Critical Metals Corp Engages Global Engineering Firm NIRAS to Finalize DFS for Tanbreez in Greenland
Critical Metals Corp (NASDAQ: CRML) has appointed NIRAS A/S to complete the Definitive Feasibility Study (DFS) for its Tanbreez Rare Earth Project in Greenland. The study will evaluate a 500,000 metric tons per annum mining and processing operation at one of the world's largest rare earth deposits.
The company currently holds a controlling interest in the project with the right to increase ownership to 92.5% following a $10 million investment expected in 2025. The DFS, scheduled for completion in Q4 2025, will cover mine design, process plant engineering, logistics, cost estimates, and environmental assessments. NIRAS's Project Manager Anders Isak Stig-Jørgensen will represent the company in stakeholder engagements.
Critical Metals Corp (NASDAQ: CRML) ha incaricato NIRAS A/S di completare lo Studio di Fattibilità Definitivo (DFS) per il suo progetto Tanbreez di terre rare in Groenlandia. Lo studio valuterà un'operazione mineraria e di lavorazione con una capacità di 500.000 tonnellate metriche all'anno su uno dei più grandi giacimenti di terre rare al mondo.
La società detiene attualmente una quota di controllo nel progetto, con il diritto di aumentare la partecipazione fino al 92,5% a seguito di un investimento di 10 milioni di dollari previsto per il 2025. Il DFS, la cui conclusione è prevista per il quarto trimestre del 2025, comprenderà la progettazione della miniera, l'ingegneria dell'impianto di processo, la logistica, le stime dei costi e le valutazioni ambientali. Anders Isak Stig-Jørgensen, Project Manager di NIRAS, rappresenterà l'azienda nelle relazioni con gli stakeholder.
Critical Metals Corp (NASDAQ: CRML) ha designado a NIRAS A/S para completar el Estudio de Factibilidad Definitivo (DFS) de su Proyecto de Tierras Raras Tanbreez en Groenlandia. El estudio evaluará una operación minera y de procesamiento de 500,000 toneladas métricas anuales en uno de los depósitos de tierras raras más grandes del mundo.
La empresa actualmente posee una participación mayoritaria en el proyecto con el derecho de aumentar su propiedad al 92.5% tras una inversión de 10 millones de dólares prevista para 2025. El DFS, programado para completarse en el cuarto trimestre de 2025, cubrirá el diseño de la mina, la ingeniería de la planta de procesos, la logística, las estimaciones de costos y las evaluaciones ambientales. Anders Isak Stig-Jørgensen, gerente de proyecto de NIRAS, representará a la empresa en las interacciones con las partes interesadas.
Critical Metals Corp (NASDAQ: CRML)는 그린란드에 위치한 Tanbreez 희토류 프로젝트에 대한 확정 타당성 조사(DFS)를 완료하기 위해 NIRAS A/S를 선정했습니다. 이 연구는 세계에서 가장 큰 희토류 매장지 중 하나에서 연간 500,000 미터톤의 채굴 및 처리 작업을 평가할 예정입니다.
회사는 현재 프로젝트에 대한 지배 지분을 보유하고 있으며, 2025년에 예상되는 1,000만 달러 투자 후 소유 지분을 92.5%까지 늘릴 권리가 있습니다. DFS는 2025년 4분기 완료를 목표로 하며, 광산 설계, 공정 플랜트 엔지니어링, 물류, 비용 추정 및 환경 평가를 포함합니다. NIRAS의 프로젝트 매니저 Anders Isak Stig-Jørgensen이 이해관계자와의 협의에서 회사를 대표할 예정입니다.
Critical Metals Corp (NASDAQ : CRML) a mandaté NIRAS A/S pour réaliser l'étude de faisabilité définitive (DFS) de son projet Tanbreez de terres rares au Groenland. L'étude évaluera une opération d'extraction et de traitement de 500 000 tonnes métriques par an sur l'un des plus grands gisements de terres rares au monde.
