Critical Metals (CRML) Surges 45.24% on Strategic Advances, U.S. Equity Stake Speculation

Critical Metals (CRML) surged 45.24% on October 6, reaching its highest level since October 2025, with an intraday gain of 109.02%. The stock’s rally reflects mounting investor enthusiasm driven by strategic progress and potential government backing.

Speculation emerged that the U.S. government is negotiating to take an equity stake in the company, aligning with its role in securing critical minerals for defense and energy sectors. This development, if confirmed, could provide a significant strategic and financial boost, fueling pre-market optimism.

The company secured a $35 million private investment in equity (PIPE) from a new institutional investor to advance the Tanbreez Project in Greenland. This financing accelerates commercialization of the rare earth element and gallium asset, reducing dilution risks and supporting project timelines.

High-grade drilling results from Tanbreez further solidified investor confidence, with rare earth elements (TREO) grading 0.40%–0.42% and gallium concentrations reaching 103 ppm. These findings validate the project’s economic potential and expand its appeal in the critical minerals market.

Progress on the Tanbreez Bankable Feasibility Study (BFS) reached 70% completion, with finalization expected by Q4 2025. The study is pivotal for securing regulatory approvals and financing to enable commercial production by 2026, reducing operational uncertainties.

Critical Metals also amended its agreement to acquire a controlling stake in Tanbreez, enhancing ownership security and operational flexibility. This move strengthens long-term value as the project advances toward production.

An off-take agreement with Ucore Rare Metals, a U.S. Department of Defense-funded processor, ensures downstream demand for Tanbreez’s heavy rare earth concentrates. This partnership provides pricing stability and reinforces the project’s commercial viability.