Quarterly ResultMay 14, 2026, 04:33 PM
Critical Metals' Tanbreez Subsidiary Reports 2025 Profit; Ownership to Rise to 92.5%
AI Summary
Critical Metals Corp.'s subsidiary, Tanbreez Mining Greenland A/S, reported a profit of DKK 534,838 for the year ended December 31, 2025, a significant improvement from a DKK 5,489,397 loss in 2024. Critical Metals Corp.'s equity interest in Tanbreez increased to 42.005% in 2025, with plans to further increase ownership to 92.5% pending Greenlandic governmental approval. Despite the improved financial performance, the company's auditors and management highlighted a material uncertainty regarding its ability to continue as a going concern due to a significant working capital deficiency and ongoing funding needs.
Key Highlights
- Tanbreez Mining Greenland A/S reported a DKK 534,838 profit for 2025, reversing a DKK 5,489,397 loss in 2024.
- Critical Metals Corp.'s equity interest in Tanbreez increased to 42.005% as of December 31, 2025.
- Critical Metals Corp.'s ownership in Tanbreez is set to increase to 92.5% upon Greenlandic governmental approval.
- Cash and cash equivalents rose to DKK 7,090,083 in 2025 from DKK 335,358 in 2024.
- Deferred exploration and evaluation expenditure increased to DKK 265,056,221 in 2025 from DKK 219,533,759 in 2024.
- The company faces a material uncertainty regarding its ability to continue as a going concern.
- Net cash used in operating activities was DKK 8,590,753 in 2025, up from DKK 5,210,334 in 2024.