US Critical Metals Corp. announced a brokered private placement on best effort basis of up to 10,000,000 units at a price of CAD 0.35 per unit for proceeds of CAD 3,500,000 on February 27, 2023. Each Unit consists of one Common Share and one Common Share purchase warrant.

Each Warrant entitles the holder thereof to acquire one Common Share at a price of CAD 0.55 per Common Share for a period of 36 months from the closing date of the Offering. The Company has granted the Agent an option to sell up to an additional 15% of the Units at the Issue Price, exercisable in whole or part at any time up to 48 hours prior to the closing of the Offering. The company may pay finder's fees not exceeding 7% of the proceeds.

The securities issued are subject to a hold period of four months and a day from the issuance. Closing of the Offering is expected to occur on or about March 22, 2023. The transaction is subject to approval of TSX venture exchange.