CRML Stock Gets Retail Buzzing After Key Tanbreez Updates – Critical Metals Jumps 7% Pre-Market

• Bloomberg reported that the company acquired a 50.5% interest in Tanbreez from Rimbal, bringing its total stake to 92.5%.
• Tanbreez contains steady rare-earth grades along with the presence of key elements such as gallium, hafnium, cerium, and yttrium
• Texas Capital initiated coverage of Critical Metals with a ‘Buy’ rating and $20 price target, according to The Fly.

Critical Metals Corp. (CRML) drew strong investor attention on Friday after Greenland reportedly approved the indirect transfer of the mining licence for the highly strategic Tanbreez rare earths project, clearing a major regulatory hurdle for the company’s expansion plans.

The approval follows Critical Metals’ move last October to reportedly increase its stake in Tanbreez Mining, giving it near-total control of the project located in southern Greenland. On Friday, Bloomberg reported that the company acquired a 50.5% interest in Tanbreez from Rimbal, bringing its total stake to 92.5%. The company had not issued an official confirmation at the time of writing.

CRML stock jumped nearly 7% in pre-market trading on Friday, adding to a 4% gain a session earlier. It was also among the top trending tickers on Stocktwits at the time of writing.

Why Tanbreez Matters

The Tanbreez project is home to one of the world’s largest known rare earth deposits and benefits from direct access to North Atlantic shipping routes. Recent drilling by Critical Metals confirmed steady rare-earth grades along with the presence of key elements such as gallium, hafnium, cerium, and yttrium.

The scale and strategic value of these resources have also drawn geopolitical attention. U.S. President Donald Trump previously highlighted Greenland’s importance, noting that securing such assets could give the U.S. greater access to critical minerals and help counter China’s dominance in the rare-earth supply chain.

According to a Reuters report last October, the Trump administration discussed taking a stake in Critical Metals, a move that would give Washington a direct interest in the Tanbreez project.

Texas Capital Bullish On Tanbreez’s Strategic Location, Resource Quality

On Wednesday, Texas Capital initiated coverage of Critical Metals with a ‘Buy’ rating and $20 price target, implying a potential 126% upside to the closing price of $8.89, according to The Fly.

The firm added that the Tanbreez asset could become a key part of the Western rare earth supply chain, citing its significant long-term scale, high-quality resources, and strategic location that supports both U.S. and European markets.

How Did Retail Traders React?

Retail sentiment on Stocktwits remained in the ‘extremely bullish’ zone over the past 24 hours, amid ‘high’ message volumes.

One user said the “door is opening very wide now for the U.S. to invest in CRML.”

The stock has gained around 25% so far this year.

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