Critical Metals(CRML)
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Critical Metals Corp NASDAQ CRML – Surpasses 70% Completion Milestone of the Tanbreez Bankable Feasibility Study & Remains on Schedule for Completion on or Before Q4 2025
Globenewswire· 2025-09-02 12:00
Core Insights - Critical Metals Corp. announced that Tanbreez Mining Greenland A/S is approximately 70% complete on the final stages of the Bankable Feasibility Study (BFS) for a 500,000 tons per annum mining and processing operation at the Tanbreez Rare Earth Project in South Greenland, with submission expected in Q4 2025 [1][6][7] Project Development - The BFS is being led by Danish engineering firm NIRAS A/S, focusing on both technical and environmental aspects to ensure responsible development [1][2] - The engineering scope includes detailed design of open pit mining phases, logistics, crushing and magnetic separation circuits, and tailings deposition infrastructure [3][5] - Environmental fieldwork for the 2025 baseline sampling program has been completed, which included freshwater sampling, sediment coring, and marine fauna sampling [9][10][11] Environmental Commitment - The completion of the baseline sampling program supports the Environmental Impact Assessment (EIA) and reinforces the commitment to responsible development [11] - NIRAS is integrating hydrological modeling, dust dispersion controls, and closure planning into the final design to ensure long-term environmental compliance [3][5] Project Significance - The Tanbreez Rare Earth Project is one of the world's largest hard rock rare earth deposits, notable for its high concentration of heavy rare earth oxides (HREOs) and low levels of uranium and thorium, enhancing its environmental and political viability [14][18] - The project is expected to play a crucial role in supplying critical minerals essential for high-tech applications, clean energy, and defense industries [19][21]
Critical Metals Corp NASDAQ CRML Secures 10 Year TANBREEZ Off-Take Agreement with Department of Defense Funded Rare Earth Processor Ucore Rare Metals
Globenewswire· 2025-08-26 15:00
Core Insights - Critical Metals Corp has signed a letter of intent (LOI) for a significant offtake agreement with Ucore Rare Metals Inc, marking a major commercial milestone for the Tanbreez Project [1][2][3] Group 1: Agreement Details - The multi-year offtake arrangement allows Critical Metals Corp to supply up to 10,000 metric tons annually of rare earth concentrate from the Tanbreez Project, which is about 10% of the project's initial projected production [2] - The concentrate will undergo hydro-metallurgical processing and serve as feedstock for Ucore's processing facility in Louisiana, which is focused on heavy rare earths [2][3] Group 2: Strategic Importance - The partnership aims to reduce reliance on China for rare earth supplies, addressing national security challenges while meeting the growing demand for rare earths [3] - Critical Metals Corp's Tanbreez Project is recognized for its significant concentration of heavy rare earths, essential for Ucore's operations [3] Group 3: Future Steps - Both parties are working towards definitive documentation, with the execution of agreements subject to customary conditions such as due diligence and necessary approvals [4] Group 4: Company Overview - Critical Metals Corp is a leading mining development company focused on critical metals and minerals, with the Tanbreez Project being one of the world's largest rare earth deposits located in Southern Greenland [5] - The company also has the Wolfsberg Lithium Project in Austria, which is the first fully permitted lithium mine in Europe, strategically positioned to support the European market [6][7] Group 5: Ucore Overview - Ucore Rare Metals Inc specializes in rare and critical metal resources, aiming to become a leading advanced technology company in metal separation products and services [8] - Ucore's strategy includes disrupting China's control over the North American rare earth supply chain through the development of processing facilities in the U.S. and Canada [9]
Ucore Executes Supply Agreement with Critical Metals Corp.
