Critical Metals Corp Appoints New Executives to Propel Key Mining Projects

Critical Metals Corp. (Nasdaq: CRML) has announced the appointment of four new executives to its leadership team, aiming to advance its key mining projects in Greenland and Austria. The company has also entered into a 180-day lock-up agreement with its two largest shareholders, European Lithium Limited and Rimbal, restricting the sale of their shares during this period.

Executive Appointments

The newly appointed executives are:

• Sergey Savchenko as Chief Financial Officer
• George Karageorge as Chief Technical Officer
• Thomas McNamara as Director of Corporate Development & Investor Relations
• John Thomas as General Counsel

These appointments are part of Critical Metals Corp.'s strategy to advance its Tanbreez Rare Earth Project in Greenland and the Wolfsberg Lithium Project in Austria.

Background on Critical Metals Corp.

Critical Metals Corp. is a mining development company focused on critical metals and minerals essential for electrification and next-generation technologies. Its flagship projects include:

• Tanbreez Rare Earth Project: Located in southern Greenland, Tanbreez is one of the world's largest rare earth deposits, containing approximately 4.7 billion tonnes of rare earth element-bearing mineralization. Notably, about 27% of the total rare earth oxides are heavy rare earth elements, which are crucial for high-tech applications, clean energy, and defense industries. The project benefits from year-round direct shipping access via deep-water fjords leading to the North Atlantic Ocean.

• Wolfsberg Lithium Project: Situated in Carinthia, Austria, approximately 270 km south of Vienna, Wolfsberg is the first fully permitted lithium mine in Europe. Strategically located with access to established road and rail infrastructure, it is expected to become a significant producer of lithium products to support the European market. The project has a binding long-term supply agreement with BMW AG for the offtake of battery-grade lithium hydroxide.

Details of the Executive Appointments

• Sergey Savchenko – Chief Financial Officer: Mr. Savchenko brings over 24 years of experience in accounting and finance, including public and corporate accounting, corporate finance, and investor relations. He played a pivotal role in Critical Metals Corp's Nasdaq listing. As CFO, he will lead all finance and accounting functions.

• George Karageorge – Chief Technical Officer: A veteran in the mining industry, Mr. Karageorge will oversee technical reporting and project development efforts. His extensive experience is expected to drive the advancement of the company's mining projects.

• Thomas McNamara – Director of Corporate Development & Investor Relations: With a background as a metals and mining portfolio manager, Mr. McNamara will manage corporate development strategies and investor engagement. He previously served as Principal Consultant at T-Macro Advisors and co-managed the Impala Natural Resources Fund.

• John Thomas – General Counsel: Mr. Thomas is a seasoned attorney with over 30 years of experience in the manufacturing sector, having held leadership roles at companies such as Medtronic, Genzyme, Dole, Tyco, and Astra. As General Counsel, he will oversee all legal functions and corporate governance.

Lock-Up Agreement with Major Shareholders

In conjunction with these appointments, Critical Metals Corp. signed a binding agreement with its two largest shareholders, European Lithium Limited and Rimbal. Under this agreement, both shareholders have agreed not to sell their shares in ordinary brokerage or open-market transactions on Nasdaq for 180 days. This lock-up agreement underscores the confidence of major stakeholders in the company's long-term value.

Strategic Implications

The appointment of these seasoned executives aligns with Critical Metals Corp.'s strategic initiatives to advance its key projects:

• Tanbreez Project: The company plans to publish its maiden SK-1300 compliant resource estimate for Tanbreez by the end of the second quarter of 2025, marking a significant milestone in the project's development. Additionally, an update to the existing preliminary feasibility study is scheduled for the fourth quarter of 2025. Discussions with potential strategic partners in Europe and the U.S. are ongoing to secure further funding and support for the project.

• Wolfsberg Project: The company plans to complete definitive feasibility studies for both the mine site in Austria and a lithium hydroxide plant in Saudi Arabia, developed in partnership with Arabian New Energy. A Zone 2 drilling program is set to commence in the third quarter to explore additional resource potential beyond Zone 1, which is currently committed under an exclusive offtake agreement with BMW.

Market Context and Societal Implications

The global demand for critical minerals, such as rare earth elements and lithium, is escalating due to their essential roles in clean energy technologies, electric vehicles, and defense applications. By advancing the Tanbreez and Wolfsberg projects, Critical Metals Corp. aims to become a reliable and sustainable supplier of these critical minerals to Europe and its Western partners. This strategic positioning not only enhances the company's market presence but also contributes to reducing Western dependence on Chinese-controlled supply chains for these essential materials.

Conclusion

The recent executive appointments and shareholder lock-up agreement reflect Critical Metals Corp.'s strategic commitment to advancing its key projects and strengthening its position in the critical minerals market. As the company progresses with its development plans, these leadership changes are expected to play a pivotal role in achieving its long-term objectives.