Critical Metals Soars 12.37% on Greenland Project Approval

On July 10, 2025, Critical Metals surged by 12.37% in pre-market trading, marking a significant rise in its stock price.

Critical Metals, Inc. is a mineral exploration and development company focused on securing and advancing deposits of critical and strategic minerals. The company's operations are centered around the exploration and development of these valuable resources, which are essential for various industries, including technology, defense, and renewable energy.

The global race for critical minerals is intensifying, driven by decarbonization goals, defense modernization, and geopolitical rivalry. The recent approval of Greenland's Malmbjerg molybdenum/magnesium project is a pivotal marker in this landscape. This project is set to produce 32.8 million pounds of molybdenum annually by 2030, meeting 25% of the EU's demand and 100% of its defense-specific requirements. Molybdenum is vital for high-performance steels in aerospace and EV batteries, making it a strategic asset. The project also taps into magnesium, a lightweight metal critical for EVs, using saline water extraction. This diversification challenges China's dominance in the magnesium market, as the EU currently relies on China for 97% of its magnesium imports.

In the United States, the refining capacity crisis is exacerbated by Section 232 tariffs and sanctions, which have disrupted the flow of copper and aluminum. The resulting backwardation in copper prices reflects speculative hoarding and physical scarcity. The LME's recent reforms aim to curb cornering but risk worsening delivery incentives. Investors must weigh the $182 billion IRA-driven push for domestic processing against the structural gaps in refining capacity.

Critical Metals Corp. is leveraging U.S. Ex-Im Bank financing for its Tanbreez rare earth project in Greenland. This project is part of a broader infrastructure play that includes Greenland's port and energy projects, which are underpinned by the EU's €150 million port near Nuuk and Ørsted's renewable energy investments. These developments support mining logistics and are crucial for the supply chain of critical minerals.

Critical Metals has also received a letter of interest from the United States Export-Import Bank for a $120 million loan, which will support its ongoing projects and operations. This financial backing is a significant boost for the company, enabling it to advance its mineral exploration and development initiatives.