Critical Metals Corp. approves USD 30 million acceleration program for Tanbreez rare earth project in Greenland

Reuters03-10

Critical Metals Corp. approves USD 30 million acceleration program for Tanbreez rare earth project in Greenland

Critical Metals said its board approved a USD 30 million acceleration program to advance the Tanbreez heavy rare earth project in Greenland. The program includes a USD 12.5 million exploration and resource campaign in 2026 and up to 6,000 metres of drilling. The company is targeting first ore production in Q4 2028 or Q1 2029, with concentrate exports starting by Q3 2029. It also plans about USD 15 million in infrastructure acquisitions across Greenland and Australia. The company said it has a USD 120 million letter of intent with EXIM Bank to support development and financing initiatives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Critical Metals Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603100830PRIMZONEFULLFEED9669201) on March 10, 2026, and is solely responsible for the information contained therein.

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