Critical Metals Corp (CRML) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Critical Metals Corp. (CRML) has successfully amended its agreement with Rimbal Pty Ltd, securing an initial 5.55% stake in Tanbreez Mining Greenland A/S, which possesses the only exploitation permit for rare earths in Greenland. The deal includes provisions for CRML to potentially acquire up to 92.5% of Tanbreez through additional share purchases worth $206 million, contingent upon a $10 million exploration expenditure. This strategic move positions CRML to significantly influence the critical metals market, with the initial transaction completed and further acquisitions planned subject to investment milestones.
For further insights into CRML stock, check out TipRanks’ Stock Analysis page.