L'entreprise détient actuellement une participation majoritaire dans le projet avec le droit d'augmenter sa part à 92,5% après un investissement de 10 millions de dollars prévu en 2025. La DFS, dont l'achèvement est prévu pour le quatrième trimestre 2025, couvrira la conception de la mine, l'ingénierie de l'usine de traitement, la logistique, les estimations des coûts et les évaluations environnementales. Anders Isak Stig-Jørgensen, chef de projet chez NIRAS, représentera la société lors des échanges avec les parties prenantes.
Critical Metals Corp (NASDAQ: CRML) hat NIRAS A/S mit der Durchführung der endgültigen Machbarkeitsstudie (DFS) für sein Tanbreez Seltene-Erden-Projekt in Grönland beauftragt. Die Studie wird einen Bergbau- und Verarbeitungsbetrieb mit einer Kapazität von 500.000 metrischen Tonnen pro Jahr an einem der weltweit größten Seltene-Erden-Lagerstätten bewerten.
Das Unternehmen hält derzeit eine Mehrheitsbeteiligung an dem Projekt mit dem Recht, den Anteil nach einer geplanten Investition von 10 Millionen US-Dollar im Jahr 2025 auf 92,5% zu erhöhen. Die DFS, deren Abschluss für das 4. Quartal 2025 geplant ist, wird den Bergwerksentwurf, die Prozessanlagenplanung, Logistik, Kostenschätzungen und Umweltbewertungen umfassen. Anders Isak Stig-Jørgensen, Projektleiter bei NIRAS, wird das Unternehmen in den Gesprächen mit den Stakeholdern vertreten.
- Right to increase project ownership to 92.5% with $10M investment
- Project scope of 500,000 metric tons per annum production capacity
- Property is one of world's largest rare earth deposits
- Engagement of globally recognized engineering firm NIRAS enhances project credibility
- DFS completion not expected until Q4 2025
- Additional regulatory approvals required before commercial mining can begin
- $10M investment still needed to increase ownership stake
Insights
Critical Metals advances Tanbreez rare earth project with NIRAS engagement to complete Definitive Feasibility Study, moving toward potential production in 2026.
Critical Metals Corp has taken a significant step forward by engaging NIRAS A/S to complete the Definitive Feasibility Study (DFS) for its Tanbreez Rare Earth Project in Greenland. This engagement represents a crucial milestone in moving this strategic asset from development toward potential production.
The scope of the DFS is comprehensive, covering all essential aspects required for mine commercialization: final mine design, process engineering, logistics planning, and detailed financial modeling. The study will form the backbone of regulatory submissions to Greenland's authorities, effectively serving as the technical foundation for obtaining final approvals to begin commercial operations.
What makes this particularly notable is the 500,000 metric tons per annum production target, indicating substantial scale for this operation. The Tanbreez deposit is positioned as one of the world's largest rare earth deposits - significant given the critical importance of rare earth elements in technologies ranging from electric vehicles to defense systems.
The expected completion in Q4 2025 establishes a clear timeline for investors, with potential construction and initial production likely following in 2026, assuming regulatory approvals proceed as planned. Critical Metals' current controlling interest in the project, with rights to increase ownership to 92.5% following a $10 million investment, demonstrates the company's substantial commitment to and confidence in Tanbreez's potential.
The appointment of a Greenland-focused consultant to represent the company in regulatory and stakeholder interactions shows foresight regarding the importance of navigating local requirements and relationships - often a determining factor in mining project advancement in sensitive jurisdictions like Greenland.
NEW YORK, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp (NASDAQ: CRML) (“the Company”), a leading critical minerals mining company, is pleased to announce that Tanbreez Mining Greenland A/S (“Tanbreez”), has appointed NIRAS A/S (“NIRAS”), a globally leading multidisciplinary engineering and environmental consultancy based in Denmark, to complete the Definitive Feasibility Study (“DFS”) for a 500,000 metric tons per annum (Mtpa) mining and processing operation at the Tanbreez Rare Earth Project, one of the world’s largest rare earth deposits located in southern Greenland.
