Critical Metals Corp., a leading critical minerals mining company, announced on June 16, 2025, that it has received a Letter of Interest from the Export-Import Bank of the United States (EXIM) for a substantial non-dilutive funding package worth $120 million. This funding is intended to support the development of the Tanbreez Rare Earth Project in Greenland, one of the world's largest rare earth deposits. The financial package is expected to cover the costs associated with completing necessary technical and economic studies, pre-production activities, and initiating mining operations. The funding aligns with EXIM's Supply Chain Resiliency Initiative and aims to bolster the United States' comparative leadership in transformational export areas. Critical Metals Corp plans to use this financial backing to advance its project, with a definitive feasibility study anticipated by the end of 2025.
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