Clearly they have EURO options as per agreement. Which has...

Clearly they have EURO options as per agreement. Which has another question and that is "why"?

Why EURO that is. EURO has an earlier strike time and a lessor strike price. That is an advantage if they were to exercise the options. But a disadvantage if they wanted to cash out before the expiry date. Unless there was overwhelming demand, the option buyers have migrated to the EUROC. Still at no cost, any money is good.

EUROC is a better deal, so why did they not take it.
Both advisors are party to any / all dealing and negotiations with CRML and other parties, as well as any negotiations between CRML and EUR, and EUR and other parties. It is EUR picking up the tab in this case, so it should be in EUR and EUR shareholder's best interest. So the big question is "What is afoot?"

1.2 Background to the Advisor Options Offer

The Company holds 66,416,641 fully paid ordinary shares in the capital of Critical Metals

Corp (Nasdaq: CRML) (CRML), amounting to an approximate 70.4% voting interest in the

capital of CRML.

As announced on 7 February 2025, CRML completed a private placement to raise

approximately US$22.5million (CRML Placement).

The Company and CRML entered into mandates with Jett Capital Advisors, LLC,

(Jett Capital) and EAS Advisors, LLC, (EAS Advisors) (together, the CRML Placement

Advisors) pursuant to which the CRML Placement Advisors were engaged to provide

advisory services in relation to the CRML Placement (Advisory Mandate/s). In consideration

for these advisory services the Company has agreed to issue the CRML Placement

Advisors, subject to Shareholder approval to be sought at a general meeting of the

Company, 35,000,000 quoted options to acquire shares in the capital of the Company

(Advisor Options).

Refer to Section 2.2 for further details and Section 6.4.2 for a summary of the material terms

of the Advisory Mandates.

6.4.2 Advisory Mandates

As set out in Sections 1.2 and 2.2 above, the Advisor Options Offer under this Prospectus is

being made available to the CRML Placement Advisors in consideration for their advisory

services provided in relation to the CRML Placement.

As noted above in Section 2.2, any issue of Advisor Options to the CRML Placement

Advisors pursuant to the Advisor Options Offer will be subject to shareholder approval to

be sought at an upcoming general meeting of the Company.

The material terms and conditions of the Advisory Mandates are summarised below:

Advisory Mandate - EAS Advisors

TERMS

Engagement Provision of general corporate advice, guidance and

strategic services as the Company may reasonably request.

Fees Monthly retainer of $10,000 per month; and

A total of 10,000,000 EURO listed options exercisable at $0.08

each on or before 14 November 2025.

Autorenewal of Term The term shall commence on the date of the agreement and

continue for a period of 12 months. Upon conclusion of the

initial 12 months, all provisions of the Advisory Mandate will,

subject to written agreement of the Parties, renew for a

successive 12 month period.

Other Terms Other than as noted above, the Advisory Mandate contains

terms which are standard for an agreement of this type.

Advisory Mandate – Jett Capital

TERMS

Engagement Facilitating the corporate development of the Company

and CRML

Fee A total of 25,000,000 EURO listed options exercisable at $0.08

each on or before 14 November 2025.

Other Terms Other than as noted above, no other terms pertain to the

Advisory Mandate which are not standard for an

arrangement of this type.