Critical Metals to acquire a 92.5% stake in the Tanbreez Project from Rimbal for $211m.

Critical Metals, a mining development company focused on critical metals and minerals, agreed to acquire a 92.5% stake in the Tanbreez Project, a critical minerals mine located in Greenland, from Rimbal, a non-metallic mineral service company, for $211m. “Tanbreez is a game-changing rare earth mine for the West, and is a key step towards positioning Critical Metals Corp as the preeminent critical minerals supplier with a diversified, multi-asset portfolio that spans multiple geographies. With Tanbreez expected to be under the Critical Metals Corp banner, we will have the ability to further support our commercial network in Europe while simultaneously being able to evaluate additional opportunities to tap into the upside potential of the North American market. Critical Metals Corp continues to capitalize on macro-economic tailwinds and government support which are accelerating the demand for critical minerals as we play an essential role in supporting the green energy transition,” Tony Sage, Critical Metals CEO and Chairman.