The acquisition represents a significant investment in workforce safety, accommodation and transportation infrastructure, strengthening CRML's strategic and operational capabilities in one of the world's most important emerging critical minerals jurisdictions.

The Ocean Endeavour, originally built in 1982, is an ice-strengthened vessel with a proven operating history in both Arctic and Antarctic environments, making it well-suited to support year-round activities associated with the development of the Tanbreez critical minerals project. Most recently, the vessel was chartered by the Danish Defense, alongside NATO operations, to serve as a floating accommodation in Nuuk, Greenland, demonstrating its suitability for supporting personnel in remote and challenging environments.

The vessel purchased by CRML for €7.5 million is expected to provide flexible housing capacity for project personnel while minimizing additional demand on local housing and hotel capacity in Greenland. It is also expected to facilitate reliable transportation throughout the region. By providing self-contained accommodation for its workforce, CRML aims to avoid placing strain on the limited hotel and tourism infrastructure in Qaqortoq and the surrounding region, thereby supporting the local tourism economy alongside mining development. The company intends to moor the vessel adjacent to the Tanbreez project to support site operation, which will require approval from the Government of Greenland. By integrating accommodation and transport into a single maritime platform, CRML expects to improve logistical efficiency associated with remote Arctic operations, enhance workforce safety, improve operational efficiency, and support the timely execution of project development activities.

CRML is committed to engaging local businesses and suppliers in connection with the operation of the Ocean Endeavour, including in areas such as provisioning, waste management and regional transportation. The Company views collaboration with local Greenlandic enterprises as an integral part of its approach to responsible and community-oriented project development.

Critical Metals is fully aware that the company operates in a geographically and culturally sensitive area with limited infrastructure capacity. It is therefore an integral part of the company's approach to continually consider how the project can be carried out as responsibly as possible – with deep respect for the local environment, the Arctic wilderness and the local population of Greenland. Critical Metals recognizes that a project of this scale entails a responsibility that extends beyond the purely operational dimension, and the company is firmly committed to upholding good standards of environmental and social responsibility.

Critical Metals also wishes to emphasize that the company is actively seeking to involve the local Greenlandic business community in the opportunities created by the project. It is the company's firm belief that a successful mining project must not only add value for the company's shareholders, but must also contribute to the local economy and create tangible, lasting benefits for the communities affected by the project. Critical Metals therefore regards collaboration with local businesses, suppliers and stakeholders as a prerequisite for responsible project development.