Critical Metals Corp. announced that it has executed a non-binding term sheet for the formation of a 50% /50% joint venture (the "JV") between CRML and Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers Company. The term sheet outlines the framework for the development, financing, construction, and operation of a rare earth processing facility in the Kingdom of Saudi Arabia, creating a fully integrated mine-to-processing supply chain.

The transaction includes long-term offtake rights for 25% of the Tanbreez Project's rare earth concentrate production to Saudi Arabia, supporting secure supply for advanced manufacturing, energy transition, and defense-related industries across allied markets. Integrated Supply & Processing Partnership: Execution of a term sheet covering offtake, project financing, development, and the formation of a 50/50 joint venture to construct and operate a rare earth processing facility in Saudi Arabia, directly expanding non- Chinese global processing capacity. United States & Kingdom of Saudi Arabia Vision 2030 and Strategic Defense Supply Chain: The partnership will send all finished materials to the United States of America for use in the defense industrial complex of the USA.

Capital-Efficient Structure: CRML will not issue equity or incur debt in connection with the JV and will retain its 50% ownership interest on a carried-interest basis, with no capital expenditure obligations related to construction of the processing facility. Strategic Offtake: The JV framework provides for 25% of theTanbreez Project's rare Earth concentrate production to be supplied to Saudi Arabia for the life of mine, under long-term, market-based commercial terms. Advanced Products: The processing facility is expected to produce separated rare earth oxides, metals, and downstream products, including magnet-grade materials suitable for aerospace, defense, and high-performance industrial applications.