Critical Metals (CRML) investor relations material

Executive summary

• Report covers the fiscal year ended June 30, 2026, with a focus on the Tanbreez and Wolfsberg projects, both at the exploration and evaluation stage.

• The company completed the acquisition of a 92.5% interest in Tanbreez Mining Greenland A/S and advanced the Wolfsberg Lithium Project in Austria.

• A proposed acquisition of European Lithium Limited (EUR) is pending, which would make EUR a wholly owned subsidiary.

• The company raised significant capital through PIPE transactions and warrant exercises, but substantial doubt remains about its ability to continue as a going concern without further financing.

Financial highlights

• Net loss for FY2026 was $228.2 million, compared to $51.9 million in FY2025 and $139.4 million in FY2024.

• Cash and cash equivalents as of June 30, 2026, were $102.5 million, up from $7.3 million in 2025.

• Total assets increased to $503.9 million from $171.7 million year-over-year, mainly due to the Tanbreez acquisition and capital raises.

• Total liabilities rose to $135.9 million from $79.8 million, primarily due to warrant liabilities and trade payables.

• Equity increased to $368.1 million from $91.9 million, reflecting new share issuances.

• Significant non-cash expenses included $65.99 million in share-based payments and $120.87 million loss on fair value of warrants.

Outlook and guidance

• The company expects capital and operating expenditures to increase as it advances the Tanbreez and Wolfsberg projects.

• Ongoing efforts to secure additional financing are critical to fund operations and project development.

• The Wolfsberg Project aims to commence spodumene production in 2028 or 2029, subject to funding and regulatory approvals.

• A definitive feasibility study for Tanbreez is targeted for completion by mid-2027.