Key Highlights

Critical Metals (CRML) shares surged 30% following Greenland’s approval of a 50.5% stake transfer in Tanbreez Mining, increasing total ownership to 92.5%.
The Tanbreez site contains eight critical heavy rare earth elements essential for defense systems, renewable energy, and high-tech applications.
Texas Capital launched coverage with a Buy rating and $20 price target, representing 126% potential upside.
The company secured a $120M EXIM Bank letter of intent and is executing a $30M acceleration initiative.
Initial ore production is slated for late 2028 through early 2029, with concentrate shipments expected to commence in Q3 2029.

Shares of Critical Metals Corp. (CRML) surged 30% during Friday’s trading session following official approval from Greenland’s government to transfer the remaining 50.5% ownership interest in Tanbreez Mining Greenland A/S to the company.

Critical Metals Corp., CRML

With this regulatory clearance, Critical Metals now controls 92.5% of the Tanbreez project. European Lithium Ltd (EUR) maintains the remaining 7.5% interest in the project while holding a 37.5% equity position in Critical Metals.

Located in Southern Greenland, the Tanbreez deposit hosts eight strategic heavy rare earth elements critical to defense infrastructure, renewable energy technologies, and advanced manufacturing sectors.

The project benefits from a significant logistical advantage: unrestricted year-round shipping capabilities via deep water fjord access to the North Atlantic Ocean. Additionally, a new international airport situated just 12 km from the site is anticipated to streamline personnel and equipment transport.

Financial Backing and Development Timeline Established

Critical Metals has secured a $120 million letter of intent from EXIM Bank earmarked for project development and financing requirements. The company has also greenlit a $30 million acceleration initiative designed to expedite drilling operations, infrastructure buildout, engineering studies, and metallurgical testing.

Pilot plant operations are scheduled to launch in May. A 150-tonne bulk sample program is on track for June.

The development roadmap targets initial ore production during the late 2028 to early 2029 timeframe. Export of concentrate material is planned to start in Q3 2029.

This past March, independent analysis conducted at Fremantle Metallurgy demonstrated a 40% enhancement in refined concentrate quality, achieving 2.96% TREO. This outcome surpassed the previous benchmark established in 2016.

Critical Metals is actively engaged in negotiations with supply chain participants across the United States, Europe, and Saudi Arabia. Each prospective offtake partner is anticipated to receive no less than 10 tonnes of premium-grade pre-production eudialyte concentrate.

Texas Capital Launches Coverage With 126% Upside Projection

Friday’s momentum wasn’t limited to the Greenland announcement. Texas Capital simultaneously initiated research coverage on CRML with a Buy rating and a $20 price objective.

This target price suggests 126% appreciation potential from current trading levels — a projection that quickly captured market attention.

Texas Capital characterized the Tanbreez asset as a potentially critical component of Western rare earth supply infrastructure. The investment firm highlighted “attractive long-term scale, robust resource quality, and a strategic geographic position serving both US and European markets.”

Having now obtained complete operational control, Critical Metals possesses a more direct pathway toward implementing its development schedule. Texas Capital’s coverage initiation provides institutional credibility to the investment thesis on the same day ownership consolidation was finalized.

The post Critical Metals (CRML) Stock Soars 30% as Greenland Approves Tanbreez Ownership Transfer appeared first on Blockonomi.

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Filed under: Bitcoin - @ April 17, 2026 2:23 pm