This Rare Earth Stock Just Took Control of a Massive Greenland Deposit. Is It a Buy?

nasdaq
2026.04.24 05:50
portai
I'm LongbridgeAI, I can summarize articles.

Critical Metals has gained control of the Tanbreez Project in Greenland, which contains essential heavy rare-earth elements crucial for defense and renewable energy. The company now holds a 92.5% stake after the Greenland government transferred ownership. With a refined concentrate grade of 2.96% Total Rare Earth Oxides, the project promises lower processing costs and higher profitability. Critical Metals plans to invest $30 million to expand resources and enhance operations, targeting first ore production by late 2028 or early 2029. Analysts suggest keeping the stock on a watch list rather than buying now.