Currently, Critical Metals Corp owns a controlling interest in the Tanbreez Project, which is operated by Tanbreez Mining Greenland A/S. The Company has the right to increase its ownership to
“Engaging NIRAS is a key development advancing our efforts to commercialize our world-class Tanbreez project, as the DFS is an essential technical report that positions the mine for future production,” said Tony Sage, CEO and Chairman of Critical Metals Corp. “We look forward to partnering with NIRAS, a well-respected firm both in Greenland and globally, to help us unlock enormous value at Tanbreez.”
Scope of the DFS and Regulatory Context
The Feasibility Study will address all technical, environmental, and commercial aspects of the Tanbreez project, including:
- Final Mine Design & Production Scheduling for Bulk Mining of Stratabound Kakortokite-Hosted Mineralization
- Process Plant Engineering for the Production of Feldspar, Arfvedsonite and Eudialyte Concentrates
- Material Handling, Logistics & Export Options via the Fjord System
- Capital & Operating Cost Estimates
- Environmental & Social Impact Assessment (ESIA) Integration
- Updated Financial Modelling and Sensitivity Analysis
- Project Implementation & Construction Planning
Once completed, which is expected in the fourth quarter of 2025, the DFS will form the central component of the Tanbreez updated Exploitation License documentation, to be submitted to the Mineral License and Safety Authority (MLSA) of Greenland, in accordance with the Greenlandic Mineral Resources Act and the specific terms of the granted exploitation license MIN 2020-54.
This submission will support the progression of the project towards final approval to commence commercial mining operations.
Representation and Stakeholder Engagement
As part of this engagement, Mr Anders Isak Stig-Jørgensen, Project Manager at NIRAS and an experienced Greenland-focused consultant, has been nominated by Tanbreez to represent the Company in formal interactions with the MLSA, local municipal authorities, and relevant stakeholders in Greenland. Anders’ prior involvement in permitting processes and local stakeholder engagement is expected to facilitate a constructive and transparent review of the DFS and associated documentation.
About NIRAS
With nearly 70 years of experience, NIRAS has grown from a Danish consultancy into an international leader in sustainable progress. Founded by visionary engineers Jørgen Kristian Nielsen and Konrad Rauschenberger in 1956, NIRAS’s early projects in Greenland laid the foundation for their expertise in resilient and innovative solutions. Their decentralized structure fosters local expertise, adaptability and collaboration across borders and disciplines, ensuring sustainable value creation for their clients and the communities they serve.
As a multidisciplinary consultancy company with more than 3,000 employees located in 62 offices across Europe, Africa, Asia, North- and South America, NIRAS work within multiple areas from processing plants and construction over energy, water, environment, and infrastructure to third world aid and urban planning. NIRAS have 8,000 ongoing projects in more than 140 countries and their trademark is the crosscutting approach, always grounded and tailored to achieve the best outcomes for their clients and communities.
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/.
FORWARD LOOKING STATEMENTS
Certain statements made in this release are forward-looking statements and are based on the Company’s current expectations, estimates and projections. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “guidance” and similar expressions are intended to identify forward-looking statements. Although the Company believes the forward-looking statements are based on reasonable assumptions, they are subject to certain risks and uncertainties, some of which are beyond Company’s control, including those risks or uncertainties inherent in the process of both developing and commercializing mining projects. As a result, actual results could materially differ from those expressed or forecasted in the forward-looking statements. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority.
Critical Metals Corp.
Investor Relations: ir@criticalmetalscorp.com
Media: pr@criticalmetalscorp.com
FAQ
What is the production capacity planned for Critical Metals' (CRML) Tanbreez Project?
When will Critical Metals (CRML) complete the Definitive Feasibility Study for Tanbreez?
What ownership stake can Critical Metals (CRML) achieve in the Tanbreez Project?
Who will conduct the Definitive Feasibility Study for Critical Metals' (CRML) Tanbreez Project?
What products will be produced at Critical Metals' (CRML) Tanbreez Project?
