Critical Metals Stock Climbs After Business Update: Here's Why
Critical Metals Corp. (NASDAQ:CRML) shares surged 21% following a business update call, driven by easing geopolitical tensions in Greenland and significant corporate developments. The company announced four non-binding term sheets for the offtake of its rare earth concentrates, covering 100% of the Tanbreez project's production. Additionally, a $1.5 billion joint venture with a Saudi conglomerate aims to create a processing facility for U.S. military needs. Analysts raised CRML's price target to $20, highlighting its potential for a supply chain independent of China.
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