Critical Infrastructure Technologies: Financial Position Strengthened

Executive Summary

• CiTech received $973,685 from the exercise of 3,245,619 warrants at $0.30 each.
• The company also secured a $395,600 deposit (30% of purchase price) from Critical Metals Corp. for the sale of a Nexus 20 platform to be deployed on the Tanbreez Project in Greenland.
• The combined $1.37 M cash infusion strengthens CiTech’s balance sheet and funds the completion of five Nexus units under construction and its international expansion plans.

Key Details

• Warrant Exercise: 3,245,619 warrants exercised at $0.30 per warrant → $973,685 cash received.
• Deposit from Critical Metals Corp.: $395,600, representing a 30% deposit toward the sale of one Nexus 20 platform.
• Purpose of Funds:
• Complete build‑out of five Nexus units currently under construction.
• Accelerate manufacturing program and fulfil existing customer demand.
• Support global market development for autonomous telecommunications and surveillance platforms.
• CEO Statement (Brenton Scott): “With the injection of these funds, we are financially well placed to complete the build of the five Nexus units currently under construction and escalate our international expansion.”
• Transaction Context: The Nexus 20 platform will be deployed to Critical Metals Corp.’s Tanbreez Project in Greenland, enhancing the buyer’s communications capability for its rare‑earth mining operation.

Notable Quotes

• “The injection of capital strengthens the company’s ability to accelerate current production and international growth initiatives.” – Brenton Scott, CEO & Director, CiTech.