Critical Metals to acquire majority stake in 60° North Greenland ApS

Reuters
Mar 24
Critical Metals to acquire majority stake in 60° North Greenland ApS
  • Critical Metals entered into an agreement to acquire a majority shareholding in 60° North Greenland, a Greenland-based construction, exploration, logistics and project development company.
  • The deal is intended to expand operational capabilities and local expertise in Greenland, where Critical Metals holds a controlling interest in the Tanbreez rare earth project.
  • Under the agreement, 60° North Greenland is expected to enter into a collaboration agreement with Tanbreez to support infrastructure development and local operational capacity around the project.
  • The transaction is expected to close subject to customary closing conditions.


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