Newsfile· 2025-08-26 14:59
Core Viewpoint - Ucore Rare Metals Inc. has signed a Non-binding Letter of Intent with Critical Metals Corp. for a long-term offtake agreement to secure heavy rare earth element feedstock from CMC's Tanbreez Project in Greenland, aiming to enhance the rare earth supply chain in the West and reduce reliance on China [1][2][3]. Company Overview - Ucore focuses on rare and critical metal resources, extraction, beneficiation, and separation technologies, with a vision to become a leading advanced technology company in the mining and mineral extraction industry [4]. - The company plans to develop a heavy and light rare-earth processing facility in Louisiana, followed by additional facilities in Canada and Alaska, and aims to advance its Bokan-Dotson Ridge Rare Heavy REE Project in Alaska [5]. Agreement Details - The proposed agreement entails Critical Metals Corp. supplying Ucore with a rare earth product from the Tanbreez Project over an initial 10-year term, which will be used as feedstock for Ucore's Strategic Metals Complex in Louisiana [2][3]. - The LOI outlines intentions to negotiate a Definitive Offtake Agreement, with delivery of a mixed rare earth carbonate or oxide starting on July 1, 2027, or upon commercial production [3].
Critical Metals Corp Reports Extremely High-Grade Drilling Results From its 2024 Program: 103 PPM Gallium & rare earth elements of 27.0% HREO & TREO Range 0.48% to 0.55% & Zirconium Oxide of 1.99% From Tanbreez in Greenland
GlobeNewswire News Room· 2025-08-18 12:00
Core Insights - Critical Metals Corp has published assay results from the Tanbreez Project in Greenland, highlighting the strategic value of the project as a source of rare earth elements and gallium [1][4][6]. Summary of Assay Results - The 2024 drilling program reported significant grades of total rare earth oxides (TREO) ranging from 0.48% to 0.55% across four drill holes, with a high proportion of heavy rare earth oxides (HREO) averaging 27% [2][5][14]. - The assay results for individual drill holes are as follows: - DDH-A1-24: 0.48% TREO, 27.1% HREO, 1.86% ZrO₂, 100 ppm Ga₂O₃ [2][11]. - DDH-A2-24: 0.52% TREO, 26.9% HREO, 1.96% ZrO₂, 95 ppm Ga₂O₃ [2][11]. - DDH-B-24: 0.50% TREO, 26.0% HREO, 1.99% ZrO₂, 100 ppm Ga₂O₃ [2][11]. - DDH-C-24: 0.55% TREO, 25.5% HREO, 1.98% ZrO₂, 90 ppm Ga₂O₃ [2][11]. - The mineralization remains open at depth in all reported holes, confirming continuity of grade and mineralogy across the Fjord Deposit [5][14][16]. Strategic Importance - The results from the Tanbreez Project are positioned as critical for Western supply chains, especially given the current global control of rare earth markets by China [6][7]. - The project is expected to enhance U.S. defense capabilities and national security by securing sources of critical minerals [6][7]. Future Prospects - The ongoing 2024-2025 drilling campaign aims to further delineate resources, with additional assay results from nine remaining drill holes expected in Q3 2025 [3][24]. - The company has already completed over 1,500 meters of drilling in 2025, indicating strong potential for resource expansion [5][7][24]. Company Overview - Critical Metals Corp is focused on critical metals and minerals, with the Tanbreez Project being one of the largest rare earth deposits globally, located in Southern Greenland [29][30]. - The company also holds the Wolfsberg Lithium Project in Austria, which is strategically positioned to support the European market for lithium products [30][31].
