Critical Metals Limited is an incubator of high value metals and minerals projects in Sweden. The Board and Management have been working as a Team in Sweden since 2008 and combine their expertise in country to identify opportunities, add value and bring in high quality partners to derisk further investment. Critical Metals is aspiring to build a portfolio of diversified Swedish projects and implement a business model similar to the highly successful Altius Minerals Inc.
Critical Metals Limited was formed following the divestment of the Swedish portfolio owned by ASX listed Hannans Ltd in September 2016. All shareholders in Hannans became shareholders in Critical Metals.
Hannans was founded in February 2002 in Torbay, Western Australia by Dr Ernest Dechow, Mr William (Bill) Hicks and Mr Damian Hicks. Hannans initial focus was exploring for precious and base metals in Western Australia. The Company listed on the Australian Securities Exchange on 5 December 2003.
Since inception Hannans has conducted extensive exploration campaigns in the East Pilbara, Forrestania, Lake Johnston and Queen Victoria Rock regions of Western Australia. In early 2012 Hannans divested is manganese project in the Pilbara region via an in-specie to Hannans shareholders. In mid 2012 Hannans acquired ASX listed Scandinavian Resources Limited including its subsidiary companies Scandinavian Resources AB and Kiruna Iron AB. The purpose of the acquisition was to gain access to the Raskkuri Iron Project and a portfolio of copper-gold projects in Sweden. Scandinavian Resources was founded in 2008 by Damian Hicks and Olof Forslund to incubate high value metals and minerals projects in Scandinavia. In September 2016 Hannans divested is Swedish portfolio into Critical Metals Ltd.