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Stock impact report

“Game-changing moment” European Lithium's Critical Metals takes control of Tanbreez [Yahoo! Finance]

Critical Metals Corp. - Ordinary Shares (CRML) 
Company Research Source: Yahoo! Finance
European Lithium Ltd (ASX:EUR, OTCQB:EULIF) 's 100% owned subsidiary Critical Metals Corp has moved to 92.5% ownership of the Tanbreez rare earths project in Greenland after securing government approval for the transfer of the final 50.5% interest in Tanbreez Mining Greenland A/S. The approval marks a key ownership milestone for the company, giving it control of one of the world's largest known heavy rare earth deposits and removing a major structural hurdle as it advances the project towards development. European Lithium retains a 7.5% direct interest in Tanbreez and also remains a major shareholder in Critical Metals, holding 37.5% of the company. Tanbreez's southern Greenland location is strategically important as it hosts all eight of the heavy rare earth elements used in defence, clean energy and advanced technology applications. The project also has a logistical advantage, with year-round shipping access through deep-water fjords to the North Atlantic Ocean, a factor th Show less Read more
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