Final Results

Critical Metals plc / EPIC: CRTM / Market: Main Market / Sector: Closed End Investments

22 December 2021

Critical Metals plc

("Critical Metals" or the "Company")

Final Results

Critical Metals plc, a mining investment company established to target opportunities in the overlooked and under-analysed mining sector, is pleased to announce its Final Results for the year ended 30 June 2021. A copy of this announcement and the Annual Report for the year ended 30 June 2021 will be made available on the Company's website at www.criticalmetals.co.uk.

Statement from the Board

I am pleased to present the financial statements for Critical Metals plc for the year ended 30 June 2021.

After navigating through a long initial public listing process in 2020, during which the markets experienced significant volatility amidst BREXIT negotiations and the Covid-19 pandemic, we are delighted to present our first financial statements as a listed company.

When considering the global macro-environmental uncertainties regarding supply and demand in the critical metals sector, the need to identify and invest in the stable supply of metals that will allow economies to operate and grow becomes increasingly evident. Critical Metals' strategy is to search for acquisition opportunities in the natural resources sector on known deposits, and, more specifically, for minerals that are perceived to have strategic importance to future economic growth.

On 20 May 2021, we announced our intention to purchase a controlling position in a company that holds the rights to a previously producing copper-cobalt property in the Democratic Republic of Congo, namely 'Small Scale Mining License' ("Permis d'Exploitation de Petit Mine") PEPM 14784 (the "Molulu Project"). We have been completing our due diligence and legal investigations since the time of this announcement and it is our intention to file for readmission to the Standard List of the London Stock Exchange in early 2022 as a mining company enlarged by the acquisition of an indirect controlling interest in the Molulu Project.

The goal of our Company to become cash flow positive in 2022 and beyond is still intact, and, looking forward, I am very excited about what the entry into 2022 will hold for Critical Metals. The Board believes that 2022 will be a year of significant growth for the Company as we look to advance our strategy and create value for shareholders.

I would like to thank my fellow Board members and our shareholders for their support as we travel this exciting journey of building this unique opportunity into a profitable company.

Financial Overview

Funding

The Company is funded through investment from its shareholders, having successful raised £800,000 before costs upon its Standard Listing IPO onto the London Stock Exchange on 29 September 2020, along with the receipt of £1,090,451 upon the exercise of warrants during the year.

Revenue

The Company has generated no revenue during the year, however is focussing on acquisition targets that will ultimately generate revenue for the Company in the relatively near term.

Expenditure

During the year, the Company completed its listing on the London Stock Exchange and focussed its expenditure on this process, with very minimal expenditure unrelated to the listing being incurred up to the date of admission, being 29 September 2020 ("Admission"), including all directors foregoing salaries until Admission. Since Admission, the Company has focussed its efforts and expenditure on assessing potential acquisition targets in line with its strategy, and, since the signing of heads of terms in respect of the Molulu Project, on progressing its due diligence in relation to the Molulu Project and the process for readmitting to the Standard List as an operating company enlarged by the acquisition of a controlling interest in such project.

Liquidity, cash and cash equivalents

At 30 June 2021, the Company held £1,483,544 (2020: £62,072) which is all denominated in pounds sterling.

Dividend

The Directors do not intend to declare a dividend in respect of the period under review (2020: £nil).

Russell S. Fryer

Executive Chairman

21 December 2021

**ENDS**

For further information on the Company please visit www.criticalmetals.co.uk or contact:

About Critical Metals

Critical Metals was formed as an investment company and intends to make equity investments into operators or near-term production operators within the natural resources development and production sector in the continent of Africa. It is envisaged that such acquisition or acquisitions will trigger a reverse takeover in accordance with the listing rules. The Company intends to search initially for acquisition opportunities in the natural resources sector on known deposits and more specifically minerals that are perceived to have strategic importance to future economic growth. Commodities such as antimony, beryllium, cobalt, copper, fluorspar, gold, rare earth elements, tin, tungsten, titanium, and vanadium have been identified by several governments as "critical minerals" and so guaranteeing supplies is seen as a strategic necessity. The Company therefore believes that the market conditions for these minerals will remain strong in the short-to-long term.

Statement of Comprehensive Income

Statement of Financial Position

Statement of Changes in Equity

Statement of Cashflow