Critical Metal Corps Strengthens Management Team With Appointment of Mathias Barfod as President of Greenland Operations
Globenewswire· 2025-08-12 12:30
Core Viewpoint - Critical Metals Corp has appointed Mathias Barfod as President of Greenland Operations to enhance the development of the Tanbreez Project and strengthen community relations in Greenland [1][2][3] Company Overview - Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals essential for electrification and next-generation technologies [4][6] - The flagship Tanbreez Project is one of the world's largest rare earth deposits located in Southern Greenland, with year-round shipping access via deep water fjords [4][6] Leadership Appointment - Mathias Barfod, with over a decade of experience in the mineral resource sector in Greenland, will report directly to CEO Tony Sage [1][2] - Barfod's previous roles include developing resource estimates and guiding mineral resource companies on community relations and regulatory compliance in Greenland [3] Project Significance - The Tanbreez Project is expected to provide a secure supply of rare earth materials, contributing to the local Greenland economy and job creation [3][4] - The project is positioned to be developed sustainably and is strategically located for mining operations [4] Additional Assets - The Wolfsberg Lithium Project in Austria is the first fully permitted mine in Europe, expected to be a major producer of lithium products for the European market [5] - Critical Metals Corp aims to become a reliable supplier of critical minerals for defense applications and the clean energy transition [6]
General Timothy Ray, USAF (ret) Joins Critical Metals Corp’s Advisory Board
Globenewswire· 2025-08-11 12:30
Core Insights - Critical Metals Corp has formed a new Advisory Board, including General Tim Ray, to support its strategic development in critical minerals projects [1][2] - The company is advancing the Tanbreez project in southern Greenland, which is positioned to enhance North America's and Europe's security by reducing reliance on China for rare earth elements [2][4] - General Ray brings extensive military experience and strategic insights to the company, focusing on transatlantic defense cooperation [3][4] Company Overview - Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals essential for electrification and next-generation technologies [4][6] - The flagship Tanbreez project is one of the world's largest rare earth deposits, located in southern Greenland, with year-round shipping access via deep water fjords [4][6] - Another significant asset is the Wolfsberg Lithium Project in Austria, which is the first fully permitted mine in Europe and is expected to be a major producer of lithium products for the European market [5][6] Strategic Positioning - The company aims to become a reliable and sustainable supplier of critical minerals for defense applications and the clean energy transition [6] - The strategic location of the Tanbreez asset is expected to meet NATO and U.S. needs, enhancing the company's role in the broader security enterprise [4]
General Timothy Ray, USAF (ret) Joins Critical Metals Corp's Advisory Board
GlobeNewswire News Room· 2025-08-11 12:30
Core Insights - Critical Metals Corp has formed a new Advisory Board, including General Tim Ray, to assist in developing its critical minerals projects [1][2] - The company is advancing the Tanbreez project in southern Greenland, which is strategically important for North America and Europe to reduce reliance on China [2][4] - General Ray's expertise in defense and security will help the company enhance its strategic positioning and shareholder interests [2][4] Company Overview - Critical Metals Corp (Nasdaq: CRML) focuses on critical metals and minerals essential for electrification and next-generation technologies [4][6] - The flagship Tanbreez project is one of the largest rare earth deposits globally, located in southern Greenland with year-round shipping access [4][6] - The Wolfsberg Lithium Project in Austria is the first fully permitted lithium mine in Europe, strategically positioned to support the European market [5][6] Strategic Positioning - The company aims to become a reliable supplier of critical minerals for defense applications and the clean energy transition [6] - The strategic asset portfolio is designed to meet the needs of NATO and the United States, enhancing transatlantic defense cooperation [4][6]
Critical Metals Corp Engages Global Engineering Firm NIRAS to Finalize DFS for Tanbreez in Greenland
GlobeNewswire News Room· 2025-08-07 12:00
