Greenland Government Approves Transfer of Final 50.5% of Tanbreez, Taking Critical Metals Corp. to 92.5% Ownership

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NEW YORK, April 17, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp.” or the “Company”), a leading critical mineral mining company, today announced that the Government of Greenland has approved the transfer of the remaining 50.5% interest in the Tanbreez Mining Greenland A/S to Critical Metals Corp., bringing the Company’s total ownership to 92.5%, bringing the Company's total ownership to 92.5% and solidifying its position as the controlling stakeholder in one of the world's largest rare earth deposits. Highlights Post-Transfer Ownership Structure of Tanbreez Overview The Government of Greenland’s approval of this transfer represents the most significant ownership milestone in the history of the Tanbreez project. With 92.5% of the project now vested in Critical Metals Corp., the Company has full operational and strategic authority over what is widely regarded as one of the most important undeveloped rare earth resources in the Western world. The remaining 7.5% is retained by EUR. Tanbreez is situated in Southern Greenland and is endowed with all eight critical heavy rare earth elements (HREEs) required for defence, clean energy, and advanced technology applications. Its location provides year-round direct shipping access via deep water fjords to the North Atlantic Ocean, offering a significant logistical advantage over many competing projects. This government approval removes one of the final structural barriers to the project’s development and substantially de-risks CRML’s path to production. The transfer approval comes at a critical inflection point for the global critical minerals sector. Western governments and industry are urgently seeking secure, non-Chinese sources of rare earth supply. With near-total ownership of Tanbreez now secured, CRML is uniquely positioned to become a cornerstone supplier of HREEs to the United States, Europe, and allied nations. Tony Sage, Chairman of CRML, commented: "This is a game-changing moment for Critical Metals Corp. and for Western rare earth supply security. Securing 92.5% ownership of Tanbreez — with the full support and approval of the Greenlandic Government — removes the most significant structural overhang on the project and provides the clarity to advance Tanbreez to production with confidence.” “We are now progressing with momentum, supported by advancing t...

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