Critical Metals Corp. reported that the first assay results from its 2025 drilling program at the Tanbreez Rare‑Earth project in Greenland have been received. The data come from 13 drill holes, including 25‑D01 (24 m @ 0.48 % TREO+Y, 25.9 % HREO) and 25‑D02 (187 m @ 0.48 % TREO+Y, 25.0 % HREO), confirming consistent rare‑earth grades across the Fjord and Upper Fjord areas.
The assay results show total rare‑earth oxide (TREO+Y) grades ranging from 0.35 % to 0.77 %, with a heavy‑rare‑earth composition of roughly 25.7 %. The deposit also contains strategic metals such as gallium, hafnium, cerium, and yttrium, underscoring its value for high‑temperature magnets and defense applications.
These results will be incorporated into an updated mineral resource estimate and will support the next phase of mine‑planning studies, bringing the Tanbreez project closer to its 2027 mining start‑up and mid‑2028 first‑production target. The company’s guidance for the 2028 production target remains unchanged, but the new data strengthen the confidence in the projected resource size and grade.
Critical Metals is a pre‑revenue company that requires substantial capital to bring Tanbreez to production. The company estimates a $500 million capital expenditure for mining operations in Greenland and more than $1 billion for downstream processing, including a pilot plant that is expected to be operational by May 2026. The firm’s financial statements show ongoing operating losses, but the drilling results are viewed as a key step toward de‑risking the project and attracting future financing.
Investors reacted positively to the announcement, citing the strategic importance of Greenland’s rare‑earth resources and the high heavy‑rare‑earth content of Tanbreez. The market’s enthusiasm reflects the broader geopolitical push to secure critical mineral supply chains outside of China, as well as the company’s progress on pilot‑plant construction and offtake agreements.
Management emphasized that the consistent grades across multiple drill holes demonstrate the robustness of the deposit and reinforce the company’s long‑term strategy to become a leading supplier of high‑value rare‑earth elements. CEO Tony Sage highlighted the importance of the high HREE content for advanced technologies and expressed confidence that the new data will support the company’s resource expansion and future production plans.
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