Critical Metals Corp.
For the period ended Jun 30, 2026. Filed Sep 25, 2026.
View on SEC.govAbout this filing
The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2026 · Filed Sep 25, 2026
Contents
Cover page
Show cover page
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 20-F
(Mark One)
☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934
OR
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended June 30,2026
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
OR
☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number:001-41973
(Exact name of Registrant as specified in its charter)
| Not applicable | British Virgin Islands |
|---|---|
| (Translation of Registrant’s name into English) | (Jurisdiction of incorporation or organization) |
c/o Maples Corporate Services (BVI) Limited
Kingston Chambers, PO Box 173, Road Town
Tortola, British Virgin Islands
(Address of principal executive offices)
Copy to:
Corporation Service Company
251 Little Falls Drive
Wilmington, Delaware 19808
Telephone:(302) 636-5400
(Name, Telephone, Email and/or Facsimile number and Address of Company Contact Person)
Securities registered or to be registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Ordinary shares, par value $0.001 per share | CRML | The Nasdaq Stock Market LLC |
| Warrants, each exercisable to purchase one ordinary share at an exercise price of $11.50 per share | CRMLW | The Nasdaq Stock Market LLC |
Securities registered or to be registered pursuant to Section 12(g) of the Act: None
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None
Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report:
On June 30, 2026, the issuer had 146,993,753 ordinary shares, par value $0.001 per share, outstanding.
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☒
If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes ☐No ☒
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer, or an emerging growth company. See definition of “accelerated filer,” “large accelerated filer,” and “emerging growth company” in Rule12b-2of the Exchange Act.
| Large accelerated filer | ☐ | Accelerated filer | ☒ | Non-accelerated filer | ☐ |
|---|---|---|---|---|---|
| Emerging growth company | ☒ | ||||
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act.☐
| † | The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012. |
|---|
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:
| U.S. GAAP ☐ | International Financial Reporting Standards as issued by the International Accounting Standards Board | ☒ | Other ☐ |
|---|
If “Other” has been checked in response to the previous question indicate by check mark which financial statement item the registrant has elected to follow. Item 17 ☐ Item 18 ☐
If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒
TABLE OF CONTENTS
| INDUSTRY AND MARKET DATA | iii | |
|---|---|---|
| TRADEMARKS, TRADE NAMES AND SERVICE MARKS | iii | |
| CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS | iv | |
| Item 1. Identity of Directors, Senior Management and Advisers | 1 | |
| Item 2. Offer Statistics and Expected Timetable | 1 | |
| Item 3. Key Information | 1 | |
| A. | [Reserved] | 1 |
| B. | Capitalization and Indebtedness | 1 |
| C. | Reasons for the Offer and Use of Proceeds | 1 |
| D. | Risk Factors | 1 |
| RISK FACTORS | 3 | |
| Item 4. Information on the Company. | 31 | |
| A. | History and Development of the Company | 31 |
| B. | Business Overview | 31 |
| BUSINESS | 32 | |
| DESCRIPTION OF THE TANBREEZ PROJECT | 37 | |
| DESCRIPTION OF THE WOLFSBERG PROJECT | 47 | |
| C. | Organizational Structure | 61 |
| D. | Property, Plant and Equipment | 61 |
| Item 4A. Unresolved Staff Comments | 61 | |
| Item 5. Operating and Financial Review and Prospects | 61 | |
| A. | Results of Operations | 72 |
| B. | Liquidity and Capital Resources | 76 |
| C. | Research and Development, Patents and Licenses, etc. | 80 |
| D. | Trend Information | 80 |
| E. | Critical Accounting Estimates | 81 |
| Item 6. Directors, Senior Management and Employees | 84 | |
| A. | Directors and Senior Management | 84 |
| B. | Compensation of Directors and Executive Officers | 86 |
| C. | Board Practices | 87 |
| D. | Employees | 89 |
| E. | Share Ownership | 89 |
| F. | Disclosure of a registrant’s action to recover erroneously awarded compensation. | 89 |
| Item 7. Major Shareholders and Related Party Transactions | 90 | |
| A. | Major Shareholders | 90 |
| B. | Related Party Transactions | 91 |
| C. | Interests of Experts and Counsel | 92 |
| Item 8. Financial Information | 92 | |
| A. | Consolidated Statements and Other Financial Information | 92 |
| B. | Significant Changes | 93 |
| Item 9. The Offer and Listing | 93 | |
| A. | Offer and Listing Details | 93 |
| B. | Plan of Distribution | 93 |
| C. | Markets | 93 |
| D. | Selling Shareholders | 93 |
| E. | Dilution | 93 |
| F. | Expenses of the Issue | 93 |
| Item 10. Additional Information | 93 | |
| A. | Share Capital | 93 |
| B. | Memorandum and Articles of Association | 93 |
i
| C. | Material Contracts | 93 |
|---|---|---|
| D. | Exchange Controls | 93 |
| E. | Taxation | 93 |
| MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS | 94 | |
| MATERIAL BRITISH VIRGIN ISLANDS TAX CONSIDERATIONS | 101 | |
| F. | Dividends and Paying Agents | 101 |
| G. | Statement by Experts | 101 |
| H. | Documents on Display | 101 |
| I. | Subsidiary Information | 102 |
| Item 11. Quantitative and Qualitative Disclosures About Market Risk | 102 | |
| Item 12. Description of Securities Other than Equity Securities | 102 | |
| Item 13. Defaults, Dividend Arrearages and Delinquencies | 103 | |
| Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds | 103 | |
| Item 15. Controls and Procedures | 103 | |
| Item 16. [Reserved] | 104 | |
| Item 16A. Audit Committee Financial Expert | 104 | |
| Item 16B. Code of Ethics | 104 | |
| Item. 16C. Principal Accounting Fees and Services | 105 | |
| Item 16D. Exemptions from the Listing Standards for Audit Committees | 105 | |
| Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers | 105 | |
| Item 16F. Change in Registrant’s Certifying Accountant | 105 | |
| Item 16G. Corporate Governance | 105 | |
| Item 16H. Mine Safety Disclosure | 107 | |
| Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. | 107 | |
| Item 16J. Insider Trading Policies | 107 | |
| Item 16K. Disclosure Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, Cybersecurity. | 107 | |
| Item 17. Financial Statements | 108 | |
| Item 18. Financial Statements | 108 | |
| Item 19. Exhibits | 109 | |
| SIGNATURES | 113 | |
| INDEX TO CONSOLIDATED FINANCIAL STATEMENTS | F-1 |
ii
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.