Mentioned:
Critical Metals wants to build a rare earth mine in southern Greenland. And now, they’ve just landed a major government approval.
What’s happening:
- Critical Metals (NASDAQ: CRML) has won Greenland government approval for their Tanbreez Mining and Closure Plan for their Tanbreez rare earth project
Why it matters:
- The new approval positions Critical Metals to only require one more set of operating permits before construction can begin at their Tanbreez project
Going deeper:
- Critical Metals will be allowed to extract nineteen different elements under the new approval, including heavy rare earths such as terbium, dysprosium and yttrium
- Critical Metals is currently advancing a 10,000 metre diamond drilling program at their Tanbreez project focused on mineralized zones which were identified through exploration and geological modelling
The intrigue:
- The United States, Denmark and Greenland just recently made major waves when they formed a new security agreement that would give the American government final approval on adversary countries making sensitive investments in Greenland
