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Critical Metals Corp. (symbol: CRML) is a forward-thinking company focused on the exploration and development of lithium resources, a crucial element in the production of batteries and other technologies driving the renewable energy sector. Specializing in mineral exploration, Critical Metals Corp. operates predominantly in the lithium exploration segment.
As a company committed to sustainability and innovation, Critical Metals Corp. has recently achieved a notable milestone by receiving a $15 million pre-payment from BMW. This significant investment underscores the strategic partnerships and the company's potential in the global market for lithium supply.
The core business of Critical Metals Corp. revolves around identifying and developing high-quality lithium deposits. With a focus on environmentally responsible mining practices, the company aims to meet the rising demand for lithium driven by the electric vehicle (EV) market and other renewable energy technologies.
Financially, the company has demonstrated sound management and growth potential, supported by strategic partnerships and investments. For more detailed and updated information, stakeholders are encouraged to visit the Critical Metals Corp investor relations website, which provides comprehensive investor presentations and additional resources.
- Specializes in lithium exploration
- Recent $15 million pre-payment from BMW
- Focus on environmentally responsible practices
Critical Metals Corp (CRML) has announced significant developments at its Tanbreez Greenland Rare Earth Mine project. The company has discovered two new high-grade areas of rare earth materials and secured a cost-effective power supply through collaboration with Nukissiorfiit, Greenland's electric company. The project will focus on mining run of the mill ore at 1.7-1.9% ZrO2, producing concentrate at 10% ZrO2, 2.5% REO, 1.0% Nb2O5, and 0.15% Ta2O5 and HfO2. Three high-grade areas were examined: Horizon Zero, Area G, and EALS, with grades up to 5% ZrO2 and grain sizes reaching up to 3m in some areas. Operations will run approximately 8 months annually, with reduced activity during winter months.
Critical Metals Corp (Nasdaq: CRML) has provided an update on its Tanbreez Greenland Rare Earth Mine project. The company has been granted an extension for its Exploitation License from the Greenland government, with new deadlines set for submitting exploitation and closure plans, providing financial security, and commencing mineral exploitation.
Additionally, Critical Metals Corp has completed its diamond drilling program at the Tanbreez Project. Rare earth material samples extracted during the drilling have been sent to ALS laboratory in Ireland for analysis, with results expected over the next several months.
CEO Tony Sage emphasized the company's close collaboration with Greenland officials and the local community, highlighting the project's potential for creating local jobs. The Tanbreez Project is described as one of the world's largest rare earth assets, positioned to produce strategic materials essential for electrification and next-generation technologies in Europe and Western countries.
Critical Metals Corp (Nasdaq: CRML), a leading mining development company, has announced its participation in the Fastmarkets European Battery Raw Materials Conference 2024. The event will take place in Amsterdam, Netherlands, from September 16-18, 2024. CEO and Chairman Tony Sage will be a panelist in a discussion titled 'Will Europe Gain Self-Sufficiency in Lithium Refining?' scheduled for September 17 at 3:35pm CET/9:35am EDT.
Critical Metals Corp specializes in critical metals and minerals, producing strategic products essential for electrification and next-generation technologies for Europe and its Western partners. Investors can find more information about the company and upcoming conferences in the News & Events section of Critical Metals Corp's Investor Relations website.
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.
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