Critical Metals Corp., a mining company specializing in materials essential for electrification and advanced technologies, plans to integrate Bitcoin into its financial strategy as a reserve asset.

This initiative, backed by convertible note financing led by JBA Asset Management, offers access to $500 million for Bitcoin acquisitions under specified conditions. 

The initial tranche of $100 million, with 100% warrant coverage, is secured, while subsequent tranches totaling $400 million, at buyers’ discretion, will have 50% warrant coverage. 

The convertible notes, secured by raised capital and acquired Bitcoin, are convertible into company shares at $6.00 per share, with warrants exercisable at $7.00.

Tony Sage, the company’s Executive Chairman and CEO, highlighted Bitcoin’s potential to enhance financial resilience and provide inflation protection. 

He noted that the strategy aligns with increasing interest in Bitcoin adoption among global markets.

The company intends to manage its Bitcoin acquisition based on market conditions and cash flow needs, maintaining flexibility to adapt as necessary. 

This initiative complements its role as a key supplier of critical resources, supported by projects like the Tanbreez Greenland Rare Earth Mine and Wolfsberg Lithium Project, which serve Western markets.

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