Critical Metals stock surges after taking full control of Greenland rare earth project
Geopolitics · Mining.com ·
Greenland approved Critical Metals' indirect transfer of the Tanbreez rare earth mining license, allowing the company to reach 92.5% ownership of the project. The stock surged 23.6% in pre-market trading to $11.46/share, valuing the company at $1.4 billion. Tanbreez is positioned as one of the largest undeveloped heavy rare earth deposits outside China.