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Critical Metals Secures US$120M Backing for Greenland Rare Earths Project
9:49am on Wednesday 18th of June, 2025 AEST
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Mining
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Critical Metals Secures US$120M Backing for Greenland Rare Earths Project
9:49am on Wednesday 18th of June, 2025 AEST
Key Points
Conditional US$120 million Letter of Interest from US Export-Import Bank
Funding aimed at developing Tanbreez, one of the world’s largest rare earth deposits
European Lithium holds 63% of Critical Metals, poised to benefit significantly
Funding subject to due diligence, permitting, feasibility, and milestone achievements
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