Critical Metals Closes European Lithium Deal, Secures 100% Of Tanbreez; Expects Tanbreez Feasibility Study By Q4 2027

• Acquisition of European Lithium completed on November 5, 2026. European Lithium is now a wholly owned subsidiary
• Critical Metals Corp now owns 100% of the Tanbreez rare earth project in Greenland following the merger
• Cash balance of approximately US$264.5 million immediately after completion
• 194,219,631 ordinary shares outstanding. A further 45,536,338 shares held by the Company’s own subsidiary carry no voting or dividend rights and are excluded from that count
• Tanbreez Mining Plan and Closure Plan approved by the Government of Greenland with the stated approval period extending to 2050
• Binding 15 year offtake agreement signed with REalloys covering up to 15% of Tanbreez concentrate production
• Strategic review of all non core assets in progress
• Tanbreez definitive feasibility study targeted for Q4 2027, with first ore targeted for late 2028 to early 2029, subject to permitting, financing and construction progress
   

NEW YORK, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (NASDAQ:CRML) ("Critical Metals Corp" or the "Company"), a leading critical minerals mining company, today provided a corporate update following completion of its acquisition of European Lithium Limited ("European Lithium"), covering 2026 objectives achieved, the Company’s share structure and cash position, the strategic value of its asset portfolio, and its roadmap and objectives for 2027.