Critical Metals Corp (Nasdaq: CRML) Delivers 2026 Objectives: 100% of Tanbreez, US$264.5 Million in Cash and 194.2 Million Shares Outstanding; Sets 2027 Roadmap

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European Lithium merger complete; strategic review under way; Tanbreez definitive feasibility study targeted for Q4 2027Highlights Acquisition of European Lithium completed on…

European Lithium merger complete; strategic review under way; Tanbreez definitive feasibility study targeted for Q4 2027

NEW YORK, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) ("Critical Metals Corp" or the "Company"), a leading critical minerals mining company, today provided a corporate update following completion of its acquisition of European Lithium Limited ("European Lithium"), covering 2026 objectives achieved, the Company's share structure and cash position, the strategic value of its asset portfolio, and its roadmap and objectives for 2027.

Tony Sage, Chief Executive Officer and Executive Chairman of Critical Metals Corp, commented:

"We started 2026 owning 42% of Tanbreez and we finish it owning all of it, with roughly $264.5 million in the bank. I also want shareholders to be clear on the share count, because I know it has caused confusion. There are 194.2 million shares outstanding. The 45.5 million shares that European Lithium held in us now sit inside the group and carry no rights. I want to thank every shareholder who stayed with us while the European Lithium transaction worked its way through the courts. Next year our focus is the feasibility study, the operating permits and the financing for Tanbreez, and the strategic review will decide what we do with everything else."

The Company set out in 2026 to consolidate ownership, secure the permits, prove the processing route and fund the work. Each of those objectives was delivered.

European Lithium became a wholly owned subsidiary. 90,539,994 new sharesissued at a ratio of 0.045 per European Lithium share. Tanbreez ownership movedto 100%. Cash after completion approximately $264.5 million.

Government of Greenland approved the Tanbreez Mining Plan and Closure Plan,covering 19 elements through September 8, 2050

Test work achieved more than 99% dissolution of eudialyte concentrate into 19high purity products. Preliminary study released for the proposed Romanianrefinery

15 year definitive…

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