10:49 AM EDT, 05/29/2025 (MT Newswires) -- Critical Metals (CRML) said Thursday it has issued 400,000 new ordinary shares after investors exercised warrants at $5.00 per share.

The company received about $2 million in gross proceeds from this transaction, which will be used to support its mineral development projects in Greenland and Europe, Critical Metals said.

The warrants were originally issued to investors during Critical Metals' initial Nasdaq listing, it said.

As part of the deal, the company also said it lifted restrictions on 1.2 million ordinary shares that were previously subject to forfeiture.

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