Critical Metals Corp Stock Rallies as $835 Million European Lithium Deal Targets Full Greenland Rare Earth Control
Critical Metals Corp. has struck a deal to acquire European Lithium Ltd. for roughly $835 million, looking to secure complete control over the Tanbreez rare earth project in Greenland. Tanbreez ranks among the world’s largest rare earth deposits; European Lithium currently holds the last 7.5% that Critical Metals doesn’t yet own. Timing is crucial here. On Friday, the United States and the European Union ramped up their work together on critical minerals—those essential raw materials flagged as key to economic security and vulnerable to supply shocks—as Western officials look for ways to reduce China’s dominance over metals vital for advanced manufacturing and defense.
