Critical Metals (CRML) Stock: Greenland Approves 92% Takeover of Tanbreez Rare Earths Project

TLDR

• Critical Metals Corp (CRML) has received Greenland Government approval to acquire the remaining 50.5% of Tanbreez Mining Greenland, lifting its stake to 92.5%
• European Lithium (EUR) retains a 7.5% stake in Tanbreez and holds 37.5% in CRML
• Tanbreez contains all eight essential heavy rare earth elements (HREEs) and has year-round deep-water shipping access
• CRML secured a $120M letter of intent from EXIM Bank and launched a $30M drilling and infrastructure programme
• Pilot plant operations are expected to begin in May 2026

Critical Metals Corp received approval from the Government of Greenland to acquire the remaining 50.5% interest in Tanbreez Mining Greenland. That brings CRML’s total ownership to 92.5%.

European Lithium (EUR), which rose 8.16% on the news, retains a 7.5% stake in Tanbreez and continues to hold 37.5% in CRML itself.

Critical Metals Corp., CRML

Tanbreez is located in southern Greenland and is considered one of the world’s largest rare earth deposits. It contains all eight essential heavy rare earth elements, including dysprosium and terbium, which are used in defence systems, clean energy, and advanced technologies.

The project has a logistical advantage that many rivals don’t — year-round deep-water fjord access to the North Atlantic, making shipping straightforward relative to other remote deposits.

Path to Production

The Greenland Government’s approval removes what CRML chairman Tony Sage called the “most significant structural overhang” on the project. In practical terms, it gives CRML operational control and a cleaner runway toward production.

The company had a metallurgical breakthrough in March 2026 that improved concentrate grades. It also acquired 60° North Greenland, a move designed to strengthen local operations.

CRML has expanded its advisory board and launched a $30M programme focused on drilling and infrastructure. A letter of intent worth $120M from EXIM Bank has been secured to back those plans.

Pilot plant operations are expected to start in May 2026.

European Lithium’s Role

European Lithium’s minority position keeps it in the picture without the operational weight. Its 7.5% stake in Tanbreez and 37.5% holding in CRML means it participates in upside while Critical Metals carries the development load.

EUR is ASX-listed and up 48.39% year-to-date, with an average daily trading volume of nearly 9 million units. Its technical sentiment is currently rated as a buy.

The updated ownership structure gives CRML and EUR joint operational control of the Tanbreez project going forward.

CRML plans to continue advancing Tanbreez through drilling, pilot operations, and updated economic assessments ahead of the May 2026 pilot plant launch.

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