Critical Metals Corp Completes Stage 1 Of The Tanbreez Acquisition
Portfolio Pulse from Benzinga Newsdesk
Critical Metals Corp (NASDAQ:CRML) has completed Stage 1 of its acquisition of a controlling interest in the Tanbreez Greenland Rare Earth Mine. The company issued 8.4 million CRML shares to Rimbal Pty Ltd. in exchange for a 36.45% interest, increasing its total stake to 42%.
July 23, 2024 | 12:10 pm
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Critical Metals Corp has completed Stage 1 of its acquisition of a controlling interest in the Tanbreez Greenland Rare Earth Mine, issuing 8.4 million shares to Rimbal Pty Ltd. This increases its total stake in Tanbreez to 42%.
The completion of Stage 1 of the Tanbreez acquisition and the increase in stake to 42% is a significant milestone for Critical Metals Corp. This move is likely to be viewed positively by investors as it strengthens the company's position in the rare earth mining sector, which is crucial for next-generation technologies.
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