Critical Metals Stock Soars 90% on Joint Venture and Mining License Renewal

Critical Metals Corp. (NASDAQ: CRML) stock surged 89.8% in January, driven by several events, including a business update and a joint venture announcement. The mining company has received approval to commence construction of its Tanbreez rare-earth project in Greenland and plans to create a $1.5 billion rare-earth mineral processing facility in Saudi Arabia. Critical Metals has long-term commitments for its rare-earth concentrate production and has renewed its mining license for the Wolfsberg Project, Europe's first fully permitted lithium mine. Investors are bidding up the stock due to its potential to avoid China's stranglehold on the rare-earth industry.