Critical Metals Corp Stock Price, News & Analysis

Critical Metals Corp (Nasdaq: CRML) has received a significant decree from the State of Carinthia, Austria, confirming that no Environmental Impact Assessment (EIA) is required for its Wolfsberg Lithium Project. The decision follows an intensive examination by multiple expert departments, including forestry, nature conservation, geology, and water management. The project, which involves underground mining with surface facilities covering less than 10 hectares, is now positioned for a fast-track approval process. This milestone is important for establishing a European battery supply chain for electromobility. The company's next steps include securing financing and obtaining approval for plant and mining operations.

Critical Metals Corp (CRML) has announced significant findings from its drilling program at the Tanbreez Greenland Rare Earth Mine. The company discovered one of the world's highest concentrations of Gallium at 147 ppm Ga2O3 in Area G, along with four high-grade zones: Unit Zero, Base of the Kakortokite, EALS, and Area G. The EALS horizon showed grades exceeding 5% ZrO2 and more than 2% REO, with heavy rare earths reaching up to 40.8%. The Tanbreez Project, licensed for 500,000 metric tons per year, represents a strategic asset for producing critical metals essential for electrification and defense applications in the western world.

Critical Metals Corp (Nasdaq: CRML) provided updates on its Wolfsberg Lithium Project in Austria and its joint venture with Obeikan Group, Arabian New Energy Corp. The 50/50 JV has appointed Hatch to design a lithium hydroxide processing plant in Saudi Arabia, targeting production of 20,000 metric tons of battery-grade lithium hydroxide. The company secured drilling approval for Zone 2, expanding the project's potential beyond existing agreements. DRA Projects is updating the financial model from the 2023 DFS, with completion expected in Q1 2025. The company continues advancing project financing discussions for the Wolfsberg mine while exploring additional off-take partnerships.

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.