What's going on here?Despite the Nasdaq listing and the spin-off...

What's going on here?

Despite the Nasdaq listing and the spin-off of theWolfsberg mine under Critical Metals, it was known that the annual financialreport of European Lithium had to be ready at the beginning of October, andboth companies have almost the same management. Suspended from trading for over2 weeks, probably does not give a good picture to shareholders and potentialinvestors. .....

the reason:

“The Company is awaiting finalization of the CriticalMetals Corp. (Nasdaq: CRML) (Critical

Metals Corp) 30 June 2024 financial accounts beforebeing in a position to finalize the audit of its

financial statements as a result of complexities ofthe merger transaction. The Company expects to be in

a position to release it's 30 June 2024 annualfinancial report by 15 October 2024.”

At the moment, other lithium projects in Europe aremoving ahead and in the fast lane, although the announcements state that the“Wolfsberg Lithium Project is the first fully permitted mine in Europe ”

https://www.bluewin.ch/en/news/brits-want-to-harness-huge-lithium-deposit-in-cornwall-2410674.html

• A production plant for lithium hydroxide in the UK is the first step towards reducing dependence on imports.
• The batteries are needed for e-cars and other rechargeable devices, for example.
• Until now, all lithium processed in the UK has been imported.

The flagship plant in St Austell,which opens this Friday, is part of a project that aims to produce 10,000 tonsof lithium per year by 2027 in a climate-friendly way. The lithium is extractedfrom granite from an old kaolin mine.

https://www.eib.org/en/press/all/2024-313-eu-and-sibanye-stillwater-through-its-keliber-lithium-project-in-finland-join-forces-in-eur150-million-deal-to-improve-eu-access-to-and-resilience-in-battery-materials

-EIB-led credit package of €150 milliondevelopment of lithium production in Finland for the EU. Lithium is criticalraw material for the electrification of transport.

-Sibanye-Stillwater’s Keliber lithiumproject aims to become EU’s first integrated lithium hydroxide producerdedicated to supplying the European market directly.

https://ir.criticalmetalscorp.com/news-releases/news-release-details/critical-metals-corp-advances-development-tanbreez-rare-earth

About Critical Metals Corp.

Critical Metals Corp (Nasdaq: CRML) is a leadingmining development company focused on critical metals and minerals, andproducing strategic products essential to electrification and next generationtechnologies for Europe and its western world partners. Its initial flagshipasset is the Wolfsberg Lithium Project located in Carinthia, 270 km south ofVienna, Austria. The Wolfsberg Lithium Project is the first fully permittedmine in Europe and is strategically located with access to established road andrail infrastructure and is expected to be the next major producer of keylithium products to support the European market. Wolfsberg is well positionedwith offtake and downstream partners to become a unique and valuable buildingblock in an expanding geostrategic critical metals portfolio.