Critical Metals Appoints Tony Sage as Chief Executive Officer.
Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals”), a leading mining company focused on critical metals and minerals for the green energy transition, today announced the appointment of Tony Sage as its Chief Executive Officer. Mr. Sage will continue in his role as Chairman of the Board and the current CEO, Dietrich Wanke has been named the Company’s President of European Operations to operationalize the Wolfsberg Project.
These strategic appointments will better support the development and future operations of Critical Metals’ flagship asset in Europe, the Wolfsberg Lithium Project, and open up additional opportunities for Critical Metals. Mr. Wanke’s new role enables him to focus entirely on overseeing the Wolfsburg Project operations and advancing the mine’s development and future production. The Company is aiming to operationalize its lithium spodumene concentrator in Wolfsberg, which will be the next significant source of lithium spodumene for European lithium-ion battery market, by 2027.
As CEO and Chairman of the Board, Mr. Sage will oversee corporate strategy and commercial development for the Wolfsberg Lithium Project, and he will focus on evaluating additional strategic assets in the critical metals space to be brought under the Company’s banner.
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Mr. Sage, said:
Critical Metals is at a pivotal juncture in our growth trajectory and development strategy following our recent listing on Nasdaq earlier this year.
“This strategic transition of roles will better position us for future success both in Wolfsberg and more broadly. Dietrich is a seasoned operator in the mining industry, and both he and our Board came to the mutual decision that he is well suited for having oversight of the Wolfsberg Project. This will enable him to dedicate all of his time to operationalizing this foundational asset to Europe’s lithium-ion battery supply chain. With Dietrich leading our operations in Europe, I look forward to focusing my efforts on the Company’s broader strategy, overseeing engagement with our customers, advancing our plans in Saudi Arabia, and evaluating additional strategic assets.”
Mr. Wanke, said:
I am very pleased to head up our operations in Europe. This change will allow me to focus on advancing operations in what we expect to be the next significant producer of lithium products for the clean energy transition.
“I look forward to working more closely with our teams on the ground, the local government and community as we support local jobs and a greener future for our planet.”
Projects Update
As part of its development strategy, Critical Metals has a binding agreement with the Obeikan Group to jointly develop and operate a lithium hydroxide plant in Saudi Arabia. The lithium spodumene concentrator will provide the feedstock for the hydroxide plant to be processed into battery-grade lithium to supply BMW, the global automotive powerhouse. Critical Metals expects the joint venture to be finalized over the next months.
To reflect both the Wolfsberg and lithium hydroxide assets, Critical Metals will conduct two new definitive feasibility studies (DFS) for the projects. The Company expects the DFSs to be completed this year. Critical Metals has engaged four of the largest engineering groups in the world to provide proposals to conduct the study.
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Critical Metals Appoints Tony Sage as Chief Executive Officer. source
