Critical Metals jumps as Trump intensifies Greenland takeover push

Critical Metals

20/01/2026 13:42

Updates

** Shares of mining company Critical Metals CRML.O jump 9.4% to $19.3 premarket

** U.S. President Donald Trump over the weekend intensified his push to wrest sovereignty over Greenland from fellow NATO member Denmark

** CRML has a strategic presence in Greenland

** Separately, brokerage Clear Street raises PT on CRML to $20 from $14

** While recent rhetoric by the Trump Administration on Greenland and tariff considerations have increased attention on rare earth miners, "CRML’s stock price appreciation lately is due to company-specific progress for its mining plan at the Tanbreez project in Greenland," says Clear Street analyst Tim Moore

** Co said last week it may build a refinery with a Saudi Arabian partner to process rare earths from its planned Tanbreez mine in Greenland

** Reuters reported in October that Trump administration officials have discussed taking a stake in CRML

** As of last close, stock up more than 150% in January

 (Reporting by Shashwat Chauhan and Dharna Bafna in Bengaluru)

 ((Shashwat.Chauhan@thomsonreuters.com))