Critical Metals Corp. Announces Preliminary Economic Assessment for Tanbreez Project in Southern Greenland
New York, NY – March 31, 2025 – Critical Metals Corp. (Nasdaq: CRML), a leading mining development company, is thrilled to announce the release of an independent Preliminary Economic Assessment (PEA) for the Tanbreez Project located in Southern Greenland. The Tanbreez Project is home to one of the largest rare earth deposits in the world, with a mineralized kakortokite unit measuring an impressive 4.7 billion metric tons.
Key Findings of the PEA
The PEA report, a crucial step in advancing the development strategy for the Tanbreez Project, highlights the following:
- Indicated mineral resources of 2.64 billion metric tons averaging 1.22% total rare earth oxides (TREO)
- Inferred mineral resources of 2.06 billion metric tons averaging 1.15% TREO
- Initial capital cost of $1.2 billion
- Life of mine (LOM) of 22 years
- Annual production of 34,000 metric tons of TREO
- Expected cash cost of $12.82 per kilogram of TREO
- Net present value (NPV) of $1.3 billion and internal rate of return (IRR) of 16.2%
Impact on Individuals
For individuals, the discovery and development of the Tanbreez Project could lead to an increase in the global supply of rare earth elements. These elements are essential components in various modern technologies, such as electric vehicles, wind turbines, smartphones, and defense systems. As a result, consumers may experience a decrease in the prices of these products, making them more accessible and affordable.
Impact on the World
On a global scale, the Tanbreez Project’s potential development could significantly reduce the world’s dependence on China for rare earth elements. China currently controls over 80% of the global supply, which has led to concerns regarding supply chain security and potential price volatility. Diversifying the global supply base through the development of projects like Tanbreez can help mitigate these risks and promote a more stable and competitive market.
Conclusion
The release of the PEA for the Tanbreez Project represents a significant milestone for Critical Metals Corp. The findings of the assessment demonstrate the potential for a large-scale, economically viable rare earths mining operation in Greenland. With the potential to increase global supply and reduce reliance on China, the Tanbreez Project could have a profound impact on individuals and the world as a whole. As the Company continues to advance the development strategy for Tanbreez, stakeholders can look forward to further updates on this exciting project.
