Critical Metals stock slips despite $1.5B Saudi rare-earth JV term sheet as shareholder sale looms
Critical Metals shares fell 1.3% to $17.70 Thursday after announcing a $1.5 billion Saudi rare-earth processing joint venture. European Lithium, a 10% holder, filed to sell up to 5 million shares. The stock had surged 33% Wednesday on new Tanbreez drill results. Traders await further assay data and confirmation the Saudi term sheet will become binding.