Trade Tactics Navigator
  • Investing
  • Latest News
  • Editor’s Pick
  • Politics
No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Politics
No Result
View All Result
Trade Tactics Navigator
No Result
View All Result
Home Investing

Critical Metals Secures US$120 Million Loan LOI for Tanbreez Rare Earths Project

admin by admin
June 20, 2025
in Investing
0
Critical Metals Secures US$120 Million Loan LOI for Tanbreez Rare Earths Project
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Critical Metals (NASDAQ:CRML) got a boost on Monday (June 16), landing a letter of interest (LOI) for a non-dilutive US$120 million funding package from the Export-Import Bank of the US (EXIM).

The funds would be used to advance its Tanbreez rare earths project in Southern Greenland.

Touted as one of the world’s largest rare earths deposits, Tanbreez is expected to produce up to 85,000 metric tons of rare earth material annually, with more than 27 percent classified as heavy rare earth elements.

“This is a tremendous milestone for Critical Metals Corp which highlights to the rare earths supply chain, Western Governments and investors that Tanbreez is a world-class asset that will provide mission-critical rare earth metals to counter China’s continued dominance,” said Critical Metals CEO and Chairman Tony Sage.

The funding would support pre-production, technical studies and early mining activities. EXIM’s financing falls under its new Supply Chain Resiliency Initiative and comes with a 15 year repayment term.

Critical Metals acquired a controlling stake in Tanbreez in June 2024 in a transaction valued at up to US$211 million. It expects the asset to require US$290 million in capital expenditure to advance to initial commercial production.

The US$120 million from EXIM would support key early stage work at Tanbreez, including technical and economic studies, pre-production activities and the start of mining operations.

The company is aiming to complete a definitive feasibility study by late 2025.

Critical Metals also plans to invest an additional US$10 million in exploration this year, giving it the option to increase its ownership in the project to 92.5 percent through the acquisition of a further 50.5 percent stake.

“We are now razor focused to put Tanbreez into production as soon as possible,’ said Sage.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Previous Post

Mali Court Seizes Control of Barrick Gold Mine Amid Escalating Dispute

Next Post

Prospectus

Next Post
Prospectus

Prospectus

  • Trending
  • Comments
  • Latest
More than a third of this country’s population has applied to relocate

More than a third of this country’s population has applied to relocate

June 27, 2025
Blackstone Minerals Corporate Update

Blackstone Minerals Corporate Update

June 27, 2025
75 years after he was kidnapped to North Korea, these sisters still hope to see their brother

75 years after he was kidnapped to North Korea, these sisters still hope to see their brother

June 28, 2025

Bitcoin Crash Prediction, Warns Crypto Expert

February 13, 2025
Trump expects Hamas response to ceasefire in hours as new details emerge on proposal

Trump expects Hamas response to ceasefire in hours as new details emerge on proposal

0

Impact of Trump’s Tariffs on Asian Economies

0

Stablecoin Market Reaches $204B, Signaling Crypto Rally

0

Genius Group Expands Bitcoin Holdings to 440 BTC Worth $46M

0
Trump expects Hamas response to ceasefire in hours as new details emerge on proposal

Trump expects Hamas response to ceasefire in hours as new details emerge on proposal

July 5, 2025
Hamas submits ‘positive response’ to ceasefire proposal in major step toward a deal

Hamas submits ‘positive response’ to ceasefire proposal in major step toward a deal

July 5, 2025
‘We want an answer’: They fear their relatives are among the hundreds of bodies piled up at a crematorium in Mexico

‘We want an answer’: They fear their relatives are among the hundreds of bodies piled up at a crematorium in Mexico

July 5, 2025
Synagogue door set alight and restaurant stormed in latest antisemitic attacks in Australia

Synagogue door set alight and restaurant stormed in latest antisemitic attacks in Australia

July 5, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Top News

    Trump expects Hamas response to ceasefire in hours as new details emerge on proposal

    Trump expects Hamas response to ceasefire in hours as new details emerge on proposal

    July 5, 2025
    Hamas submits ‘positive response’ to ceasefire proposal in major step toward a deal

    Hamas submits ‘positive response’ to ceasefire proposal in major step toward a deal

    July 5, 2025

    Latest News

    • Trump expects Hamas response to ceasefire in hours as new details emerge on proposal
    • Hamas submits ‘positive response’ to ceasefire proposal in major step toward a deal
    • ‘We want an answer’: They fear their relatives are among the hundreds of bodies piled up at a crematorium in Mexico

    About Trade Tactics Navigator

    Copyright © 2025 tradetacticsnavigator.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Politics

    Copyright © 2025 tradetacticsnavigator.com | All Rights Reserved