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11 Jun

Critical Metals to acquire Greenland rare earths project

Critical Metals Corp (CRML) has inked an agreement to acquire a controlling stake in the Tanbreez rare earth project in Greenland, Kallanish reports. CRML, formed between European Lithium and Sizzle Acquisition, has signed a binding heads of agreement to acquire 92.5% of the project from Rimbal Pty. Ltd, for $211 million in CRML shares, valued at $10.71/share.  European Lithium, meanwhile, will retain its 7.5% ownership in the project, the companies sai…
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