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An update from Critical Metals Corp ( (CRML) ) is now available.
Critical Metals Corp announced on January 21, 2025, the approval of a comprehensive bitcoin treasury strategy, marking it as the first Nasdaq-listed critical minerals company to adopt bitcoin as a primary treasury asset. The strategy involves a significant securities purchase agreement, which could allow the company to issue up to $500 million in senior convertible notes to institutional investors, with an initial $100 million tranche expected to close in February 2025. This strategic move aims to strengthen the company’s balance sheet and align with broader western government initiatives regarding bitcoin adoption, providing inflation protection and appreciation potential while maintaining its position as a reliable partner in secure supply chains.
More about Critical Metals Corp
Critical Metals Corp is a leading mining development company focused on essential critical metals and minerals for electrification and next-generation technologies, catering primarily to European markets and western partners. Their flagship assets include the Wolfsberg Lithium Project in Austria and the Tanbreez Project in Greenland, positioning the company as a significant supplier of critical minerals for defense applications and clean energy transitions.
YTD Price Performance: 21.37%
Average Trading Volume: 43,100
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $710.6M
For detailed information about CRML stock, go to TipRanks’ Stock Analysis page.