Mr. Scott Benson reports

EARLY WARNING NEWS RELEASE

Recharge Capital Corp., on March 12, 2024, disposed of an aggregate of 4.7 million common shares of U.S. Critical Metals Corp., of 550 Burrard St., Suite 2300, Vancouver, B.C., V6C 2B5, Canada, pursuant to a private transaction with one individual (purchaser). The transferred shares were disposed of at a price of five cents per transferred share for aggregate gross proceeds of $235,000.

Immediately before the transaction, Recharge had ownership of 10.7 million common shares of the issuer, and held options and warrants of the issuer entitling it to acquire a further 9.25 million common shares, representing 16.96 per cent of the issued and outstanding common shares on a non-diluted basis, and 27.59 per cent of the issued and outstanding common shares on a partially diluted basis (based on the issuer's most recent disclosure that a total of 63,058,076 common shares are outstanding). Following the transaction, Recharge beneficially owned and controlled six million common shares, and held options and warrants of the issuer entitling it to acquire 9.25 million common shares, representing 9.51 per cent of the issued and outstanding common shares on a non-diluted basis, and 21.09 per cent of the issued and outstanding common shares on a partially diluted basis.

Recharge has previously provided an undertaking to the issuer confirming it will not exercise its share purchase warrants to the extent that such exercise would cause Recharge to hold 19.9 per cent or more of the issued and outstanding common shares until the issuer obtains the requisite regulatory and shareholder approvals.

Recharge is a company of which Scott Benson is the controlling shareholder, and a director of the issuer, and it entered into the transaction for investment purposes. Recharge may increase or reduce its investment in the issuer according to market conditions or other relevant factors.

The head office address for Recharge is 1055 West Georgia St., Royal Centre, P.O. Box 1117, Vancouver, B.C., V6E 4N7. A copy of Recharge's early warning report will be filed on the issuer's SEDAR+ profile.