Critical Metals Corp. to Acquire Tanbreez Greenland Rare Earth Mine, Transaction Valued at up to $211M
Portfolio Pulse from Benzinga Newsdesk
Critical Metals Corp. (NASDAQ:CRML) has signed a binding heads of agreement to acquire a controlling interest in the Tanbreez Greenland Rare Earth Mine from Rimbal Pty Ltd. The transaction is valued at up to $211 million and positions Critical Metals Corp. as a key supplier of rare earth elements for the western world.
June 10, 2024 | 11:07 am
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Critical Metals Corp. (NASDAQ:CRML) has signed a binding heads of agreement to acquire a controlling interest in the Tanbreez Greenland Rare Earth Mine from Rimbal Pty Ltd. The transaction, valued at up to $211 million, positions the company as a key supplier of rare earth elements for the western world.
The acquisition of the Tanbreez Greenland Rare Earth Mine is a significant strategic move for Critical Metals Corp., enhancing its portfolio and positioning it as a key supplier of rare earth elements. This is likely to positively impact the stock price in the short term.
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