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Highlights
- Critical Metals Corp. (CML) advances Tanbreez and Wolfsberg projects for 2025 growth.
- Planned maiden resource estimate at Tanbreez and further drilling at Wolfsberg.
- Collaboration with government affairs experts to secure funding and strengthen leadership.
Critical Metals Corp. (CML) is setting ambitious growth plans for 2025, with a clear focus on securing a dominant role in the market for strategic minerals. Following its successful capital raise of US$24.5 million, the company is strategically advancing key projects, including the Tanbreez Rare Earth Project in Greenland and the Wolfsberg Lithium Project in Austria.
The company’s leadership, headed by executive chairman Tony Sage, is determined to execute its vision of becoming a leading supplier of critical metals. These materials are essential for clean energy technologies and defence applications in Western markets. With the funds secured, the company is progressing with vital pre-production activities at both projects. Additionally, strategic partnerships with government affairs consultants will help navigate the increasing focus on critical mineral security in both the US and Europe.
At the Tanbreez Project, the company is focused on refining its resource base. With the field program in 2024, the company aims to release additional results by March 2025. By the second quarter of 2025, Critical Metals expects to announce its maiden SK-1300-compliant resource estimate, a key milestone that will solidify the project's potential. Alongside this, an updated preliminary feasibility study is anticipated in the fourth quarter of 2025. The company is also actively engaging with strategic partners from Europe and the US to accelerate development and funding for the project.
Over in Austria, the Wolfsberg Lithium Project is making progress with its definitive feasibility studies for the lithium hydroxide plant in Saudi Arabia, a collaborative venture with Arabian New Energy. The company plans to kick off Zone 2 drilling in the third quarter of 2025 to assess the resource beyond Zone 1. This drilling will support negotiations for potential offtake agreements and pre-payment deals. Aiming to secure project financing and commence mine construction by the end of 2025, Critical Metals is positioning itself to take full advantage of the growing demand for lithium and other critical metals.
To further support these efforts, Critical Metals has enlisted top-tier government affairs consultants to facilitate its engagement with US and European authorities. The company anticipates receiving government grant support, with several applications already in progress. Additionally, the company is looking to expand its board by adding two new members, particularly individuals with experience in US federal government affairs, to complement the existing expertise in mining and capital markets.
With clear strategic goals in mind, Critical Metals Corp. (CML) is positioning itself for a strong 2025 as it pushes forward with its vision to become a trusted supplier of critical minerals.
