StocksMedium•5 October 2026•
1 min read
Greenland Approves Critical Metals Corp’s Mining Plan for Tanbreez Project
Key Facts
1The Government of Greenland formally approved the Mining Plan and Closure Plan for Critical Metals Corp's Tanbreez Project.
2The approvals cover the extraction of 19 critical elements, including heavy rare earths and magnet metals, valid through 2050.
The Government of Greenland formally approved the Mining Plan and Closure Plan for Critical Metals Corp's flagship Tanbreez Project, GlobeNewswire reported. The approvals grant the company rights to extract 19 critical elements, including heavy rare earths and magnet metals, under a license valid until September 8, 2050.
CRML closed at $7.03 on October 2, 2026, having traded between a session low of $7 and a high of $7.32. This regulatory milestone establishes the legal framework for the project, which is considered essential for securing supply chains for electric vehicles and defense systems.