Critical Metals shares surge 20.05% intraday after $20M strategic acquisition and environmental approvals for Tanbreez Project.

Critical Metals (CRML) surged 20.05% intraday following a strategic $20M acquisition of ultra-high-purity copper powder and environmental approvals for its Tanbreez Project. The acquisition, announced November 21, secures a 40% premium stockpile of critical materials, while approvals for the Wolfsberg Lithium Project in Greenland, announced November 25, eliminate regulatory hurdles. These developments signal operational progress and align with rising global demand for battery-grade lithium and copper, driving immediate investor optimism. The move contrasts with unrelated governance issues at Cyclone Metals (Reason 1) and sector-adjacent pH7 Technologies' funding (Reason 2), which lack direct links to CRML’s core operations.