Stock Track | Critical Metals Soars 9.99% in Pre-Market on U.S. Greenland Acquisition Speculation

Stock Track01-07

CRITICAL METALS CORPORATION (CRML) surged 9.99% in pre-market trading on Wednesday, extending its recent rally amid growing speculation that the U.S. may acquire Greenland, where the company's Tanbreez rare earths project is located.

The speculation stems from reports that the Trump administration is considering purchasing the resource-rich island from Denmark. A U.S. takeover of Greenland would significantly benefit CRML, as it aligns with Washington's efforts to secure critical mineral supplies outside China. The company has stated it expects to finalize offtake agreements for Tanbreez by early 2026 and is open to U.S. investment.

Rare earths are vital for industries ranging from electronics to defense, and CRML is central to U.S. plans to build a rare earths supply chain. The market is betting on the company's strategic importance amid escalating global competition for critical minerals.

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