Critical Metals saw its share prices jump by 20.89 percent to close at $18.46 apiece as investor sentiment was bolstered by ongoing developments surrounding Greenland amid the United States’ aggressive plan to take over the Nordic country to boost its rare earths production.
It can be recalled that the US has been setting its sights on a potential acquisition of Greenland, a country with massive resources of critical minerals, in line with Trump’s plan to boost domestic production and reduce rare earths dependence on China.
While the initiative earned the ire of European leaders, it sparked rosy prospects for Critical Metals Corp. (NASDAQ:CRML), which is currently underway with the development of the Tanbreez Rare Earth project in Greenland.
Positioned to deliver a sustainable, reliable, and long-term supply, Critical Metals Corp. (NASDAQ:CRML) said that the project is set to meet the surging demand for critical minerals essential to national security, advanced technologies, defense systems, and the green energy transition.
“What sets Tanbreez apart in the rare earths industry is its exceptional heavy rare earth elements (HREE) profile. It is projected that the HREE is approximately 27% of the total rare earths in the deposit, a significant concentration far exceeding typical industry standards,” Critical Metals Corp. (NASDAQ:CRML) said about the Tanbreez project.
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