REG - Critical Metals PLC - Extension of CLN Repayment Date

Critical MetalsAnnouncement

09/04/2025 07:45

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RNS Number : 2842E  Critical Metals PLC  09 April 2025

 

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

 

9 April 2025

Critical Metals Plc

("Critical Metals" or the "Company")

 

Extension of CLN Repayment Date and Amendment of Terms

 

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 provide an update to the key terms of the £1,603,000
unsecured convertible loan notes ("CLNs") issued by the Company on 9(th) April
2024.  The Company is pleased to announce that it has agreed with a majority
of the holders of the CLNs to make a number of amendments to the terms of CLNs
which were effective as at 8 April 2025.

 

The key amendments to the CLNs are as follows:

·    Extension of redemption date of the CLNs to 31 May 2025 ("Redemption
Date") from 9 April 2025

·    Revised conversion price ("Conversion Price") to 1 pence per Ordinary
Share;

 

A copy of the revised note will be supplied to all CLN holders.  The Company
will provide further updates to the market in due course.

 

 

 Critical Metals plc

 CEO

 Russell Fryer                  critical@stbridespartners.co.uk

 St Brides Partners Ltd

 Financial PR

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

 

About Critical Metals

Critical Metals PLC has acquired a controlling 100% stake in Madini Occidental
Limited, which holds an indirect 70% interest in the Molulu copper/cobalt
project, a producing asset in the Katangan Copperbelt in the Democratic
Republic of Congo.

 

The Company will continue to identify future assets that are in line with its
stated acquisition objective of low CAPEX and OPEX brown-field projects with
near-term production and cash-flow, whilst concentrating on minerals that have
strategic importance to future economic growth thereby generating significant
value for shareholders.

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