---
title: "Critical Metals Stock Climbs After Business Update: Here's Why"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273413707.md"
description: "Critical Metals Corp. (NASDAQ:CRML) shares surged 21% following a business update call, driven by easing geopolitical tensions in Greenland and significant corporate developments. The company announced four non-binding term sheets for the offtake of its rare earth concentrates, covering 100% of the Tanbreez project's production. Additionally, a $1.5 billion joint venture with a Saudi conglomerate aims to create a processing facility for U.S. military needs. Analysts raised CRML's price target to $20, highlighting its potential for a supply chain independent of China."
datetime: "2026-01-22T18:43:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273413707.md)
  - [en](https://longbridge.com/en/news/273413707.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273413707.md)
---

# Critical Metals Stock Climbs After Business Update: Here's Why

**Critical Metals Corp.** (NASDAQ:CRML) shares climbed on Thursday after the rare earths mining company provided a business update through a conference call with investors and analysts.

-   _CRML stock is climbing._ See the chart and price action here.

The stock was up approximately 21% in midday trading with the rally driven by a combination of geopolitical developments and internal corporate updates.

The most significant update was Critical Metals disclosure of four non-binding term sheets for the offtake of its rare earth concentrates, allocating 100% of the Tanbreez project's planned production.

## Business Update Webcast

Critical Metals held a business update webcast at 8:00 a.m. ET Thursday. During the call, management provided clarity on the development of the Tanbreez project and its role in the U.S. defense supply chain.

-   **Milestones:** The company recently green-lit construction for a pilot plant in Greenland, with operations expected to begin by May 2026.
-   **Offtake Agreements:** Critical Metals disclosed it has now entered into four non-binding term sheets for the offtake of its rare-earth concentrates, allocating 100% of its planned production.

## Saudi Joint Venture & Analyst Upgrades

Market momentum has also been building from a recent announcement of a $1.5 billion joint venture with a Saudi Arabian industrial conglomerate.

-   **Refining Capacity:** This JV will create a processing facility in Saudi Arabia to refine Tanbreez minerals specifically for the U.S. military-industrial sector.
-   **Price Target Bump:** Following this news, analysts at Clear Street recently raised their price target for CRML to $20.00, citing the company's ability to build a supply chain entirely independent of Chinese influence.

## The Greenland Framework

Another catalyst for the jump is news from the Trump administration. President **Donald Trump** on Wednesday announced a “framework” deal regarding Greenland and said he would no longer impose the new European tariffs that were scheduled to begin on Feb. 1.

-   **Why it matters:** Critical Metals' flagship asset, the Tanbreez Project, is one of the world's largest rare-earth deposits and is located in Greenland.
-   **Strategic Value:** Speculation that the U.S. might acquire or gain significant strategic control over Greenland has turned Critical Metals stock into a proxy play for American mineral independence. The removal of tariff threats against Denmark has eased investor fears of trade friction that could have stalled the project.

**CRML Price Action:** Critical Metals' stock was up 21.63% at $18.52 at the time of publication Thursday, according to data from Benzinga Pro. 

_Photo: Shutterstock_

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