Critical Metals Corp. (CRML) is on track for its second consecutive week of gains. CEO Tony Sage expects the Tanbreez project in Greenland to begin supplying customers by 2029. This timeline depends on the completion of necessary processing facilities.
The project aims to diversify the global rare earth supply chain away from Chinese dominance. Critical Metals is collaborating with partners in Romania and Saudi Arabia to build processing capacity.
The site will also produce hafnium, a nuclear energy byproduct currently controlled by China. The company launched a large-scale drilling campaign at Tanbreez on Wednesday to expand resources.