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Tag: Critical Metals Corp

  • Critical Metals (CRML) Stock Surges As Greenland Drilling Program Begins

    Critical Metals (CRML) Stock Surges As Greenland Drilling Program Begins

    Following the announcement of a major milestone in its exploration strategy, trading activity for Critical Metals Corp. (NASDAQ: CRML) significantly increased. According to the most recent trade data, CRML shares increased 18.29% to $3.53. This increase coincides with the company’s fiscal 2025 campaign, which began with the start of a 2000-meter diamond drilling program at the Tanbreez Rare Earth Project in Greenland.

    Expansion of Resource Base Underway

    The new drilling campaign is a strategic step aimed at increasing the current Mineral Resource Estimate (MRE) and progressing toward a Bankable Feasibility Study (BFS). A recently installed drilling rig is expected to bolster Critical Metals’ ability to define a more extensive resource.

    With an indicated resource of 8.76 million tonnes (Mt) and an inferred resource of 13.8 Mt, the Fjord Eudialyte Deposit now has a total of 22.56 Mt. With eudialyte making up 30% to 40% of the core, the first drill hole, K25-01, has already reached around 60 meters and intersects mineralized kakortokite rock.

    Geological and Operational Advances

    The goal of the drilling will be to follow the host rock’s orientation from northeast to southwest and extend the known resource eastward by around 700 meters over a 650-meter strike length.

    Drilling depths are planned between 80 and 250 meters to accommodate different topographical situations. The program is being executed by 60 North Greenland, a seasoned local drilling contractor, in collaboration with leading rare earth geologists.

    Toward Feasibility and Production

    The full exploration team, alongside the Definitive Feasibility Study (DFS) personnel, is actively conducting fieldwork. Data from the 2024 and 2025 campaigns will support Critical Metals’ plans to finalize the BFS.

    These findings will also contribute to the required documentation for Greenlandic regulators and financing entities such as the Export-Import Bank of the United States (EXIM). Critical Metals (CRML) remains committed to completing its final reports by the fourth quarter of 2025.

  • Critical Metals (CRML) Extends Rally In After-Hour Trading

    Critical Metals (CRML) Extends Rally In After-Hour Trading

    In after-hours trading last Friday, shares of Critical Metals Corp. (NASDAQ: CRML) continued their upward trend, closing at $2.28, up 5.49%. This came after the regular session saw a remarkable 40.26% increase, closing the day at $2.16. Investor excitement may be linked to recent developments in the company’s flagship Tanbreez Project in Southern Greenland, even though no immediate news was given at the time of the surge.

    Promising Economic Outlook from Tanbreez PEA

    Critical Metals Corp. has completed an independent Preliminary Economic Assessment (PEA) for the Tanbreez Project, one of the world’s largest rare earth deposits. The report highlights an early Mineral Resource Estimate of 44.97 million metric tons, or around 1% of the 4.7 billion metric tons of host rock, suggesting a significant amount of untapped potential. The analysis estimates that the project has an Internal Rate of Return (IRR) of 180% and a Net Present Value (NPV) of US$3 billion.

    An Important Resource in the Worldwide Supply Chain

    The Tanbreez Project, situated along Greenland’s coast with deep-water fjord access, benefits from a mining license valid through 2050 and a notably low environmental footprint. Rare earth oxide (REO) production is expected to start at 85,000 tons per year (tpa) and scale modularly to 425,000 tpa.

    Plans include for hydrometallurgical refinement in the US or the EU, as well as dry beneficiation on the site. With only 3% waste and two saleable byproducts, Tanbreez is positioned as a key Western-aligned source of heavy rare earth elements (HREEs), aligning closely with U.S. and EU critical materials strategies.

    Path Forward and Expansion Potential

    Critical Metals Corp currently holds a 42% stake in the Tanbreez Project and aims to invest $10 million in further exploration by the end of 2025. After it is finished, CRML will be able to issue shares worth $116 million to raise its shareholding to 92.5%.

    By the end of 2025, Critical Metals Corp. (CRML) anticipates a conclusive feasibility study that might unlock further value. The Tanbreez Project is well-positioned to establish itself as a key component of Western supply chains for defense and next-generation technologies due to the robust regulatory support and worldwide demand for rare earths.