Core Insights - Critical Metals Corp has appointed NIRAS A/S to conduct a Definitive Feasibility Study (DFS) for the Tanbreez Rare Earth Project, which aims for a mining and processing operation of 500,000 metric tons per annum in southern Greenland [1][3] - The company currently holds a controlling interest in the Tanbreez Project and has the option to increase its ownership to 92.5% with an investment of up to $10 million, expected to be completed in 2025 [2] - The DFS will cover all technical, environmental, and commercial aspects of the project, and is expected to be completed in the fourth quarter of 2025 [4][8] Project Details - The DFS will be a key component for updating the Exploitation License documentation, which will be submitted to the Mineral License and Safety Authority (MLSA) of Greenland [4] - The study will include final mine design, production scheduling, capital and operating cost estimates, and environmental and social impact assessments [8] - NIRAS will also facilitate stakeholder engagement with local authorities and the MLSA, leveraging their experience in permitting processes [5] Company Overview - Critical Metals Corp focuses on critical metals and minerals essential for electrification and next-generation technologies, with the Tanbreez Project being one of the largest rare earth deposits globally [9] - The company also has the Wolfsberg Lithium Project in Austria, which is the first fully permitted lithium mine in Europe, strategically positioned for key infrastructure access [10] - With its strategic asset portfolio, the company aims to become a reliable supplier of critical minerals for defense applications and the clean energy transition [11]
Critical Metals Corp CRML NASDAQ – Announces Exceptionally High Grades of both Gallium & Rare Earth Elements Results at its Tanbreez Project in Greenland
Globenewswire· 2025-08-04 13:00
Core Insights - The Tanbreez Project is demonstrating exceptional results, with high-grade TREO deposits reaching up to 0.89% and approximately 27% HREO, exceeding internal estimates [1][2] - The strategic importance of the Tanbreez Project is highlighted by the U.S. need for domestic sources of critical minerals, especially in light of China's gallium export ban [2][29] - The company has made significant progress in its drilling programs, processing all 2024 drill cores and completing over 1,200 meters of drilling as part of the 2025 Fjord Resource Upgrade program [2][11] Drilling Results - Recent diamond drill assay results from ten holes show gallium oxide concentrations ranging from 80 ppm to 140 ppm and TREO values from 0.32% to 0.89% [5][28] - Historical drilling results confirm high-grade TREO values between 0.38% to 0.51% with 28% HREO at the Fjord Deposit and 0.42% to 0.48% with 26% HREO at the Hill Deposit [5][6] - The 2025 drilling program has completed five holes totaling 1,250 meters, with further assays pending [5][11] Mineral Resource Estimates - The current Mineral Resource Estimate for the Fjord Eudialyte Deposit includes an Indicated Resource of 8.76 million tons (MT) and an Inferred Resource of 13.8 MT, totaling 22.56 MT [16][36] - The company is executing a US$2.0 million diamond drill hole contract aimed at increasing the existing Mineral Resource Estimate [16][18] Strategic Importance - The gallium results from the Tanbreez Project are significant, as gallium is on multiple national critical minerals lists, enhancing the project's strategic appeal [28][29] - The project is positioned to support U.S. defense capabilities and national security by securing domestic sources of critical minerals [2][29] Company Overview - Critical Metals Corp. is focused on critical metals and minerals, with the Tanbreez Project being one of the largest rare earth deposits globally, located in Southern Greenland [38][39] - The company also holds the Wolfsberg Lithium Project, which is expected to be a major producer of lithium products for the European market [39][40]
Critical Metals Corp Announces the Creation of an Advisory Board
Globenewswire· 2025-07-31 13:00
Core Insights - Critical Metals Corp has established an Advisory Board to support its strategic development in critical minerals projects [1][2] - The Advisory Board includes experienced professionals Christian Aramayo and Mathew August, who will provide expertise in project development and capital markets [3][4] Company Overview - Critical Metals Corp is focused on mining critical metals and minerals essential for electrification and next-generation technologies, with its flagship project, Tanbreez, located in Southern Greenland [5][6] - The Tanbreez project is one of the largest rare earth deposits globally, benefiting from year-round shipping access via deep water fjords [5] - The Wolfsberg Lithium Project in Austria is the first fully permitted lithium mine in Europe, strategically positioned to become a major producer for the European market [6][7] Advisory Board Contributions - Christian Aramayo brings over 20 years of international mining experience, focusing on project development and operations in challenging environments [3][4] - Mathew August has over 15 years of experience in long-term investing and business growth in the defense, technology, and natural resources sectors, focusing on U.S. capital markets and Department of Defense relations [4][5]