Critical Metals Corp. Closes Acquisition of Final 50.5% Interest in Tanbreez, Bringing Current Ownership to 92.5%
Rhea-AI Summary
Critical Metals Corp (Nasdaq: CRML) closed the transfer of the remaining 50.5% interest in Tanbreez Mining Greenland A/S on April 30, 2026, bringing its total ownership to 92.5%. The company issued 14,500,000 ordinary shares in connection with the closing.
Critical Metals announced a non-binding letter of intent to acquire European Lithium Ltd (ASX: EUR) to consolidate the remaining 7.5% interest; completion is not guaranteed. Tanbreez is described as a large heavy rare earth deposit in Southern Greenland; the company says it will focus on advancing Tanbreez to production and building a Western-aligned supply chain for heavy rare earth elements.
Positive
- Ownership increased to 92.5% of Tanbreez
- Issued 14,500,000 ordinary shares to close the transfer
- Company will direct focus to advancing Tanbreez to production
Negative
- Share issuance causes equity dilution for existing shareholders
- Remaining 7.5% held by European Lithium remains outside control
- Acquisition LOI is non-binding; completion is not guaranteed
News Market Reaction – CRML
In the Apr 30 session, CRML gained 11.86%, reflecting a significant positive market reaction. Argus tracked a peak move of +9.7% during that session. Our momentum scanner triggered 54 alerts that day, indicating high trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Acquisition Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 27 | EUR acquisition proposal | Positive | +25.5% | Letter of intent to acquire European Lithium and consolidate remaining Tanbreez stake. |
| Mar 23 | Local operator deal | Positive | +7.0% | Agreement to acquire majority of 60° North Greenland to bolster Tanbreez infrastructure. |
| Jan 12 | Assay lab facility | Positive | -1.4% | Order of mobile REE assay lab to accelerate drilling and pilot-plant data at Tanbreez. |
| Nov 21 | Copper stockpile deal | Positive | -1.4% | All-share acquisition securing 40 kg ultra-high-purity copper powder stockpile. |
| Sep 29 | Tanbreez control amendment | Positive | +0.1% | Amended agreement to increase Tanbreez ownership from 42% to 92.5% via share issuance. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Acquisition headlines have generally been positive catalysts, with most prompting modest to strong gains but occasional small negative reactions.
Over the past months, CRML has used acquisitions to deepen control of Tanbreez and build supporting infrastructure. Deals ranged from amending the Tanbreez agreement to reach 92.5% ownership, to acquiring assay lab capacity and an ultra-high-purity copper stockpile, and buying into 60° North Greenland for local capabilities. The recent proposed acquisition of European Lithium aimed to consolidate the remaining 7.5% Tanbreez stake. Today’s closing of the final 50.5% transfer operationalizes that earlier Tanbreez agreement.
Key Terms
letter of intent financial
heavy rare earth elements technical
rare earth elements technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, April 30, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp.” or the “Company”), a leading critical minerals mining company, today announced the closing of the transfer of the remaining
European Lithium Ltd (ASX: EUR) retains the remaining
Tanbreez, located in Southern Greenland, is one of the world’s largest known deposits of heavy rare earth elements, which are essential inputs for defense, clean energy, and advanced technology applications.
Tony Sage, Chairman of Critical Metals Corp., commented:
“Closing this transaction gives Critical Metals Corp. near-total control of one of the most significant rare earth deposits in the Western world. This is a major milestone for the company and Greenland. We are now fully focused on delivering Tanbreez to production and establishing a critical, Western-aligned supply chain for heavy rare earth elements.”
ABOUT CRITICAL METALS CORP.
Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals, and producing strategic products essential to electrification and next-generation technologies for Europe and its Western world partners. Its flagship Project, Tanbreez, is one of the world's largest, rare-earth deposits and is located in Southern Greenland. The deposit is expected to have access to key transportation outlets as the area features year-round direct shipping access via deep water fjords that lead directly to the North Atlantic Ocean.
Another key asset is the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure and is expected to be the next major producer of key lithium products to support the European market. Wolfsberg is well positioned with offtake and downstream partners to become a unique and valuable asset in an expanding geostrategic critical metals portfolio. With this strategic asset portfolio, Critical Metals Corp is positioned to become a reliable and sustainable supplier of critical minerals essential for defense applications, the clean energy transition, and next-generation technologies in the western world.
For more information, please visit https://www.criticalmetalscorp.com/.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements may include expectations of our business and the plans and objectives of management for future operations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “designed to” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors discussed under the “Risk Factors” section in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. These forward-looking statements are based on information available as of the date of this news release, and expectations, forecasts and assumptions as of that date, involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Critical Metals Corp.
Investor Relations: ir@criticalmetalscorp.com
Media: pr@criticalmetalscorp.com
