Critical Metals Corp. (CRML) completed an all‑share transaction that values a 40‑kilogram stockpile of ultra‑high‑purity copper powder at $20 million. The company issued 2 million ordinary shares at $10 each to acquire the material, which is 99.96 % pure and used in defense, aerospace, and semiconductor manufacturing.
The copper powder is a highly specialized input that has historically been sourced from Russia and China. By securing a G7/EU‑origin stockpile, CRML strengthens supply‑chain resilience for Western customers and positions itself as a key partner for critical‑materials buyers that require traceable, high‑purity inputs. The acquisition is priced at a 40 % premium to the company’s closing price the day before, underscoring the strategic value that management sees in the asset.
The deal complements CRML’s flagship Tanbreez Rare Earth deposit in Greenland and the Wolfsberg Lithium Project in Austria, broadening the company’s portfolio of critical‑materials assets. The copper powder, while 99.96 % pure, meets the purity requirements of many defense and semiconductor applications, and its G7/EU provenance mitigates geopolitical risk that has driven demand for alternative sources.
CRML remains a development‑stage company with no commercial production yet. The company’s last twelve months of operations produced a negative EBITDA of $47.47 million, and it has relied on external financing to fund its projects. Recent capital raises include a $24.5 million equity issuance and a $22.5 million PIPE in February 2025, followed by a $50 million PIPE in October 2025. These financings are critical to advancing the Tanbreez and Wolfsberg projects and to supporting the new copper‑powder acquisition.
Tony Sage, CRML’s chairman, said the purchase “strengthens CRML’s role as a key partner for customers that rely on rare‑earth elements and expands our supply capabilities to the Department of War and NATO.” The acquisition signals CRML’s commitment to securing high‑purity materials for defense and advanced‑technology markets while diversifying its asset base and reducing exposure to geopolitical supply disruptions.
The premium paid and the strategic nature of the copper stockpile indicate strong confidence from CRML’s management in the long‑term demand for ultra‑high‑purity copper in critical‑technology sectors. The transaction aligns with the company’s broader strategy to become a reliable supplier of critical metals and high‑purity materials to defense and advanced‑technology markets, positioning it to capture growth in a market that is increasingly focused on supply‑chain resilience and domestic sourcing.
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