Tanbreez Rare Earth Mining Project

approved

Critical Metals Corp has secured approval from the Greenland government to transfer the remaining 50.5% stake in the Tanbreez mining project, increasing its total ownership to 92.5%. Tanbreez is among the largest rare earth hard rock deposits globally, covering a 4.7-billion-tonne mineralized rock unit with an initial 45-million-tonne resource focused on early production. The project is strategically important for rare earth demand over the next 100 years and offers logistical advantages for year-round direct shipping. The company plans first ore production between late 2028 and early 2029, with concentrate export targeted for the third quarter of 2029. A metallurgical breakthrough improved refined concentrate grade by approximately 40% to 2.96% TREO, and a $30 million acceleration program has been launched to expand resource capacity and infrastructure. Strategic discussions are ongoing with supply chain partners in the US, Europe, and Saudi Arabia to meet global demand for non-Chinese rare earth resources.