By Nicholas G. Miller
Shares of Critical Metals surged after the company said it had raised $50 million through a private stock sale.
The stock rose 16% to $26.28 in premarket trading and has more than tripled so far this year.
The company said it had agreed to sell an aggregate of 1.47 million shares and pre-funded warrants to purchase 1.56 million shares.
Critical Metals said it would use the proceeds from the sale to fund the development of its Tanbreez rare earth deposit in Greenland.
Write to Nicholas G. Miller at nicholas.miller@wsj.com
(END) Dow Jones Newswires
October 16, 2025 08:49 ET (12:49 GMT)
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