Critical Metals Gets Greenland Approval for Tanbreez Mining Plan
MT newswire2026/10/05 13:0909:09 AM EDT, 10/05/2026 (MT Newswires) -- Critical Metals (CRML) said Monday that Greenland's government approved the mining and closure plans for its Tanbreez rare earths project in southern Greenland. The company said the approvals, covering the project through September 2050, allow for the planned extraction of 19 elements, including heavy rare earths such as terbium, dysprosium and yttrium, as well as neodymium and praseodymium. Critical Metals said the plans cover construction and operation of the mine, processing facilities, port and related infrastructure, along with eventual site closure and rehabilitation. The company said it plans to obtain operating permits covering environmental management, marine transport, health and safety, and mineral exports and sales, and construction can begin once those permits are secured and required financial guarantees are in place. Shares of the company were up 10% in Monday's premarket activity.
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