Critical Metals Corp Stock Rallies as $835 Million European Lithium Deal Targets Full Greenland Rare Earth Control
Critical Metals Corp. agreed to buy European Lithium Ltd. for about $835 million, seeking full control of Greenland’s Tanbreez rare earth project. The deal would give Critical Metals all of Tanbreez, one of the world’s largest rare earth deposits, and add $219 million in cash. Shares of Critical Metals jumped to $13.85 in late Nasdaq trading. The move comes as the U.S. and EU deepen cooperation on critical minerals.