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Critical Metal Corp Obtains Crucial Environmental Approvals for the Tanbreez Project
Globenewswire· 2025-11-04 13:30
Core Insights - Critical Metals Corp has received approval for the geochemical test work reports for the Tanbreez project, marking a significant milestone towards commencing mining operations [1][2][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 [5][7] - The flagship Tanbreez project is one of the world's largest rare earth deposits located in Southern Greenland, with year-round direct shipping access via deep water fjords to the North Atlantic Ocean [5][7] - Another key asset is the Wolfsberg Lithium Project in Austria, which is the first fully permitted mine in Europe and is strategically positioned to become a major producer of lithium products for the European market [6][7] Project Developments - The geochemical test report for the Tanbreez project was submitted on September 29, 2025, and has been reviewed and approved by the Environment Agency for Mineral Resource Activities (EAMRA) [2][4] - The reports were prepared by Danish engineering firm NIRAS A/S, recognized for its multidisciplinary engineering and environmental consultancy [3][4] - The company aims to continue constructive collaboration with Greenland authorities and NIRAS to expedite the development of the Tanbreez project [4] Next Steps - Remaining approvals needed for the Tanbreez project include obtaining approval of the mine and closure plan and specific activity plans [5][9]
Verizon Is Taking Its Cell Service to Space. Should You Buy the High-Yield Dividend Stock Now?
Yahoo Finance· 2025-10-13 16:36
Core Insights - Verizon is a leading global telecommunications company with over 146 million retail connections in the U.S. as of mid-2025, focusing on mobility, network connectivity, and security while investing in next-generation technologies like 5G and fiber-optic networks [1] Stock Performance - Verizon's stock has shown volatility, with a 3.8% decline over the last 5 days and a 9.3% drop in the past month, remaining flat year-to-date but achieving a 30% gain over the last 2 years [2] - The company has underperformed compared to the S&P 500 Index, which gained 14% over the past 52 weeks, indicating competitive and sector-specific challenges [3] Financial Performance - Verizon reported strong second-quarter results, with adjusted earnings per share of $1.22, exceeding the consensus estimate of $1.19, and total operating revenue of $34.5 billion, a 5.2% year-over-year increase [4] - Wireless service revenue increased by 2.2% to $20.9 billion, while wireless equipment revenue rose by 25% to $6.3 billion, reflecting strong device sales [5] - The broadband division added 293,000 net subscribers, and free cash flow for the first half of 2025 increased to $8.8 billion from $8.5 billion in the previous year [5] Future Outlook - Verizon has revised its full-year guidance upward, targeting adjusted EPS growth of 1%-3%, adjusted EBITDA growth of 2.5%-3.5%, and free cash flow between $19.5 billion and $20.5 billion, citing operational strength and favorable tax reform benefits [6]
Critical Metals Corp Announces Gross Proceeds of $2MM USD from the Exercise of Warrants Priced at $5.00 USD from Institutional Fund
Globenewswire· 2025-05-29 12:56
Core Viewpoint - Critical Metals Corp has exercised outstanding warrants to purchase 400,000 ordinary shares at an exercise price of $5.00 per warrant, generating approximately $2 million in gross proceeds, which will be used to advance its critical mineral projects in Greenland and Europe [1][2][3]. Group 1: Financial Actions - The company exercised warrants for 400,000 shares, resulting in gross proceeds of about $2 million [1]. - The exercise of warrants led to the removal of restrictions on an additional 1,200,000 ordinary shares [1]. Group 2: Project Development - The net proceeds from the warrant exercise will primarily support the development of the Tanbreez Project in Greenland and the Wolfsberg Project in Austria [2][3]. - The Tanbreez Project is one of the largest rare earth deposits globally, located in Southern Greenland, with year-round shipping access [4]. - The Wolfsberg Lithium Project is the first fully permitted mine in Europe, strategically positioned to become a major producer of lithium products for the European market [5]. Group 3: Strategic Positioning - Critical Metals Corp aims to be a reliable supplier of critical minerals essential for defense applications and the clean energy transition [6]. - The company is focused on producing strategic products necessary for electrification and next-generation technologies for Europe and its partners [4][6].