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Tanbreez Rare Earth Project Development

Sector: Government • Location: Greenland

Source: The Manila Times

Project
Planned

Critical Metals Corp has secured a non-dilutive funding package of $120 million from the Export-Import Bank of the United States (EXIM) to develop the Tanbreez Project, one of the world's largest rare earth deposits located in Greenland. The funding will support completion of technical and economic studies, pre-production activities, and commencement of mining. The project requires a total capital

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The project “Tanbreez Rare Earth Project Development” is an infrastructure initiative in the Government sector, located in Greenland. Taiyo aggregates data on it from The Manila Times.

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Planned

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Description

Description

Critical Metals Corp has secured a non-dilutive funding package of $120 million from the Export-Import Bank of the United States (EXIM) to develop the Tanbreez Project, one of the world's largest rare earth deposits located in Greenland. The funding will support completion of technical and economic studies, pre-production activities, and commencement of mining. The project requires a total capital expenditure of $290 million to reach initial commercial production, with an expected annual production capacity of up to 85,000 metric tons of rare earth material.

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High

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