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17.04.26 - 20:45
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Critical Metals Shares Surge 40% After Expanding Rare Earth Mining Position In Greenland (ZeroHedge)
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Critical Metals Shares Surge 40% After Expanding Rare Earth Mining Position In Greenland
Critical Metals Corp. shares have surged as much as 45% in trading today after the company significantly expanded its position in Greenland's Tanbreez rare earth project, tightening its grip on a resource it sees as central to a US-friendly supply chain, according to Bloomberg.
It marks the biggest intraday gain in half a year and lifting the company's valuation to roughly $1.7 billion.
According to documents reviewed by Bloomberg, the firm raised its ownership to 92.5% by purchasing the remaining 50.5% stake it previously didn't control from Rimbal Pty Ltd. The company confirmed the transaction in a statement released Friday.
With this deal, Critical Metals now holds a dominant share of Tanbreez, a deposit rich in rare earth elements such as terbium and dysprosium—materials essential for electronics and defense systems. The company describes Tanbreez as one of the largest known rare earth resources g...
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21.01.26 - 20:13
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Gold Surges As Trump Hardens Stance On Greenland (AFX)
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WASHINGTON (dpa-AFX) - Extending the momentum from yesterday, gold prices soared to new highs on Wednesday as U.S. President Donald Trump stood firm on taking control of Greenland, intensifying th......
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