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Critical Metals Corp ( (CRML) ) has shared an announcement.
On June 16, 2025, Critical Metals Corp announced receiving a non-binding letter of interest from the Export-Import Bank of the United States (EXIM) for a $120 million funding package. This funding is intended to develop the Tanbreez Green Rare Earth Mine in Greenland, enabling the company to complete pre-production activities and commence mining. The Tanbreez Project is expected to require a total of $290 million to reach initial commercial production, with the potential to produce up to 85,000 metric tons of rare earth material annually. This development is significant as it positions Critical Metals Corp to counter China’s dominance in the rare earth supply chain, with support from the U.S. government and Greenland partners.
More about Critical Metals Corp
Critical Metals Corp is a leading mining development company focused on critical metals and minerals, producing strategic products essential for electrification and next-generation technologies for Europe and its western world partners. Its flagship project, Tanbreez, is one of the world’s largest rare earth deposits located in Southern Greenland. Another key asset is the Wolfsberg Lithium Project in Austria, which is strategically positioned to support the European market.
Average Trading Volume: 3,021,973
Technical Sentiment Signal: Hold
Current Market Cap: $298.8M
For a thorough assessment of CRML stock, go to TipRanks’ Stock Analysis page.