European Lithium Ltd. (AU:EUR) has released an update.
Critical Metals Corp. has taken a significant step towards solidifying its presence in the rare earth market by purchasing a 5.55% equity interest in the Tanbreez Greenland Rare Earth Mine for $5 million, with plans to further acquire a 92.5% controlling interest. European Lithium retains a 7.5% stake in Tanbreez and holds a significant number of shares in Critical Metals Corp, valued at over $781 million. This move is aimed at establishing a stable supply of essential materials for tech and defense industries in Western countries.
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