New York, Jan 7, 2026, 05:18 EST — Premarket
- Critical Metals was up about 9% premarket after a 26% jump in the prior session.
- Traders pointed to renewed U.S. talk of acquiring Greenland, where the company is developing its Tanbreez rare-earths project.
- Investors are watching U.S. jobs data on Friday and any fresh signals from Washington on Greenland.
Critical Metals Corp shares were up 9.2% in premarket trading on Wednesday at $12.90, after closing up 25.6% in the prior session, as renewed U.S. rhetoric over acquiring Greenland stirred fresh interest in rare-earth names.
The move matters because Critical Metals’ flagship Tanbreez project sits in southern Greenland, and rare earths — a group of metals used in magnets for electric motors, electronics and defence systems — have become a strategic focus as the U.S. tries to diversify supply chains away from China.
It also lands as political risk returns to the Arctic. The White House said President Donald Trump was discussing options to acquire Greenland, including the possible use of the U.S. military, even as Greenland and Denmark have rejected any takeover.
Investors in small, project-stage miners often trade headlines that hint at funding, permitting and offtake — long-term contracts to sell future output — rather than near-term earnings. CEO Tony Sage told Reuters last week the company expects to finalise the remaining 25% of Tanbreez offtake agreements by early 2026 and would be open to a Washington investment: “Would welcome it, even though we didn’t ask for it,” he said. Reuters
The stock on Tuesday traded between $9.82 and $12.00, putting the $12 level back in view for short-term traders, after a steep run over the past year that has left the shares well below their 52-week high but far above their lows.
A U.S. peer, MP Materials, was last indicated around $59.82, up about 2% from its prior close, as investors rotated into parts of the critical-minerals space amid the Greenland headlines.
But the rally carries clear risks. Any shift in Greenland’s status remains highly uncertain, and the White House’s comments have already drawn pushback in Europe; a sharper diplomatic response — or a cooling of U.S. rhetoric — could drain the momentum that has driven the stock in recent sessions.
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