New York, Jan 10, 2026, 13:24 EST — Market closed
- Critical Metals shares ended Friday up $1.51, or 11.2%, at $14.98
- Greenland politics and U.S. critical-minerals moves have kept rare-metals stocks in focus
- Traders next watch policy signals, Greenland developments and the Tanbreez project timeline
Critical Metals Corp (CRML.O) shares ended Friday up $1.51, or 11.2%, at $14.98, after trading between $13.71 and $16.26. Volume ran to about 30.3 million shares.
The move comes with Greenland back in the headlines and miners tied to the island seeing heavy attention. Greenland’s five main political parties said parliament would bring forward a meeting to discuss a response to U.S. threats to take control of the autonomous Danish territory. (Reuters)
Rare earths are a group of 17 metals used in magnets for electric motors, wind turbines and some defense systems. In a Reuters analysis on Friday, Nick Kounis, chief economist at ABN AMRO, said, “There’s not a market for buying and selling countries,” as U.S. officials continue to talk publicly about Greenland and its resources and Washington readies fresh talks with Denmark. (Reuters)
European Lithium, which holds about 44.982% of Critical Metals, said on Friday that the company had formally greenlit construction of a multi-use storage and pilot-plant facility in Qaqortoq, Greenland, under a turnkey design-build contract awarded to 60° North Greenland. European Lithium valued its stake at $714.4 million based on Critical Metals’ $13.47 closing price on Jan. 8. (Afr)
Critical Metals said earlier in the week that the turnkey contract covers engineering, permitting, logistics, construction and commissioning, and that the pilot-plant section — a small-scale setup used to test processing — is scheduled to be ready by May 2026. Chief Executive Tony Sage called the start of construction “a major step forward,” and the company said it bought a residential property in Qaqortoq to convert into a local office. (Nasdaq)
Other U.S.-listed rare-earth names finished higher on Friday, though with smaller moves. MP Materials closed up about 1.5% and USA Rare Earth gained roughly 3.3%, based on last prices.
The policy backdrop has also been shifting. The Trump administration and Congress are moving to overturn a Biden-era ban on mining and drilling in parts of northern Minnesota, Reuters reported, reviving a major U.S. copper-nickel project and keeping the “critical minerals” theme on traders’ screens. (Reuters)
But this trade can turn on a headline. Critical Metals still faces the usual hurdles for a development-stage miner — financing, permits and execution — and the stock’s wide daily range shows how quickly momentum can flip.
With U.S. markets shut for the weekend, Monday’s open will test whether buyers defend the $13.70 area near Friday’s low and whether the stock can reclaim $16.26, Friday’s high. A slide back through Thursday’s $13.47 close would take some heat out of the latest push.
The next near-term catalyst is Monday’s G7 finance-ministers meeting in Washington on critical minerals, which U.S. Treasury Secretary Scott Bessent said will include invited countries such as Australia and India. (Reuters)
