Critical Metals Granted Approval for 70% Acquisition of 60° North ApS

by IPO Edge

4 hours ago

50 second read

By Karen Roman

Critical Metals Corp. (Nasdaq: CRML) said the Government of Greenland granted its approval for the company’s acquisition of 70% of the shares in 60° North Greenland ApS, indirectly obtaining title to the related land and asset portfolio.

The approval is a milestone in the company’s operational footprint expansion in Greenland and reinforces the development of the Tanbreez project, one of the world’s largest rare earth deposits, the company stated.

“This outcome reflects our commitment to responsible development in Greenland and to building a secure, western-aligned supply chain for critical minerals,” said Tony Sage, Critical Metals Chairman and CEO.

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