Critical Metals (CRML) Shares Jump On Rare Earth Project Acceleration

Critical Metals Corp (NASDAQ:CRML) shares are trading higher Tuesday morning after the company said its board approved a $30 million acceleration program for the Tanbreez rare earth project in Greenland, a move aimed at fast-tracking one of the world's largest known heavy rare earth deposits toward production. Here’s what investors need to know.

• Critical Metals stock is showing exceptional strength. What’s fueling CRML momentum?

Tanbreez Rare Earth Project Moves Toward First Ore Production

Critical Metals said the program is designed to de-risk development and push Tanbreez toward first ore production in late 2028 or early 2029, with concentrate exports targeted by the third quarter of 2029. Management plans to use the funding to expand drilling, advance engineering and metallurgical work and secure infrastructure needed to move the project closer to commercial operation.

Critical Metals outlined a 2026 field program that includes up to 6,000 meters of drilling, bulk sampling for pilot plant feedstock, geotechnical work tied to port and infrastructure development, and resource expansion efforts. The company said it is targeting growth in the deposit's resource base to about 130 million tonnes from 45 million tonnes.

Critical Metals Highlights Growing Rare Earth Demand Tailwinds

Management also pointed to broader strategic tailwinds, including rising rare earth demand linked to electrification, renewable energy and advanced manufacturing.

The company said recent exploration campaigns delivered strong assay results, while a nearby international airport and ongoing offtake and refining talks with partners in the U.S., Europe and Saudi Arabia could strengthen the project's long-term outlook.

CRML Shows Volatility But Holds Above 200-Day Average

Over the past year, Critical Metals shares have been extremely volatile, climbing from lows near $1.37 to a peak of about $29.97 before pulling back. The stock experienced a sharp rally in late 2025 followed by several swings, but it has generally held above its longer-term 200-day moving average, indicating a broader upward trend.

Recently, the price has consolidated around the $9–$12 range, with the 20-day and 50-day moving averages trending slightly higher.

CRML Shares Jump Tuesday Morning

CRML Price Action: Critical Metals shares were up 7.27% at $9.59 at the time of publication on Tuesday, according to Benzinga Pro data.

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This article Critical Metals (CRML) Shares Jump On Rare Earth Project Acceleration originally appeared on Benzinga.com