Former four-star general Tim Ray joins Critical Metals advisory board

NEW YORK - Critical Metals Corp. (NASDAQ:CRML), a $480 million market cap company whose stock has surged over 23% in the past week, announced Monday that retired U.S. Air Force Four-Star General Tim Ray has joined the company’s newly formed Advisory Board, which will provide guidance on the development of its critical minerals projects. According to InvestingPro data, the company has shown strong momentum despite trading at a high revenue multiple.

Ray, who most recently served as Commander of Air Force Global Strike Command, joins existing advisory board members Christian Aramayo and Mathew August. The board will assist Critical Metals’ directors and executive management team as the company advances its portfolio, including the Tanbreez rare earth elements project in southern Greenland.

"I look forward to contributing my experience in transatlantic defense cooperation to maximize the value the Company can bring to the broader security enterprise," Ray said in the press release.

During his military career, Ray also served as Commander of Air Forces Strategic-Air at United States Strategic Command. He currently serves as President and CEO of Business Executives for National Security (BENS).

Critical Metals’ portfolio includes the Tanbreez project in Greenland, described as one of the world’s largest rare earth deposits with year-round shipping access via deep water fjords. The company also owns the Wolfsberg Lithium Project in Austria, which it claims is the first fully permitted lithium mine in Europe. While the company generated $0.48 million in revenue over the last twelve months, InvestingPro analysis indicates the company is currently operating with moderate debt levels and maintains a conservative capital structure.

Tony Sage, CEO and Executive Chairman of Critical Metals Corp, stated that Ray’s advice will help position the company "strategically to deliver for our collective defense and security while enhancing our shareholders’ interests."

The company’s announcement emphasizes its aim to become a reliable supplier of critical minerals for defense applications, clean energy transition, and next-generation technologies in Western markets. InvestingPro subscribers can access additional insights, including 8 more ProTips and detailed financial metrics that provide a comprehensive view of Critical Metals’ growth potential and market position.

In other recent news, Critical Metals Corp has received a Letter of Interest from the Export-Import Bank of the United States for a $120 million funding package for its Tanbreez rare earth project in Greenland. This funding, with a 15-year repayment term, is intended to support pre-production activities and initial mining operations at the site. Additionally, the company has commenced a 2,000-meter diamond drilling program at its Tanbreez Rare Earth Project, aiming to expand the current mineral resource estimate. This estimate currently includes 8.76 million tonnes in indicated resources and 13.8 million tonnes in inferred resources. In financial developments, Critical Metals Corp raised approximately $2 million from the exercise of outstanding warrants, which involved the purchase of 400,000 ordinary shares. The company plans to use the net proceeds to further its mineral projects in Greenland and Europe. Furthermore, Critical Metals Corp has formed a new Advisory Board to enhance the development of its critical minerals projects. The board includes industry experts Christian Aramayo and Mathew August, who bring extensive experience in mining and business advisory roles.

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