Financial Wire

Critical Metals Says Greenland Approves Transfer of Tanbreez Stake; Shares Rise Pre-Bell

-- Critical Metals (CRML) said Friday that the Government of Greenland has approved the transfer of the remaining 50.5% stake in Tanbreez Mining Greenland, increasing the company's ownership to 92.5%.

The company said the transaction consolidates its controlling interest in the Tanbreez rare earth project, with European Lithium retaining a 7.5% stake.

Tanbreez, located in Southern Greenland, is endowed with all eight critical heavy rare earth elements, Critical Metals said.

Shares of Critical Metals rose 22% in Friday premarket trading.

Price: $11.31, Change: $+2.04, Percent Change: +22.01%

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