The Tanbreez project is considered an important potential source of heavy rare earth elements, which are essential for the production of electric vehicles, wind turbines, and various advanced technologies. These minerals are also widely used in industrial and defense applications. The project is seen as a step toward diversifying global rare earth supplies and supporting the growing demand for critical materials used in clean energy and high-tech manufacturing.
According to the company, the funds raised through the PIPE transaction will help strengthen its financial position and accelerate progress at the Tanbreez site. The deposit is estimated to contain approximately 4.7 billion metric tons of rare earth minerals, making it one of the largest known reserves of its kind. Development work at the site will focus on exploration, infrastructure preparation, and environmental compliance to ensure sustainable resource extraction.
Under the terms of the agreement, Critical Metals will issue 1.47 million new shares and pre-funded warrants for an additional 1.56 million shares. The company noted that the private placement will provide the necessary capital for operational expansion and long-term project development.
The Tanbreez deposit, located in southern Greenland, has been under evaluation for several years due to its significant potential to supply heavy rare earth elements. These materials are essential components in permanent magnets used in electric motors, renewable energy systems, and electronic devices. As global industries transition toward cleaner energy technologies, securing stable sources of such materials has become a key priority for many companies.
Critical Metals stated that the investment reflects growing confidence in the company’s strategic direction and the value of its resource portfolio. The firm continues to engage with local authorities and environmental agencies in Greenland to advance the project responsibly and in line with regulatory standards.
The company emphasized that development of the Tanbreez project will also contribute to regional economic growth through job creation and infrastructure investment. Future stages will include detailed feasibility studies, production planning, and potential partnerships to support downstream processing and supply chain integration.
With this funding round, Critical Metals aims to strengthen its position in the rare earth sector and advance toward production readiness at Tanbreez. The company expects that the project, once operational, will play an important role in meeting rising global demand for high-value rare earth materials that support industrial innovation and sustainable energy technologies.
