Critical Metals' Tanbreez Project Boosts Rare Earth Concentrate Yield by 40%
Summary
Critical Metals Corp. announced significantly improved metallurgical test results for its flagship Tanbreez rare earth project, confirming an outstanding 2.96% TREO and HREO refined concentrate. This represents a substantial ~40% increase over previous historical test work, achieved through an optimized flowsheet and modern magnetic separation, with recovery rates exceeding 85%. This positive technical advancement is particularly material given the recent 6-K filing that included a "going concern" warning for Tanbreez Mining Greenland A/S. The improved yield and grade enhance the project's economic viability and technical feasibility, potentially alleviating some of the financial concerns. The company plans to issue a replacement Preliminary Economic Assessment (PEA) and a revised Definitive Feasibility Study (DFS), with pilot plant operations scheduled to commence in May 2026, which will be critical next steps to validate these results at scale.
At the time of this announcement, CRML was trading at $6.80 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $814.2M. The 52-week trading range was $1.23 to $32.15. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.