US Critical Metals Announces Extension of Closing Date and Amended Terms of Non-Brokered Private Placement of Units

US Critical Metals Announces Extension of Closing Date and

Amended Terms of Non-Brokered Private Placement of Units

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia ( March 6, 2025) – US Critical Metals Corp. (“ USCM” or the

“Company”) ( CSE: USCM) (OTCQB: USCMF) (FSE: 0IU0) announce s, further to its new

releases dated January 10, 2025 and January 21, 2025, an extension of its previously announced

non-brokered private placement (the “ Offering”) of units of the Company (each, a “ Unit” and

collectively, the “Units”) at a price of C$0.05 per Unit for gross proceeds of up to C$1,300,000. In

addition, the Company has amended the terms of the Offering such that all warrants (each, a

“Warrant” and collectively, the “ Warrants”) to be issued and sold pursuant to the Offering will

entitle the holder thereof to acquire one common share in the authorized share structure o f the

Company (each, a “Warrant Share” and each common share in the authorized share structure

of the Company, a “ Common Share”) at a price of $0.06 per Warrant Share (the “ Exercise

Price”).

In order to provide sufficient time for additional investors to participate in the Offering, the

Company has extended the closing date of the Offering previously scheduled for January 31,

2025, to on or about, but no later than, March 31, 2025 (the “Closing Date”).

Under the amended terms of the Offering, each Unit will consist of one Common Share and one

Warrant. Each Warrant will entitle the holder thereof to acquire one Warrant Share at the Exercise

Price for a period of 24 months from the Closing Date of the Offering.

The net proceeds of the Offering will be used for exploration of the Clayton Ridge Lithium Project,

the Sheep Creek Rare Earth Project, the Haynes Cobalt Project, the Long Canyon Vanadium and

Uranium Project and the McDermitt East Lithium Project and for general and working capital

purposes.

The Units will be offered and sold by private placement in Canada to “accredited investors” within

the meaning of National Instrument 45 -106 – Prospectus Exemptions and other exempt

purchasers in each province of Canada and may be sold outside of Canada on a basis which

does not require the qualification or registration of any of the Common Shares or the Warrants

comprising the Units in the subscriber ’s jurisdiction. The Company may also concurrently offer

and sell Units outside of Canada on a non -brokered, unregistered private placement basis to a

limited number of “accredited investors” (as defined in Regulation D under the United States

Securities Act of 1933 , as amended (the “U.S. Securities Act”)) with whom the Company has

substantive pre -existing relationships , in reliance on exemptions from the registration

requirements of the U.S. Securities Act and applicable state securities laws or in other jurisdictions

where permitted by law.

The securities issued pursuant to the Offering will be subject to applicable hold periods imposed

under applicable securities legislation, including a hold period of four months and one day from

the date of issuance. The Offering is subject to receipt of all necessary regulatory approvals,

including approval of the Canadian Securities Exchange (the “CSE”).

This news release does not constitute an offer to sell or a solicitation of an offer to buy

any of the securities described in this news release. Such securities have not been , and

will not be , registered under the U.S. Securities Act , or any state securities laws , and,

accordingly, may not be offered or sold within the United States , or to or for the account

or benefit of persons in the United States or “U.S. Persons”, as such term is defined in

Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S.

Securities Act and applicable state securities laws or pursuant to an exemption from such

registration requirements.

About US Critical Metals Corp.

USCM is focused on mining projects that will further secure the U.S. supply of critical metals and

rare earth elements, which are essential to fueling the new age economy. Pursuant to option

agreements with private Canadian and American companies, USCM’s assets consist of three

agreements, each providing USCM with the righ t to acquire interests in four discovery focused

projects in the U.S. These projects include the Clayton Ridge Lithium Property located in Nevada,

the Haynes Cobalt Property located in Idaho, the Sheep Creek located in Montana, and Lemhi

Pass located in Idaho. A significant percentage of the world’s critical metal and rare earth supply

comes from nations with interests that are contrary to those of the U.S. USCM intends to explore

and develop critical metals and rare earth assets with near - and long-term strategic value to the

advancement of U.S. interests.

For further information please contact:

Darren Collins

Chief Executive Officer & Director

Telephone: +1 (786) 633-1756

Email: [email protected]

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in

the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or

accuracy of this release.

Disclaimer for Forward-Looking Information

This news release contains certain information that may be deemed “forward-looking information”

with respect to USCM within the meaning of applicable securities laws. Such forward -looking

information involves known and unknown risks, uncertainties and othe r factors that may cause

USCM’s actual results, performance or achievements, or developments in the industry to differ

materially from the anticipated results, performance or achievements expressed or implied by

such forward-looking information. Forward-looking information includes statements that are not

historical facts and are generally, but not always, identified by the words “expects”, “plans”,

“anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or

that events or conditions “will”, “would”, “may”, “could” or “should” occur.

Forward-looking information contained in this press release may include, without limitation,

exploration plans and expected exploration and drilling results at the Company’s projects, results

of operations, the expected financial performance of the Company, the successful closing of the

Offering and the expected date thereof, the anticipated gross proceeds of the Offering, the receipt

of a ll applicable required approvals in respect of the Offering, including but not limited to the

approval of the CSE, the intended use of the net proceeds of the Offering and the Company’s

ability to complete the Offering on the proposed terms or at all. Although USCM believes the

forward-looking information contained in this news release is reasonable based on information

available on the date hereof, by its nature, forward-looking information involves assumptions and

known and unknown risks, uncertainties and other factors which m ay cause our actual results,

level of activity, performance or achievements, or other future events, to be materially different

from any future results, performance or achievements expressed or implied by such forward -

looking information. Examples of such assumptions, risks and uncertainties include, without

limitation, assumptions, risks and uncertainties associated with general economic conditions;

adverse industry events; the receipt of required regulatory approvals and the timing of such

approvals; that USCM maintains good relationships with the communities in which it operates or

proposes to operate; future legislative and regulatory developments in the mining sector; USCM’s

ability to access sufficient capital from internal and external sources, and/or inability to access

sufficient capital on favorable terms; mining industry and markets in Canada and generally; the

ability of USCM to implement its business strategies; competition; the risk that any of the

assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned

work; risks associated with the interpretation of data, the geology, grade and continuity of mineral

deposits; the possibility that results will not be consistent with USCM’s expectation s; as well as

other assumptions, risks and uncertainties applicable to mineral exploration and development

activities and to USCM, including as set forth in the USCM’s public disclosure documents filed on

the SEDAR+ website at www.sedarplus.ca.

The forward-looking information contained in this press release represents the expectations of

USCM as of the date of this press release and, accordingly, is subject to change after such date.

Readers should not place undue importance on forward -looking information and should not rely

upon this information as of any other date. While USCM may elect to, it does not undertake to

update this information at any particular time except as required in accordance with applicable

laws.