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NEW YORK - Critical Metals Corp (NASDAQ:CRML), currently valued at $350 million, announced Thursday the formation of a new Advisory Board to support the development of its critical minerals projects. According to InvestingPro data, the company operates with a moderate level of debt but faces challenges with short-term liquidity.
The Advisory Board includes Christian Aramayo, who brings over 20 years of international mining experience, and Mathew August, who has more than 15 years of experience in investing and advising businesses in defense, technology, and natural resources sectors. This leadership expansion comes as the company’s stock trades at $3.38, significantly below its 52-week high of $10.41.
Aramayo, currently COO and Co-Founder of Kuya Silver, will focus on project development consultation. His background includes work with global mining companies such as Barrick and Kinross Gold Corporation.
August, Executive Chairman of Atlas Capital Partners, will provide support for U.S. capital markets and Department of Defense relations.
"As Critical Metals Corp advances both our flagship rare earth project in Greenland, Tanbreez, and our lithium asset in Europe, Wolfsberg, we look forward to leveraging the collective experience of our Advisory Board," said Tony Sage, CEO and Executive Chairman of Critical Metals Corp, according to the company’s press release.
Critical Metals Corp focuses on metals essential for electrification and next-generation technologies. Its Tanbreez project in Southern Greenland is described as one of the world’s largest rare earth deposits, while the Wolfsberg Lithium Project in Austria is reportedly the first fully permitted lithium mine in Europe. Despite its strategic assets, InvestingPro analysis shows the company is not yet profitable, with additional financial insights available to subscribers.
The company states it aims to become a reliable supplier of critical minerals for defense applications, clean energy transition, and next-generation technologies in Western markets. While the stock has shown strong returns over the last three months, InvestingPro analysis indicates the company currently trades at a high revenue valuation multiple, with eight additional key insights available to subscribers.
In other recent news, Critical Metals Corp has launched a 2,000-meter drilling program at its Tanbreez Rare Earth Project in Greenland. This initiative aims to expand the current mineral resource estimate at the Fjord Eudialyte Deposit, which currently includes 8.76 million tonnes in indicated resources and 13.8 million tonnes in inferred resources. Additionally, the company announced it has secured a $120 million non-dilutive funding package from the Export-Import Bank of the United States for pre-production activities and initial mining operations at the same site. Critical Metals also raised approximately $2 million through the exercise of warrants, with plans to use the proceeds to advance its mineral projects in Greenland and Europe.
Moreover, the company has made several key executive appointments, including Sergey Savchenko as Chief Financial Officer and George Karageorge as Chief Technical Officer. These changes are part of a broader executive reshuffle, which also includes Thomas McNamara as Director of Corporate Development & Investor Relations and John Thomas as General Counsel. The appointments are effective immediately and are expected to support the company’s strategic initiatives. Critical Metals has also enacted a shareholder lockup agreement, further solidifying its commitment to its ongoing projects.
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