Critical Metals Corp - CRML STOCK NEWS

Critical Metals Corp (Nasdaq: CRML) has launched a diamond drilling program at the Tanbreez Greenland Rare Earth Mine. The program includes 14 holes totaling up to 2,200 meters and aims to evaluate resources and project lifespan. Expected to last 30 days, the drilling is conducted by 60 North Greenland and supervised by rare earth experts.

The Tanbreez project is seen as important for reducing Western dependence on China for critical materials in clean energy and defense applications. The program focuses on converting mineral resources from Inferred to Indicated status and increasing the throughput target from 0.5 to 3 million tonnes per annum. Critical Metals Corp plans to conduct a SK-1300 assessment and a comprehensive feasibility study.

Significant progress has been made, with 414 drill holes and over 366,000 assays already completed, providing extensive data on the deposit's geology and rare earth element distribution.

Critical Metals Corp (Nasdaq: CRML) has completed Stage 1 of its acquisition of the Tanbreez Greenland Rare Earth Mine, one of the world's largest rare earth deposits. The company issued 8.4 million shares to acquire a 36.45% stake in Tanbreez Mining Greenland A/S, increasing its total interest to 42%. This strategic move positions Critical Metals Corp as a potential key supplier of rare earth elements for technology and defense applications in the Western world.

The transaction includes contingent milestones, with an option to increase CRML's stake to 92.5% if it invests $10 million in exploration within two years. The Tanbreez resource is estimated at 4.7 billion tonnes, including 28.2 million tonnes of total rare earth oxides, with over 25% being heavy rare earth elements. The acquisition is subject to further governmental approvals and customary closing conditions.

Critical Metals Corp (Nasdaq: CRML) has signed a joint venture agreement with Obeikan Group to build and operate a lithium hydroxide processing plant in Saudi Arabia. The joint venture, named Arabian New Energy, will process spodumene concentrate from the Wolfsberg Lithium Project in Austria. The agreement includes a long-term supply deal with BMW for the processed lithium. European Lithium has assigned its interest in the joint venture to Critical Metals Corp. The new plant aims to meet initial capacity and product specifications and is part of the broader Vision 2030 initiative in Saudi Arabia. The project will be funded locally, and a Development Committee will oversee the plant's development.

Critical Metals Corp. (Nasdaq: CRML), a key player in mining critical metals and minerals, has announced its inclusion in the Russell 2000®, Russell 3000®, and Russell Microcap® indexes. Effective from July 1, 2024, this inclusion follows the annual reconstitution of the 2024 Russell indexes, capturing the 4,000 largest US stocks as of April 30th. CEO Tony Sage highlighted that this milestone enhances Critical Metals Corp's visibility, broadens its investor base, and better positions the company to create long-term shareholder value. The Russell indexes, used widely by investment managers and institutional investors, benchmark around $10.5 trillion in assets.

Critical Metals Corp. (Nasdaq: CRML) has completed an initial $5.0 million investment in Rimbal Pty for a 5.55% stake in Tanbreez, one of the largest rare earth deposits globally. This investment is part of their strategy to acquire Tanbreez and position themselves as a key supplier of rare earth elements for the technology and defense industries in the West. CEO Tony Sage highlighted the strategic importance of this acquisition in meeting the growing demand for these critical materials.

Critical Metals Corp (CRML) announced an investor webcast available on their website, discussing the company's history, vision, and strategic plans. The CEO, Tony Sage, highlights the significance of their recent Tanbreez acquisition, one of the largest known rare earth assets. The webcast covers the impact of this acquisition on the company's growth and provides an overview of other ongoing projects.

Critical Metals Corp. (Nasdaq: CRML) announced the signing of a binding heads of agreement to acquire a controlling interest in the Tanbreez Greenland Rare Earth Mine from Rimbal Pty

The Tanbreez Project, one of the world's largest rare earth deposits, is expected to supply over 27% heavy rare earth elements (HREE), offering a significant asset for North America and Europe.

This acquisition, valued at up to $211 million, positions Critical Metals Corp. as a key supplier of critical minerals in the western hemisphere, reducing reliance on China's rare earth supply. The project has a mining license granted by the Greenland Government and boasts a multiple-element resource estimated at 4.7 billion tons.

Critical Metals Corp. aims to support demand for next-gen commercial products and defense applications, leveraging macro-economic trends and government support for critical minerals essential to green energy transitions.

Critical Metals Corp (Nasdaq: CRML) has announced a $15 million pre-payment from BMW for battery-grade lithium hydroxide (LiOH) from the Wolfsberg Lithium Project in Austria. The funds have been transferred to ECM Lithium AT GmbH, a wholly owned subsidiary of Critical Metals Corp. This pre-payment is part of an offtake agreement aimed at supporting BMW's electric vehicle production in Europe, contributing to a sustainable and domestic battery supply chain. CEO Tony Sage highlighted that this transaction will bolster the company's balance sheet and aid in advancing its development strategy.

Critical Metals Corp. (Nasdaq: CRML) released an updated investor presentation on their website, highlighting their focus on critical metals and minerals for the green energy transition.