REG - Critical Metals PLC - Completion of Subscription

Critical MetalsAnnouncement

08/08/2025 07:00

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RNS Number : 5057U  Critical Metals PLC  08 August 2025

Critical Metals plc / EPIC: CRTM / Market: Main Market

 

8 August 2025

Critical Metals Plc

("Critical Metals" or the "Company")

 

Completion of Subscription, Conversion of Debt and Grant of Warrants

 

Critical Metals plc, developer and operator of the Molulu Copper/Cobalt
Project ("Molulu" or the "Project") in the Democratic Republic of Congo
("DRC"), is pleased to announce that further to the announcement dated 6
August 2025, all conditions related to the Fundraise have been satisfied and a
further 66,830,847 new Ordinary Shares of £0.0005 ("Ordinary Shares") were
allotted and as at 8.00 a.m. today admitted to trading on the Equity Shares
(transition) category of the Official List and the Main Market of the London
Stock Exchange ("Final Admission").  The 66,830,847 Ordinary Shares includes
the Ordinary Shares issued to NIU in respect of the conversion of sums owed
under the September 23 Facility Agreement, Bridge CLNs and December Bridge
CLNs ("NIU Debt Shares") and the new Ordinary Shares issued in respect of the
Subscription.

 

Following Final Admission, there are now 101,763,526 Ordinary Shares of
£0.0005 each in issue comprising 6,738,968 New Ordinary Shares that existed
immediately prior to the publication of the Prospectus ("Existing Shares"),
28,193,711 New Ordinary Shares issued in respect of the Apil CLNs, Baobab loan
and the Deferred Consideration and 47,824,100 Ordinary Shares issued pursuant
to the Subscription ("Subscription Shares") and 19,006,747 Ordinary Shares
issued in respect of sums owed under the September 23 Facility Agreement,
Bridge CLNs and December Bridge CLNs.

 

Pursuant to the terms of the NIU September Bridge Subscription Letter the
Company agreed to issue 1,210,000 warrants over New Ordinary Shares at an
exercise price of £0.05 per New Ordinary Share exercisable for 5 years from
grant. This was in addition to the 610,000 warrants over New Ordinary Shares
already granted to NIU.  Following the completion of Subscription and the
issue of the NIU Debt Shares NIU now holds 61,402,390 New Ordinary Shares
representing 60.34% of the issued share capital.  When this is combined with
the NIU Warrants, NIU has an interest in 63,222,390 New Ordinary Shares
representing 60.70% of the fully diluted issued share capital of the Company.

 

Information and Background

Critical Metals owns a 70% indirect interest in the recently producing Molulu
copper/cobalt project in the Democratic Republic of Congo, which is located in
the Katangan Copperbelt. The Company is currently seeking to develop this
asset further to delineate the orebody. Now that the Company is recapitalised
the Company plans to acquire a drill rig and employ a drill rig operator to
carry out the drilling campaign. The Company also intends to carry out further
soil sampling and exploration trenching with the aim of creating a 3D model of
the mineralisation to plan the next phase of drilling in Molulu and
potentially generate a maiden JORC resource.

 

The Company also plans to continue to liaise with the DRC authorities to renew
its permit which expired in December 2024. The Company will provide updates to
the market on its exploration activities and the renewal of the permit in due
course.

 

Total Voting Rights

The total number of issued shares and the total number of voting rights in the
Company is 101,763,526. The above figure should be used by shareholders in the
Company 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 share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.

 

Unless otherwise defined, capitalised terms used in this announcement shall
have the same meaning as set out in the Prospectus.

 

This announcement contains information that, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

 

**ENDS**

 

 Critical Metals plc

 CEO

 Russell Fryer                  critical@stbridespartners.co.uk

 Novum Securities Limited

 Financial Adviser

 David Coffman, Daniel Harris   Tel: +44 (0)20 7399 9400

 St Brides Partners Ltd

 Financial PR

 Ana Ribeiro / Charlotte Page   critical@stbridespartners.co.uk

 

About Critical Metals

Critical Metals plc whose shares are admitted to Equity Shares (transition)
Category of the Official List and to trading on the Main Market is focused
developing the formerly producing Molulu Copper/Cobalt Project in the Katangan
Copperbelt in Democratic Republic of Congo ('DRC').

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