CRML well-funded for European critical mineral roadmap

Critical Metals Corp now well-funded to advance ambitions of becoming a key player in western strategic minerals market
Tanbreez rare earth resource conversion and updated prefeasibility study expected by year’s end
Definitive feasibility study for lithium refinery in KSA also expected for the fully permitted Wolfsberg lithium project

Special Report: Cashed up and ready to roll, Critical Metals Corp is moving on pre-production activities for its cross-continental ambitions at Tanbreez and Wolfsberg.

Critical Metals Corp (NASDAQ:CRML) raised US$24.5m by way of private placement last week, set on developing both its Austrian Wolfsberg lithium project and the gigantic Tanbreez rare earth project which has quickly become a dual flagship.

European Lithium (ASX:EUR) holds close to a 70.4% stake in the company, and stands to benefit from CRML’s increasingly large position in the European critical metals space.

The company soon expects a maiden resource estimate SK-1300 report for the Tanbreez Rare Earth Project by the end of the second quarter ahead of an updated prefeasibility study in the fourth quarter of 2025.

And at the Wolfsberg Project, it expects to book in a definitive feasibility study for lithium hydroxide plant in Saudi Arabia and start drilling program for Zone 2 area, adjacent to the planned mining area for Wolfsberg.

CRML CEO and chairman Tony Sage, also executive chair of the ASX-listed EUR, said following the oversubscribed raise the company is poised to execute on its vision of becoming a leading western supplier of minerals essential for both energy and defence.

“With the funds raised, Critical Metals Corp is progressing our pre-production activities at both Tanbreez and Wolfsberg Projects,” Sage said.

“Looking ahead, we anticipate both US and European government grant support in coming months based on applications made and applications in progress.”

To advance those efforts, Sage said the company had retained world-class government affairs consultants and was actively looking to enhance the board with experienced directors who can navigate the US focus on mineral security.

“We look forward to achieving several significant milestones in the coming months, including our maiden SK-1300 resource estimate for Tanbreez and the commencement of Zone 2 drilling at Wolfsberg.”

Jolly Greenland giant

A conservative estimate has previously specified the Tanbreez rare earth resource to be a monster of over four billion tonnes.

While the glacial island’s rich mineral potential remains relatively untapped, the deposit came to the attention of observers when both US and Danish officials lobbied its developer to keep Tanbreez from the hands of Chinese-linked firms.

In Critical Metals Corp its private owner found a western buyer to sign a binding agreement for a controlling interest, with recent media on Donald Trump’s interest in acquiring Greenland as US territory only heightening the focus on the potential to develop Tanbreez and other major rare earth resources.

This article was developed in collaboration with European Lithium, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.