IN LONDON: The Greenland Government has approved the transfer of the remaining 50.5% interest in the Tanbreez Mining Project to Critical Metals Corp (NASDAQ:CRML).
As a result, Critical Metals now owns 92.5%, solidifying its position as the controlling stakeholder in one of the world’s largest rare earths deposits.
The remaining 7.5% interest is retained by European Lithium (ASX:EUR).
Chairman Tony Sage says this is “game-changing” for the company and for western rare earth supply security.
“Securing 92.5% ownership of Tanbreez – with the full support and approval of the Greenlandic Government – removes the most significant structural overhang on the project and provides the clarity to advance Tanbreez to production with confidence,” Sage says.
“We are now progressing with momentum, supported by advancing technical programs, strong metallurgical results, and engagement with our offtake partners. Tanbreez is no longer a future project – it is a project in development.”
In October 2025, Critical Metals amended the agreement to acquire full controlling interest in Tanbreez. The company had the right to increase its ownership from 42% to 92.5%, upon issuing 14.5 million shares to privately held Rimbal.
The Tanbreez Project is an advanced, permitted asset that will supply a diverse portfolio of high-demand rare earths once operational. The project has an estimate of 4.7 billion tonnes of rock containing total rare earth oxide-bearing mineralisation.
Critical Metals Corp is a developer focused on critical metals in Europe.
Write to Aaliyah Rogan at Mining.com.au
Images: Critical Metals Corp
