Critical Metals Corp Expands Tanbreez Project Resource with $2 Million Diamond Drilling Program

Critical Metals Corp has signed a $2 million diamond drilling contract to increase the resource size at its Tanbreez Project in Greenland. The drilling program targets further resources east of the existing Fjord Deposit and is expected to strengthen the project's economics. The drilling will enhance the numbers for the company's upcoming definitive feasibility study, expected to be completed by the end of 2025.

Title: Critical Metals Corp Signs $2 Million Diamond Drilling Contract for Tanbreez Project

Critical Metals Corp (CRML), a leading critical minerals mining company, has signed a $2 million diamond drilling contract with renowned drilling contractors in Greenland, 60 Degree North Greenland, for a drilling program to significantly increase the resource size at the Tanbreez Project. The drilling program is set to commence next month and will focus on infill and extension drilling targeting resources further east of the existing Fjord Deposit [1].

The drilling program will target areas extending approximately 700m and 650m along strike of the North-East to South-West kakortokite host rock, with vertical drill holes ranging from 80m to 250m in depth. The drilling is expected to enhance the numbers for the company’s upcoming definitive feasibility study, which is scheduled for completion by the end of 2025 [2].

This initiative follows a recent $120 million non-dilutive funding LOI from the US EXIM Bank for the development of Tanbreez. The drilling program will also finalize and enhance the current pit design, fulfilling expenditure requirements on the license. This strategic move is crucial for reducing permitting risk and strengthening the project's economics [1].

The Tanbreez Project, located in Southern Greenland, is one of the world's largest rare earth deposits and is expected to have access to key transportation outlets via year-round direct shipping access via deep water fjords leading directly to the North Atlantic Ocean. The project is essential for supporting the clean energy transition and next-generation technologies in the western world [1].

References
[1] https://www.globenewswire.com/news-release/2025/06/23/3103378/0/en/Critical-Metals-Corp-Signs-Infill-Diamond-Drilling-Program-to-Significantly-Increase-the-Size-of-the-Resource-at-Tanbreez.html
[2] https://www.stocktitan.net/news/CRML/critical-metals-corp-signs-infill-diamond-drilling-program-to-3kawgyhkwpel.html