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CommoditiesHigh ImpactUpdated×4•Originally published 17 April 2026•Updated 18 April 2026•

1 min read

Critical Metals Closes Up 35% Following Greenland Approval for Rare Earth Expansion

An open-pit mine with heavy machinery, piles of ore, and mining tools. Chinese and Canadian flags are in the background, overlaid with rising green and red graphs. Bitcoin coins and hard hats are in t

Key Facts

1Critical Metals Corp shares surged up to 45% after increasing its stake in the Tanbreez rare earth project in Greenland to 92.5%.

about 2 months ago

Version History

Version 4about 2 months ago

What changed: Updated with production timeline (Q4 2028), details on $205M in new financing/PIPE, and 100% pre-contracted output agreements including Saudi Arabia.

Version 3about 2 months ago

What changed: The story was updated to include the technical breakout above the 50-day and 100-day moving averages and to note the new positive analyst coverage.

Version 2about 2 months ago

What changed: Specified the exact percentage of the increased ownership stake (92.5%) in the Tanbreez project following the Greenland government's approval.

Version 1about 2 months ago

What changed: Updated the story to include the final closing price (35.49% gain), significant trading volume, and formal regulatory approval from the Greenland government.

Critical Metals Corp (CRML) shares surged 35.49% to close at $12.56 following Greenland's approval to increase its stake in the Tanbreez project to 92.5%. The company has now set a target for first ore production by Q4 2028, with 100% of the projected output already pre-contracted through strategic offtake agreements in the US, EU, and Saudi Arabia. To support these operations, the firm secured $120 million in financing and an $85 million PIPE investment, offsetting concerns over a recent $13 million quarterly loss. Technical indicators show the stock breaking above its 50-day and 100-day moving averages on high volume of 73 million shares. With a market cap of $1.1 billion, the project is positioned as a critical Western source for terbium and dysprosium, essential for high-tech and defense supply chains.