Critical Metals CEO Says Firm Won't Be A 'Political Football,' Calls Independent Greenland With Strong US Military Presence Ideal

Benzinga_recent_news01-22 20:16

Critical Metals Corp (NASDAQ:CRML) CEO Tony Sage stated that he is steering his company through political uncertainties in Greenland, where it operates its Tanbreez rare earths mine. Sage, in an ...

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He believes that the mine’s high concentration of rare earths, including heavy rare earths, could significantly reduce China’s control of the market within three years from “about 97% to 50%.”\nThe CEO stated that if the current political turmoil escalates, there could be delays in the project.\nSage said the ideal outcome would be an independent Greenland with a strong U.S. military presence, potentially decided through an independence referendum. The CEO called it “the best of both worlds.\"\nCritical Metals now owns 92.5% of Tanbreez, with preconstruction and pilot work underway, full construction is expected to start in 2027 and finish in 2028.\nThe company’s Tanbreez project has drawn attention as the U.S. has doubled down on securing rare earth supply chains critical for defense, transportation, and technology. Earlier this month, Critical Metals reported a strong assay results from its 2025 drilling campaign at the project. The company also announced a high-tech mobile lab to accelerate assay turnaround times in Greenland.\nMeanwhile, the political situation in Greenland has been tense, with the U.S. and the EU vying for influence in the region. The U.S. has been making moves to strengthen its position in Greenland. President Donald Trump, on Wednesday, announced a framework for a deal with Denmark, which reportedly includes updates to the 1951 “Greenland Defense Agreement” but recognizes Denmark’s authority over Greenland.\nBenzinga's Edge Rankings place Critical Metals in the 98th percentile for momentum. Benzinga’s screener allows you to compare the stock’s performance with its peers.  \nPrice Action: Over the past year, Critical Metals stock surged 101.98%, as per data from Benzinga Pro.  It is trading 5.5% higher in the Thursday pre-market session, reversing its 11.07% decline on Wednesday. \nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605495749","isCrawlerRequest":true}