
Critical Metals Gains Tanbreez License, Boosting Rare Earths Project
About this episode
Greenlands Ministry of Mineral Resources approved an indirect transfer of the Tanbreez mining license, enabling Critical Metals Corp to secure a majority stake in this significant rare earths project. The move, which bypassed direct license holder involvement, has geopolitical implications, with the U.S. previously considering a stake to secure access to Tanbreez, Greenlands largest rare earth deposit. U.S. and Danish officials had previously opposed Chinese-linked buyers, emphasizing concerns over supply chain control. Critical Metals now holds 92.5% ownership, positioning the project to meet global demand for electric vehicles, green energy, and defense technology.
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US News Today | 2 Min News | The Daily News Now! — Critical Metals Gains Tanbreez License, Boosting Rare Earths Project. Machine-transcribed; use the interactive transcript above to jump the player to any line.
It's April 17. U.S. News Today starts now, AI-powered and nationwide. I'm Cory with the story. Greenland's Ministry of Mineral Resources just approved an indirect transfer of the TAN Breeze Mining License, paving the way for Critical Metals Corp to solidify its grip on this massive rare earth's project after boosting its stake last year. The Greenlight came Friday, marking a pivotal shift in ownership for one of the Arctic's top mineral plays without touching the license holder. Directly, just the company behind it, geopolitical eyes are all over this, with the Trump administration once eyeing a stake in Critical Metals to lock in U.S. access to TAN Breeze. Greenland's largest rare earth deposit that's drawn strategic heat for years. Meanwhile, U.S. and Danish officials lobbied hard last year to block any Chinese linked buyers, highlighting worries over supply chain control amid, rising global tensions. Critical Metals now holds 92.5% ownership, fueling the project's role in powering electric
vehicles, green energy, and defense. Tech as the man, Sky Rockets, worldwide.
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