Stock Track | CRITICAL METALS CORPORATION Soars 15.99% in Pre-market on Approval of Pilot Plant Construction in Greenland

Stock Track

Jan 12

CRITICAL METALS CORPORATION (CRML) saw its shares surge 15.99% in pre-market trading on Monday, driven by the company's announcement of the approval to start construction for a multi-use storage and pilot plant facility in Qaqortoq, Greenland. This facility is a key component of the company's Tanbreez rare earth and critical metals project.

The pilot plant, scheduled to be ready by May 2026, will be built under a turnkey contract with 60° North Greenland, covering all aspects from design and permitting to construction and commissioning. The company has also established a local office in Qaqortoq, underscoring its long-term commitment to operations in Greenland. The new Arctic-grade facility will feature specialized areas for pilot-plant operations, storage, and administration, marking a significant step forward for the Tanbreez project.

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This facility is a key component of the company's Tanbreez rare earth and critical metals project.</p><p>The pilot plant, scheduled to be ready by May 2026, will be built under a turnkey contract with 60° North Greenland, covering all aspects from design and permitting to construction and commissioning. The company has also established a local office in Qaqortoq, underscoring its long-term commitment to operations in Greenland. 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