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Critical Metals Corp. Closes Acquisition of Final 50.5% Interest in Tanbreez, Bringing Current Ownership to 92.5%
NEW YORK, April 30, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp.” or the “Company”), a leading critical minerals mining company, today announced the closing of the transfer of the remaining 50.5% interest in Tanbreez Mining Greenland A/S to Critical Metals Corp., bringing the Company’s total ownership to 92.5%. In connection with the closing, the Company issued 14,500,000 shares of its ordinary stock. With the transaction now closed, the Company will dire
About this update from European Lithium Ltd.
NEW YORK, April 30, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp.” or the “Company”), a leading critical minerals mining company, today announced the closing of the transfer of the remaining 50.5% interest in Tanbreez Mining Greenland A/S to Critical Metals Corp., bringing the Company’s total ownership to 92.5%. In connection with the closing, the Company issued 14,500,000 shares of its ordinary stock. With the transaction now closed, the Company will direct its full focus toward advancing Tanbreez to production. European Lithium Ltd (ASX: EUR) retains the remaining 7.5% interest. The Company has also announced a non-binding letter of intent to acquire European Lithium Ltd. (ASX: EUR), which, upon completion, would consolidate the remaining 7.5% interest and bring the Company’s total ownership of Tanbreez to 100%. There can be no guarantee that the Company will enter into a binding acquisition agreement European Lithium Ltd. on terms favorable to the Company or at all. Tanbreez, located in Southern Greenland, is one of the world’s largest known deposits of heavy rare earth elements, which are essential inputs for defense, clean energy, and advanced technology applications. Tony Sage, Chairman of Critical Metals Corp., commented: “Closing this transaction gives Critical Metals Corp. near-total control of one of the most significant rare earth deposits in the Western world. This is a major milestone for the company and Greenland. We are now fully focused on delivering Tanbreez to production and establishing a critical, Western-aligned supply chain for heavy rare earth elements.” ABOUT CRITICAL METALS CORP. Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals, and producing strategic products essential to electrification and next-generation technologies for Europe and its Western world partners. Its flagship Project, Tanbreez, is one of the world's largest, rare-earth deposits and is located in Southern Greenland. The deposit is expected to have access to key transportation outlets as the area features year-round direct shipping access via deep water fjords that lead directly to the North Atlantic Ocean. Another key asset is the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fu...
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