Critical Metals launches strategic review to speed up Tanbreez rare earth project
Critical Metals launches strategic review to speed up Tanbreez rare earth project July 8 (Reuters) - 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.
(Reporting by Varun Sahay in Bengaluru; Editing by Leroy Leo)
Recent news on Critical Metals
See all newsBrief: Critical Metals Corp. Announces Share Scheme Transaction Ratio For Acquisition Of European Lithium
Greenland Mines shares extend rally as peers slip
Greenland Resources eyes US exchange listing after US-Denmark deal
U.S. STOCKS ON THE MOVE-Insmed, Marvell, Meta
US STOCKS ON THE MOVE-Meta, Marvell Technology, Insmed