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CRITICAL METALS CORPORATION (NASDAQ: CRML) is a mining and development company focused on critical metals and minerals essential for electrification and next-generation technologies in Europe and its partners. Its flagship asset is the Wolfsberg Lithium Project in Carinthia, Austria, which is aimed at entering lithium production for battery and green-energy markets.
Corporate Structure and Experience
Following its business combination with Sizzle Acquisition Corp. in August 2022, the company has created a team consisting of geologists, mining engineers, environmental scientists, and finance professionals. The companyâs governance is directed by a board of directors with expertise in mining, capital markets, and strategic partnerships. Legal and transaction advisory support are provided by global law firm White & Case LLP.
Lithium Project by Google DeepMind
Recent Developments and News
On October 6, 2025, CRITICAL METALS entered into a PIPE financing agreement valued at $35 million, issuing 5 million ordinary shares and warrants for 10 million shares at an exercise price of $7.00 each, expiring on October 5, 2031. On the same day, the company filed its Annual Report on Form 20-F for the fiscal year ended June 30, 2025. On October 8, 2025, European Lithium Limited amended its Schedule 13D/A to report ownership of 59,916,641 ordinary shares, representing 53.2% of CRMLâs outstanding shares, and agreed to sell 3 million shares for $21 million. These filings indicate a consolidation of ownership and an infusion of capital aimed at supporting project development.
Financial and Strategic Analysis
As of October 13, 2025, CRITICAL METALS shares traded at $20.0808, representing a day increase of 34.05% on a volume of 16,082,559. Key metrics include:
| Metric | Value |
|---|---|
| Market Capitalization | $1.60 billion |
| 52-Week Range | $1.23 â $19.25 |
| Price/Book (mrq) | 10.85 |
| EPS (TTM) | -0.56 |
| Return on Assets (ttm) | -25.68% |
| Total Cash (mrq) | $7.3 million |
| Total Debt/Equity (mrq) | 6.40% |
For the trailing twelve months ending June 30, 2025, the company reported a net loss of $51.9 million while generating levered free cash flow of $10.2 million. The PIPE financing and partial sale of shares by European Lithium are expected to enhance liquidity for continued exploration, feasibility studies, and permitting at Wolfsberg.
Strategically, CRML aims to supply lithium to European markets, where demand for electrification is increasing. The majority stake held by European Lithium offers governance stability, although it centralizes decision-making with a single entity. The company will need to balance capital requirements, ownership concentration, and development timelines as it progresses toward commercial production.
Market Position and Industry Context
The global lithium market is characterized by supply constraints and increasing demand for battery-grade material. CRITICAL METALSâ Wolfsberg project is among a limited number of European-based lithium developments targeting regional customers. In contrast, North American peers, such as U.S. Critical Metals and Quantum Critical Metals, focus on rare earth elements and exploration initiatives in Canada. CRMLâs commitment to lithium aligns with European Union efforts to secure critical raw materials for the green-energy transition and to reduce reliance on imports.
tl;dr
On October 6, 2025, CRITICAL METALS closed a $35 million PIPE financing and filed its Form 20-F. Two days later, European Lithium Limited reported a 53.2% stake and agreed to sell 3 million shares for $21 million. The share price increased by 34.05% to $20.08 on October 13, 2025. Proceeds are expected to fund continued development of the Wolfsberg Lithium Project, with European Lithiumâs ownership contributing to governance stability amid ongoing permitting and feasibility work.
