Critical Metals Boosts Stake in Greenland Rare Earths Asset
Landscape near to the Tanbreez rare earth minerals site to Narsarsuaq, the gateway settlement to southern Greenland.
Photographer: Carsten Snejbjerg/BloombergCritical Metals Corp. boosted its stake in the Tanbreez rare earth deposit in Greenland, consolidating ownership of an asset the firm hopes will serve a US-aligned supply chain. The stock soared.
The company now owns 92.5% of the project after acquiring the 50.5% interest that it didn’t already own from Rimbal Pty Ltd., according to a document viewed by Bloomberg News. Critical Metals confirmed the increase in ownership in a Friday statement.