Critical Metals Corp announced on July 15, 2025, the commencement of a 2000-meter resource diamond drilling program at its Tanbreez Rare Earth Project in Greenland. A new drilling rig has been installed, which is expected to enable a significant increase in the size of the company's resource estimate.
This drilling campaign is designed to substantially boost the current Mineral Resource Estimate (MRE) and provide crucial data for the Bankable Feasibility Study (BFS). The successful completion of these studies is essential for paving the way for a final decision to mine at Tanbreez.
The company's full exploration and DFS study teams are currently on site, conducting detailed fieldwork. The data collected will be instrumental in finalizing the BFS and preparing comprehensive reports required by Greenland regulators and proposed financial partners, including the Export-Import Bank of the United States (EXIM), with final reports expected by Q4 2025.
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