Critical Metals Corp Nasdaq-CRML Has Successfully Acquired a Strategic Arctic Ship Housing Asset Providing Long Term & Turn-Key Accommodations at Site for Up to 300 Workers at Tanbreez

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NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, is pleased to announce the acquisition of the Ocean Endeavour, a 180-passenger vessel that will support the Company's ongoing development activities in Qaqortoq, Greenland. 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 i...

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