Critical Metals Stock Climbs After Business Update: Here's Why

Critical Metals Corp. (NASDAQ:CRML) shares climbed on Thursday after the rare earths mining company provided a business update through a conference call with investors and analysts. CRML stock is climbing. See the chart and price action here. The stock was up approximately 21% in midday trading with the rally driven by a combination of geopolitical developments and internal corporate updates. The most significant update was Critical Metals disclosure of four non-binding term sheets for the offtake of its rare earth concentrates, allocating 100% of the Tanbreez project's planned production. Business Update Webcast Critical Metals held a business update webcast at 8:00 a.m. ET Thursday. During the call, management provided clarity on the development of the Tanbreez project and its role in the U.S. defense supply chain. Milestones: The company recently green-lit construction for a pilot plant in Greenland, with operations expected to begin by May 2026. Offtake Agreements: Critical Metals disclosed it has now entered into four non-binding term sheets for the offtake of its rare-earth concentrates, allocating 100% of its planned production. Saudi Joint Venture & Analyst Upgrades Market momentum has also been building from a recent announcement of a $1.5 billion joint venture with a Saudi Arabian industrial conglomerate. Refining Capacity: This JV will create a processing facility in Saudi Arabia to refine Tanbreez minerals specifically for the U.S. military-industrial sector. Price Target Bump: Following this news, analysts at Clear Street recently raised their price target for CRML to $20.00, citing the company's ability to build a supply chain entirely independent of Chinese influence. The Greenland Framework Another catalyst for the jump is news from the Trump administration. President Donald Trump on Wednesday announced a “framework” deal regarding Greenland and said he would no longer impose the new European tariffs that were scheduled to begin on Feb. 1. Why it matters: Critical Metals' flagship asset, the Tanbreez Project, is one of the world's largest rare-earth deposits and is located in Greenland. Strategic Value: Speculation that the U.S. might acquire or gain significant strategic control over Greenland has turned Critical Metals stock into a proxy play for American mineral independence. The removal of tariff threats against Denmark has eased investor fears of trade friction that could have stalled the project. CRML Price Action: Critical Metals' stock was up 21.63% at $18.52 at the time of publication Thursday, according to data from Benzinga Pro. Photo: Shutterstock