After a Reuters report suggesting that the federal government was considering a position in Critical Metals (CRML) sent shares skyrocketing, Bloomberg reported that a White House official said that the Trump administration is not currently considering a deal to take a stake in the rare earth mineral miner. The administration has received hundreds of deal proposals involving equity stakes, but it is not actively considering an agreement with Critical Metals, according to the official cites by Bloomberg.
Claim 55% Off TipRanks
New trading tool for CRML bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRML:
- Critical Metals Corp trading halted, volatility trading pause
- Trump Trade: Trump administration discusses taking stake in Critical Metals
- Critical Metals Corp. Secures $35 Million PIPE Financing
- Video: AMD jumps on OpenAI deal, Micron rises after upgrade
- Critical Metals signs $35M private investment in public equity