Stock Track | Critical Metals Soars 6.02% in Pre-Market on Rare-Earth Offtake Term Sheets

Stock Track01-22 17:05

Critical Metals Corporation's stock surged 6.02% in pre-market trading on Thursday, extending gains from the previous session.

The rally follows the company's announcement that it has entered four non-binding term sheets for the offtake of rare-earth concentrate extracted from its Tanbreez project in Greenland. These agreements signal potential future revenue streams for the company's key rare earth deposit.

Investor optimism is further buoyed by broader trends in the rare earth sector, where companies are positioned to benefit from geopolitical efforts to diversify supply chains away from Chinese dominance. The Tanbreez project is seen as a strategic asset in this context.

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