0%	11.9%

CRML volatility
CRML Average Weekly Movement	14.5%
Metals and Mining Industry Average Movement	9.3%
Market Average Movement	6.8%
10% most volatile stocks in US Market	15.1%
10% least volatile stocks in US Market	2.9%

CRML fundamental statistics
Market cap	US$988.56m
Earnings (TTM)	-US$153.31m
Revenue (TTM)	US$768.57k

Key profitability statistics from the latest earnings report (TTM)
CRML income statement (TTM)
Revenue	US$768.57k
Cost of Revenue	US$0
Gross Profit	US$768.57k
Other Expenses	US$154.08m
Earnings	-US$153.31m

Earnings per share (EPS)	-1.04
Gross Margin	100.00%
Net Profit Margin	-19,947.44%
Debt/Equity Ratio	1.6%

Data	Last Updated (UTC time)
Company Analysis	2026/09/20 03:43
End of Day Share Price	2026/09/18 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Critical Metals (CRML) Stock Overview

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Price History & Performance

Recent News & Updates

Critical Metals Reveals Patent-Pending Refinery Plan With Projected $2 Billion Annual Revenue

Critical Metals Corp Achieves Breakthrough Tanbreez Heavy Rare Earth Results And Projects Ultra-High-Purity Rare Earth Products And Annual Refinery Revenue

Critical Metals Moves Forward With European Lithium Merger as Shareholder Vote Set

Critical Metals: Tanbreez Is A Strategic Bottleneck, Not A Rare-Earth Price Bet

Critical Metals Revises European Lithium Acquisition Terms With Floating Exchange Ratio Cap and Collar

Critical Metals Named Finalist in Kenya Tender for Major Rare Earth Project

Recent updates

Critical Metals Reveals Patent-Pending Refinery Plan With Projected $2 Billion Annual Revenue

Critical Metals Corp Achieves Breakthrough Tanbreez Heavy Rare Earth Results And Projects Ultra-High-Purity Rare Earth Products And Annual Refinery Revenue

Critical Metals Moves Forward With European Lithium Merger as Shareholder Vote Set

Critical Metals: Tanbreez Is A Strategic Bottleneck, Not A Rare-Earth Price Bet

Critical Metals Revises European Lithium Acquisition Terms With Floating Exchange Ratio Cap and Collar

Critical Metals Named Finalist in Kenya Tender for Major Rare Earth Project

Critical Metals Launches Greenland Drilling and Agrees to Acquire European Lithium

Critical Metals Acquires Ice-Strengthened Vessel to Advance Greenland Tanbreez Project

Critical Metals Corp.(NasdaqGM:CRML) dropped from Russell 2500 Value Benchmark

Critical Metals (CRML) Stock Looks Rich After Tanbreez Drilling Campaign Begins

Critical Metals Stock: Drilling Begins at Tanbreez Rare Earth Project in Greenland

Critical Metals Corp Commences 10,000 Meter Drilling Campaign At Tanbreez Rare Earth Project in Southern Greenland

Critical Metals Advances Construction and Drilling at Tanbreez Rare Earth Project in Greenland

Critical Metals Corp Provides Update on Tanbreez Rare Earth Project Development and Drilling Expansion

High number of new and inexperienced directors

Critical Metals Corp. (NasdaqGM:CRML) signed a letter of intent to acquire European Lithium Limited (ASX:EUR) for approximately $690 million.

Critical Metals Corp. announced that it expects to receive $59.99998 million in funding

Critical Metals Corp. (NasdaqGM:CRML) acquired an additional 50.50% stake in TANBREEZ Mining Greenland A/S from Greenland.

