Key Shareholder Acquires 11.5% Stake in Critical Metals Corp. via Asset Exchange

summarizeSummary

Gregory Bennett Barnes, through Rimbal Pty Ltd., acquired an 11.5% stake in Critical Metals Corp. by exchanging a 50.5% interest in Tanbreez Mining Greenland A/S for 14.5 million shares.

check_boxKey Events · Ownership and Investor Activity · CRML

• Significant Equity Stake Acquired

  Gregory Bennett Barnes, through Rimbal Pty Ltd., acquired 14,500,000 Ordinary Shares, constituting an 11.5% ownership stake in Critical Metals Corp.

• Consideration for Tanbreez Acquisition

  The shares were issued on April 29, 2026, as consideration for Critical Metals Corp. receiving an additional 50.5% ownership interest in Tanbreez Mining Greenland A/S, finalizing a previously announced agreement.

• Aligned Interests

  This transaction aligns the interests of the asset seller with the long-term success of Critical Metals Corp., indicating confidence in the Tanbreez rare earth project.

auto_awesomeAnalysis · CRML · Energy & Transportation

This Schedule 13D filing details a significant ownership change, where Gregory Bennett Barnes, through Rimbal Pty Ltd., acquired 14.5 million Ordinary Shares, representing an 11.5% stake in Critical Metals Corp. This substantial equity issuance, valued at approximately $200.1 million, was the consideration for the company's acquisition of an additional 50.5% ownership interest in Tanbreez Mining Greenland A/S. The transaction aligns the interests of the asset seller with Critical Metals Corp.'s future performance, signaling strong confidence in the combined entity and the Tanbreez rare earth project. This follows recent news of the finalization of the Tanbreez acquisition, providing specific details on the equity component of that deal.