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Stock impact report

Critical Metals (CRML) Jumps 11% on International Expansion [Yahoo! Finance]

Critical Metals Corp. - Ordinary Shares (CRML) 
Company Research Source: Yahoo! Finance
Critical Metals rallied for a second day on Friday, jumping 11.70 percent to close at $20.62 apiece as investors took heart from developments from its potential expansion in Saudi Arabia. In a regulatory filing, Critical Metals Corp. (NASDAQ:CRML) said that it inked a memorandum of understanding with Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers Company (TQB) for the establishment of one or more joint ventures for the development and operations of a processing plant and a refining facility in Saudi Arabia. Nestor Rizhniak/Shutterstock.com The mining firm said that rare earth resources would come from its Tanbreez Green Rare Earth Mine in Greenland, which is 42-percent owned by the listed firm. “The company has now entered into four non-binding term sheets for the offtake of rare-earth concentrate extracted from the Tanbreez Project. There can be no guarantee that the company will enter into binding agreements with TQB, or the other term sheet counterparties, on terms favora Show less Read more
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