Critical Metals Corp Secures $120 Million Funding from EXIM Bank for Tanbreez Rare Earth Project Development in Greenland

Reuters
19 Jun
Critical Metals Corp Secures $120 Million Funding from EXIM Bank for Tanbreez Rare Earth Project Development in Greenland

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Critical Metals Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-055643), on June 18, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10