Lithium and Rare Earths Portfolio
SUMMARY
- CRML executes Shareholder Agreement with Obeikan for JV
- 50/50 JV to build lithium refinery in Saudi Arabia
- Exclusive offtake from Wolfsberg spodumene mine
- US$0.03-0.04 cts/kWh power costs very attractive
- BMW offtake agreement assigned to new JV – US$15m paid in
- Lithium price in bottoming process
- CRML pass through value still > A$0.50/ EUR share
KEY POINTS
- JV execution allows renewed progress at Wolfsberg
- Saudi Arabia lithium refinery will have very low energy and other operating costs
- Lithium market may recover soon
- Watch Gangfeng share price!
- Acquisition of TANBREEZ rare earths will be a game changer for CRML
- EUR still ridiculously priced
- Re rating must come soon
- Market cap A$78m on 1,398m shares @ A$0.054
Critical Metals Corp and the Obeikan Group have executed the Shareholders Agreement to form a joint venture with Critical Metals Corp to construct and commission a large-scale lithium hydroxide processing plant in the Kingdom of Saudi Arabia to process spodumene concentrate produced from the Wolfsberg Lithium Project located in Austria.