Critical Metals advances development of Tanbreez Rare Earth Mine

Critical Metals provided a project update for the Tanbreez Greenland Rare Earth Mine. The Tanbreez Project has been granted an extension for its Exploitation License from the Greenland Cabinet of Ministers and the Company completed its recently announced diamond drilling program. The Greenland Government has granted an extension to certain deadlines under the Exploitation license of the Tanbreez Project 2028. Under the new amendment, Tanbreez Mining Greenland A/S is required to submit its exploitation and closure plans by the end of 2025, provide financial security and a company guarantee by June 30th, 2026, and commence the exploitation of minerals by the end of 2028. With the drilling program concluded, all rare earth material extracted has been safely secured in storage. A portion of the rare earth material extracted has been sent to be analyzed by ALS laboratory in Ireland. Critical Metals Corp expects to receive the test results over the next several months.