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Critical Metals Soars 13.76% on $120M Funding Deal
Generated by AI AgentAinvest Pre-Market Radar
Friday, Jun 20, 2025 5:14 am ET1min read
Critical Metals' stock surged by 13.76% in pre-market trading on June 20, 2025, driven by significant developments in its funding and project milestones.
Critical Metals has secured a US$120 million Letter of Intent (LOI) from EXIM Bank for the development of the Tanbreez Project. This funding package, with a 15-year term, is contingent on key milestones such as permitting, feasibility studies, and environmental assessments. The LOI is expected to facilitate the development of the Tanbreez Project, which is crucial for Critical Metals' strategic growth.
The announcement of the LOI has garnered significant attention, with trading halts and pauses observed on June 16, 2025. This highlights the market's anticipation and reaction to the potential impact of this funding on Critical Metals' future operations and financial health.
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