NEW YORK, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, today announced that it has amended its agreement to acquire the Tanbreez Greenland Rare Earth Mine (the “Tanbreez Project”) from Rimbal Pty Ltd. (“Rimbal”), a company controlled by geologist and project founder Gregory Barnes. Under the terms of the amended agreement, Critical Metals Corp now has the right to increase its ownership stake in ...

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]

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]

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]

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]

Core Insights - Critical Metals Corp is advancing its drilling program at the Tanbreez Rare Earth Project in Greenland, aiming for commercial production by 2026 to meet increasing demand in the West [1][2] - The company has initiated a 2000m resource diamond drilling program to enhance the current Mineral Resource Estimate (MRE) and support the development of a Bankable Feasibility Study (BFS) [2][4] - The existing MRE for the Fjord Eudialyte Deposit is currently at 8.76 million tonnes (Mt) indicated and 13.8 Mt inferred, totaling 22.56 Mt [5] Drilling Campaign Highlights - The first drill hole, K25-01, has been completed to approximately 60m, showing a composition of 30%-40% medium-grained eudialyte [5] - The drilling program aims to extend resources approximately 700m to the east and 650m along the strike of the host rock [5] - Target depths for the drill holes will range from 80m to 250m [5] Next Steps - The exploration and DFS study teams are conducting detailed fieldwork, with data collection crucial for finalizing the BFS and preparing reports for Greenland regulators and financial partners [4] - The company is on track to deliver final reports by Q4 2025 [4] Company Overview - Critical Metals Corp focuses on critical metals and minerals essential for electrification and next-generation technologies, with its flagship project, Tanbreez, being one of the largest rare earth deposits globally [10] - The Wolfsberg Lithium Project in Austria is another key asset, expected to be a major producer of lithium products for the European market [11] - The company aims to become a reliable supplier of critical minerals for defense applications and the clean energy transition [12]

Core Insights - The investment by CEO Eyal Peso and director nominee Alejandro Weinstein in Gauzy Ltd. underscores their strong belief in the company's strategic direction and future growth potential [1][2][3] - The purchase of 560,000 ordinary shares from an existing shareholder was completed in the first half of June 2025, indicating a significant commitment from the leadership [1][2] Company Overview - Gauzy Ltd. is a global leader in vision and light control technologies, focusing on research, development, manufacturing, and marketing of these technologies across various industries [4] - The company is headquartered in Tel Aviv, Israel, with subsidiaries in multiple countries including Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates [4] - Gauzy serves leading brands in aeronautics, automotive, and architecture, operating in over 60 countries through direct fulfillment and a trained distribution channel [4] Leadership Confidence - Eyal Peso's investment was financed entirely through a personal loan, reflecting his unwavering confidence in Gauzy's future [2] - Peso emphasized the company's exceptional growth potential, citing an expanding order book, strengthening strategic partnerships, and a robust intellectual property portfolio as key factors for accelerated value creation [3] - Alejandro Weinstein expressed strong confidence in Gauzy's roadmap for profitability and breakthrough technologies, highlighting the leadership's ability to deliver transformational shareholder value [3]