Critical Metals(US:CRML) Globenewswire·2026-01-07 13:30Core Viewpoint - Critical Metals Corp has officially approved the construction of a multi-use storage and pilot-plant facility in Qaqortoq, Greenland, which is essential for the Tanbreez rare earth and critical metals project [2][3]. Project Overview - The project involves the design and construction of an Arctic-grade, insulated, multi-purpose industrial building in Qaqortoq, Greenland, with a completion target for the Pilot Plant Section by May 2026 [4][5]. - The facility will include a weather-tight and insulated building envelope, a completed load-bearing floor, and full access for equipment delivery and installation [6][7][8]. Contract Details - A comprehensive turnkey contract has been awarded to 60° North Greenland, which includes full responsibility for engineering, permitting, logistics, construction, and commissioning [4][5]. - The contract specifies that the pilot plant section is scheduled to be ready for use on or before May 2026, contingent on the employer fulfilling its obligations [5][8]. Local Presence and Commitment - Critical Metals Corp has purchased a corporate housing property in Qaqortoq to serve as a local office, reinforcing its long-term operational commitment and facilitating close coordination with local contractors and authorities [9]. - Establishing a permanent office in Qaqortoq demonstrates the company's commitment to responsible and efficient operations as it advances the Tanbreez project [3][9]. Company Background - Critical Metals Corp is focused on critical metals and minerals, producing strategic products essential for electrification and next-generation technologies, with its flagship project, Tanbreez, being one of the largest rare-earth deposits globally [10]. - The company also holds the Wolfsberg Lithium Project in Austria, which is the first fully permitted mine in Europe and is strategically positioned to support the European market [11].