Critical Metals Corp. Confirms Outstanding 2.96% TREO and HREO Refined Concentrate, Yielding ~40% Increase in Historical Metallurgical Test Work Results at Tanbreez

Critical Metals Corp Announces Appointment of Chang Oh Turkmani to Advisory Board

Critical Metals Corp. Announces Acceleration of Tanbreez HREE Project Development

Critical Metals Corp. Announces the Highest Re-Assay TREO Results from Inception from (33) Drill Holes

Critical Metals Corp. Receives the Final Assay Results from the 2025 Drilling Program at Area B and the Fjord Deposit at the Tanbreez Rare Earths Project in Greenland

Critical Metals Corp. Announces Austrian Government Extends its Wolfsberg Mining License

Critical Metals Corp. Announces Another Series of Outstanding Drilling Results Achieving Additional High-Grade Results Across Its Tanbreez Asset from the 2025 Drilling Campaign

Critical Metals Corp. Announces Another Set of Outstanding Rare Earth Elements Results from Its 2024 Drilling Program At Tanbreez

Critical Metals Corp Confirms Metallurgical Test Work Results at Tanbreez Support Refinery JV in Romania

Critical Metals Corp., Annual General Meeting, Dec 29, 2025

Critical Metals Corp. Announces Board Committee Changes

Critical Metals Corp Appoints Peter Stamatopoulos to Its Advisory Board

Critical Metals Corp. announced that it expects to receive $50 million in funding

Critical Metals Corp. Auditor Raises 'Going Concern' Doubt

Critical Metals Corp. Surpasses 70% Completion Milestone of the Tanbreez Bankable Feasibility Study

Critical Metals Corp Reports Extremely High-Grade Drilling Results from Its 2024 Program

Critical Metal Corp Appoints Mathias Barfod as President of Greenland Operations

Critical Metals Corp. Announces Exceptionally High Grades of Both Gallium & Rare Earth Elements Results at its Tanbreez Project in Greenland

Critical Metals Corp. Announces Formation of an Advisory Board

Critical Metals Corp Targets Significantly Increased Resource Upgrade on 500MT Exploration Target Within 4.7BT REO

Critical Metals Corp.(NasdaqGM:CRML) dropped from Russell 2000 Defensive Index

Critical Metals Corp Releases Additional High-Grade REE Results from Diamond Drilling at Tanbreez in Greenland

Critical Metals Corp Releases Further Excellent Deep High-Grade Drilling Results on Tanbreez (Treo 0.48% & Hreo27%)

Critical Metals Corp. Publishes Compelling Deep Diamond Drill Results from Tanbreez Greenland

Critical Metals Corp. Appoints Sergey Savchenko as Chief Financial Officer

Critical Minerals: It's Not Obvious They'll Get Financed

Critical Metals Corp. Announces the Appointment of Michael C. Ryan to Board of Directors, Effective March 1, 2025

Critical Metals Corp. announced that it expects to receive $22.5 million in funding

Critical Metals Corp. announced that it expects to receive $500 million in funding

Critical Metals Corp. Announces CFO Changes

Critical Metals Corp Confirms High-Grade Rare Earth Material At Its Tanbreez Project

Critical Metals Corp Paves Way for Commercial Approval of Its Wolfsberg Lithium Project with State of Carinthia Decree

Critical Metals Corp Discovers 147 PPM of Gallium at Its Tanbreez Project

Critical Metals Corp. Provides Project Update for the Wolfsberg Lithium Mine

Critical Metals And The Challenge Of Delivering Long-Term Value

Critical Metals Corp Evolves Development Strategy for the Tanbreez Project

Critical Metals Corp Advances Development of the Tanbreez Rare Earth Mine

Critical Metals Corp. Commences Drilling At the Tanbreez Rare Earth Deposit

Critical Metals Corp. (NasdaqGM:CRML) completed the acquisition of a 42% interest in Tanbreez Mining Greenland A/S from Rimbal Pty. Ltd.

Critical Metals Corp. Names Dietrich Wanke as President of European Operations

Critical Metals: The Hope Is Big Here

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About the Company

Critical Metals Corp. Fundamentals Summary