New York, Jan 20, 2026, 05:05 EST — Premarket
Shares of Critical Metals Corp jumped nearly 10% in premarket action Tuesday, rebounding from a choppy period for the rare earths miner tied to Greenland. By 5:00 a.m. EST, the stock was hovering near $19.40, up from last Friday’s close of $17.65, data from Public.com show. 1
Timing is crucial. Markets are kicking off amid new political risks tied to Greenland. Investors are also gearing up for a company update later this week, which might clarify the timeline and funding outlook for its flagship project.
Greenland has re-emerged as a flashpoint in the growing tariff spat, with U.S. President Donald Trump warning he will slap extra tariffs on eight European nations unless the U.S. gets the green light to purchase the island. Trump announced 10% import tariffs starting Feb. 1, rising to 25% by June 1, according to Reuters. 2
New York-based Critical Metals is positioning its Tanbreez project in southern Greenland as a key piece in the Western rare earths supply chain—these metals are crucial for magnets in electric motors and certain defense tech. Last week, the company announced a non-binding term sheet with Saudi Arabia’s Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers to form a 50/50 joint venture. The plan: refine 25% of Tanbreez’s projected output in Saudi Arabia, then ship the material to the U.S. for further processing, according to Reuters. “We see a strong opportunity to work closely with partners in the United States,” said Tariq CEO Abdulmalik Tariq Al‑Qahtani in a statement. 3
Investors can mark their calendars for 8:00 a.m. ET on Thursday, Jan. 22, when management will hold a webcast and conference call to deliver a business update, the company announced. 4
Traders are keen for concrete updates on financing, permitting progress, and the order of tasks required to push Tanbreez from development to production. Details on how a Saudi processing plan could slot into the company’s wider offtake strategy will also draw close attention.
The risk is clear. The Saudi deal remains a term sheet, not a done deal, and project financing could delay or dilute shareholders if capital markets sour. On Jan. 14, a Form 144 revealed insiders planning to sell restricted stock, per the company’s filings page. 5
The stock’s early jump is happening during extended-hours trading, a time when liquidity thins and price swings often appear more volatile than during the regular session.
The next catalyst arrives with Thursday’s call — and any follow-up that reveals numbers, dates, or counterparties tied to the company’s processing and financing strategies. 4
