In after-hours trading last Friday, shares of Critical Metals Corp. (NASDAQ: CRML) continued their upward trend, closing at $2.28, up 5.49%. This came after the regular session saw a remarkable 40.26% increase, closing the day at $2.16. Investor excitement may be linked to recent developments in the company’s flagship Tanbreez Project in Southern Greenland, even though no immediate news was given at the time of the surge.
Promising Economic Outlook from Tanbreez PEA
Critical Metals Corp. has completed an independent Preliminary Economic Assessment (PEA) for the Tanbreez Project, one of the world’s largest rare earth deposits. The report highlights an early Mineral Resource Estimate of 44.97 million metric tons, or around 1% of the 4.7 billion metric tons of host rock, suggesting a significant amount of untapped potential. The analysis estimates that the project has an Internal Rate of Return (IRR) of 180% and a Net Present Value (NPV) of US$3 billion.
An Important Resource in the Worldwide Supply Chain
The Tanbreez Project, situated along Greenland’s coast with deep-water fjord access, benefits from a mining license valid through 2050 and a notably low environmental footprint. Rare earth oxide (REO) production is expected to start at 85,000 tons per year (tpa) and scale modularly to 425,000 tpa.
Plans include for hydrometallurgical refinement in the US or the EU, as well as dry beneficiation on the site. With only 3% waste and two saleable byproducts, Tanbreez is positioned as a key Western-aligned source of heavy rare earth elements (HREEs), aligning closely with U.S. and EU critical materials strategies.
Path Forward and Expansion Potential
Critical Metals Corp currently holds a 42% stake in the Tanbreez Project and aims to invest $10 million in further exploration by the end of 2025. After it is finished, CRML will be able to issue shares worth $116 million to raise its shareholding to 92.5%.
By the end of 2025, Critical Metals Corp. (CRML) anticipates a conclusive feasibility study that might unlock further value. The Tanbreez Project is well-positioned to establish itself as a key component of Western supply chains for defense and next-generation technologies due to the robust regulatory support and worldwide demand for rare earths.
