Critical Metals Stock Surges After Securing Full Control of Greenland Rare Earth Project

Shares of Critical Metals Corp. surged sharply after the company secured near-total control of a major rare earth project in Greenland, signaling a significant milestone in the global race for critical minerals.

The rally followed approval from Greenland authorities for the transfer of the remaining 50.5% stake in the Tanbreez rare earth project, raising Critical Metals’ ownership to 92.5%. The move effectively gives the company operational and strategic control over one of the world’s largest undeveloped rare earth deposits.

Following the announcement, the company’s stock jumped between 23% and 35% in trading, reflecting strong investor confidence in the project’s long-term potential and its importance to global supply chains.

The Tanbreez project, located in southern Greenland, is estimated to contain tens of millions of tonnes of rare earth resources, including a significant share of heavy rare earth elements used in defense systems, renewable energy technologies, and advanced electronics.

With control consolidated, Critical Metals is now moving forward with development plans, including feasibility studies, pilot plant operations, and infrastructure expansion. The company has also secured financial backing, including a potential $120 million funding support from the U.S. Export-Import Bank, to accelerate progress.

Industry analysts note that the project holds strategic importance as Western nations seek to reduce dependence on China, which currently dominates the global rare earth supply chain. The Greenland asset could play a key role in diversifying supply for the United States and its allies.

The company is targeting initial production toward the end of the decade, with plans to scale output significantly in later phases. Discussions with potential buyers and supply partners across the U.S., Europe, and the Middle East are already underway, indicating strong commercial interest in the project.

The surge in Critical Metals’ stock underscores growing investor focus on critical minerals, as demand continues to rise alongside the global transition to clean energy and advanced technologies.