Critical Metals Secures Greenland Rare Earth Deposit

Critical Metals secures massive rare earth deposit in Greenland, aiming to reduce Western reliance on Chinese dominance. The Tanbreez project boasts key heavy rare earth elements, with a promising 2.96% total rare earth oxide grade. The company plans to invest $30 million in drilling and infrastructure, aiming to increase the resource from 45 to 130 million tonnes. Backed by a $120 million letter of intent from the U.S. Export-Import Bank, the project targets first ore by late 2028 or early 2029. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1bfbda99f127e6cc