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Critical Metals Shares Surge 40% After Expanding Rare Earth Mining Position In Greenland
Critical Metals Shares Surge 40% After Expanding Rare Earth Mining Position In Greenland
Critical Metals Corp. shares have surged as much as 45% in trading today after the company significantly expanded its position in Greenland’s Tanbreez rare earth project, tightening its grip on a resource it sees as central to a US-friendly supply chain, according to Bloomberg.
It marks the biggest intraday gain in half a year and lifting the company’s valuation to roughly $1.7 billion.
According to documents reviewed by Bloomberg, the firm raised its ownership to 92.5% by purchasing the...
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