Rimbal Pty Ltd Acquires 11.5% Stake in Critical Metals Corp. via Asset Exchange

On May 6, 2026, Rimbal Pty Ltd and its sole owner, Gregory Bennett Barnes, filed a Schedule 13D reporting an 11.5% ownership stake in Critical Metals Corp. (CRML). The reporting persons acquired 14,500,000 ordinary shares on April 29, 2026, as part of a transaction contemplated by a Heads of Agreement. In exchange for these shares, the Issuer received an additional 50.5% ownership interest in Tanbreez Mining Greenland A/S from Rimbal. Following this transaction, Rimbal and Mr. Barnes beneficially own a total of 14,509,449 ordinary shares. Under the terms of the agreement, Rimbal has also been granted the right to appoint a nominee director to the Issuer's board of directors. The acquisition was funded through the exchange of equity interests rather than cash. The filing indicates that Rimbal's principal business is mining exploration and evaluation, and the shares were acquired for strategic investment purposes related to the Tanbreez project.