08:52 AM EDT, 10/06/2025 (MT Newswires) -- Critical Metals (CRML) said Monday it entered into a securities purchase agreement with an unnamed institutional investor to raise $35 million in gross proceeds.

The company said that under the agreement, it will sell an aggregate of five million ordinary shares and warrants to buy 10 million shares at a strike price of $7 apiece.

Critical Metals said it intends to use net proceeds to help fund the development of its 4.7 billion metric ton rare earth deposit in Greenland.