Binding Lithium Offtake Agreement Executed With BMW

EUR’s Executive Chairman, Tony Sage, commented: “With the signing of the binding offtake agreement with BMW, our first offtake is secured, and we look forward to partnering with BMW in the future.”

ECM has granted BMW the first right to purchase 100% of the LiOH produced from the identified resources at Wolfsberg.

Securing its first offtake is a key milestone which will allow the Company to focus on the final steps of development and construction of the Wolfsberg Project while it looks to the future and builds a portfolio of prospective battery metals projects located in Europe.

The material terms of the Offtake Agreement include:

• Prepayment: BMW to make an advance payment of US$15 million to ECM to be repaid through equal set offs against LiOH delivered to BMW.
  
• Conditions: Successful start of commercial production and full product qualification and certification.
• Other terms: Refer to Annexure A.

Jett Capital Advisors, LLC is acting as Financial Advisor to the Company and Critical Metals Corp. This announcement has been approved for release on ASX by the Board of Directors.