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Why Critical Metals Stock Is Rocketing Higher Today
The Motley Fool· 2026-01-14 19:59
Core Viewpoint - Critical Metals is experiencing a significant increase in stock price due to positive drilling results from its Tanbreez project in Greenland, with shares up 34.46% [1][3]. Group 1: Company Developments - Critical Metals reported the first assay results from its 2025 drilling program at the Tanbreez Rare-Earth Project, indicating high grades of rare-earth elements [2]. - The assay results revealed total rare-earth oxide and yttrium grades ranging from 0.40% to 0.47%, with heavy rare-earth oxides constituting approximately 26% to 27% of the total [4]. - The company has approved the development of pilot-plant facilities at the Tanbreez project, with Phase 1 expected to be operational by May 2026 [5]. Group 2: Market Performance - As of 2:55 p.m. ET, shares of Critical Metals are trading at $18.18, reflecting a day's range between $13.27 and $19.05 [3]. - The market capitalization of Critical Metals stands at $1.6 billion, with a trading volume of 52 million shares compared to an average volume of 14 million [3][4].