Critical Metal Regulatory News (CRTM)

Critical Metals plc / EPIC: CRTM / Market: Main Market / Sector: Closed End Investments

4 May 2021

Critical Metals plc ("Critical Metals" or the "Company")

Exercise of Warrants and Issue of Equity

Critical Metals plc, a mining investment company established to acquire mining opportunities in the critical and strategic metals sector, is pleased to announce that it has received warrant exercise notices to subscribe for 200,000 new ordinary shares of £0.005 each in the Company ("Ordinary Shares") (the "Warrant Shares").

The Warrant Shares are being issued pursuant to the exercise of 200,000 warrants over Ordinary Shares at an exercise price of 10 pence per Ordinary Share for total gross proceeds of £20,000.

Russell Fryer, CEO of Critical Metals, commented: "I am appreciative of the continued support from our shareholders and this further exercise of warrants gives additional strength to the Company's cash position as we continue to pursue acquisition opportunities."

Admission and Total Voting Rights

Application has been made for the 200,000 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 10 May 2021 ("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 40,309,735 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.

**ENDS**

For further information on the Company please visit www.criticalmetals.co.uk or contact:

About Critical Metals

Critical Metals was formed as an investment company and intends to make equity investments into operators or near-term production operators within the natural resources development and production sector in the continent of Africa. It is envisaged that such acquisition or acquisitions will trigger a reverse takeover in accordance with the listing rules. The Company intends to search initially for acquisition opportunities in the natural resources sector on known deposits and more specifically minerals that are perceived to have strategic importance to future economic growth. Commodities such as antimony, beryllium, cobalt, copper, fluorspar, gold, rare earth elements, tin, tungsten, titanium, and vanadium have been identified by several governments as "critical minerals" and so guaranteeing supplies is seen as a strategic necessity. The Company therefore believes that the market conditions for these minerals will remain strong in the short-to-long term.