Critical Metals takes full ownership of Greenland's Tanbreez rare earth project
CRML•CRML•CRML•CRML•Critical Metals secured 100% ownership of Greenland’s Tanbreez project through its European Lithium acquisition, completed November 5, 2026. The company had approximately US$264.5 million in cash at completion and targets first ore for late 2028 to early 2029, subject to permitting, financing and construction progress.
Critical Metals secured 100% ownership of Greenland’s Tanbreez rare earth project through its European Lithium acquisition, completed November 5, 2026. It had approximately US$264.5 million in cash at completion to support the feasibility study, permitting and early works. The definitive feasibility study is targeted for Q4 2027, with mine construction financing a priority that year; first ore remains targeted for late 2028 to early 2029, subject to permitting, financing and construction progress.
A binding 15-year agreement with REalloys covers up to 15% of annual concentrate production. Other proposed offtake arrangements remain nonbinding.
