Mentioned:
A publicly traded company in the United States of America might have one of the world’s most significant deposits of rare earth elements. And located it’s in Greenland.
What’s happening:
- Critical Metals (NASDAQ: CRML) has officially announced their first S-K 1300 report on their Tanbreez Project located in Southern Greenland
By the numbers:
- The Tanbreez Project is hosted within 4.7B metric tons of kakortokite hard rock
- The Initial Mineral Resource Estimate validates that there is 45M metric tons of resource of total rare earth material, including 27% of heavy rare earth elements
Why it matters:
- Critical Metals’ flagship Tanbreez Project is widely considered to be one of the largest deposits of rare earth elements in the entire world
Going deeper:
- Critical Metals previously made waves when they hit a large gallium discovery at the Tanbreez Project
The intrigue:
- Rare earth elements in Greenland have seen a major uptick in cultural relevance lately, largely fuelled by United States President Donald Trump publicly stating that America would like to acquire Greenland for their abundance of natural resources
