Critical Metals launches strategic review to speed up Tanbreez rare earth project

Critical Metals

Critical Metals

CRML

0.00

- Rare earth miner Critical Metals Corp CRML.O said on Wednesday it is reviewing options, including a spin-off, asset sales, joint ventures and partnerships, to focus on its Tanbreez project in Greenland.

The company said the review aims to redirect resources and capital towards accelerating the development of Tanbreez, its flagship project expected to supply high-demand rare earth elements to customers across the Western Hemisphere.

Critical Metals said the review may involve monetizing non-core, pending or newly acquired assets, though there is no assurance it will result in a transaction.

The company has hired Clear Street as financial advisor and White & Case LLP as legal advisor to evaluate its portfolio options.