Critical Metals Corp. shares jumped 30% after Greenland approved transfer of the remaining 50.5% stake in Tanbreez Mining, raising ownership to 92.5%.
The company secured a $120 million EXIM Bank letter of intent and approved a $30 million acceleration program to fast‑track drilling and infrastructure.
First ore production targeted for late‑2028/early‑2029, concentrate export in Q3 2029; pilot plant starts May and 150‑tonne bulk sample planned for June.
Independent testing showed 40% grade improvement to 2.96% TREO, exceeding 2016 results, and off‑take partners will receive at least 10 tonnes each.