Why Did Critical Metals Stock Soar 90% Last Month?

Core Insights - Geopolitical events have significantly influenced investor interest in critical metals and mining companies, particularly Critical Metals Corp., which saw its shares rise by 89.8% in January 2026 due to various developments [1] - The company is currently valued at over $1.5 billion despite having no revenue, raising questions about its market valuation [2] Company Developments - Critical Metals has received approval to begin construction on its Tanbreez rare-earth project in Greenland, which is notable for its exceptional heavy rare-earth element profile and rich resources [3] - A new joint venture has been announced to establish a $1.5 billion rare-earth mineral processing facility in Saudi Arabia, which will secure long-term commitments for 25% of Tanbreez's rare-earth production [4] - The Austrian government has renewed the mining license for the Wolfsberg Project for an additional two years, marking it as Europe's first fully permitted lithium mine and a strategic asset [5] Industry Context - The demand for rare-earth minerals is growing globally, driven by their applications in electronics, renewable energy, and electric vehicles [2] - Investors are optimistic about Critical Metals as it appears to have strategies to mitigate reliance on China in the rare-earth industry, especially in light of U.S. national security interests regarding Greenland's mineral deposits [6] - The Trump administration has proposed creating a $12 billion strategic minerals reserve, indicating a heightened focus on securing critical minerals [7]