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Stock impact report

Critical Metals (CRML) Soars 32.6% on Rare Earth Exploration in Greenland [Yahoo! Finance]

Critical Metals Corp. - Ordinary Shares (CRML) 
Company Research Source: Yahoo! Finance
Critical Metals snapped two days of losses on Wednesday, jumping 32.58 percent to close at $17.93 apiece, as investors took heart from news that it found rare earth deposits at the Tanbreez Rare Earths Project in Greenland. In a statement, Critical Metals Corp. (NASDAQ:CRML) said that the site's Fjord deposit and Upper Fjord areas showed consistent rare earth grades and presence of strategic metals such as gallium, hafnium, cerium, and yttrium, among others, reinforcing Tanbreez's position as a globally significant peralkaline-hosted rare earth system. Kzenon/Shutterstock.com The two areas remain open for exploration both sideways and deeper underground, with mineralization confirmed to occur consistently close to surface and demonstrating strong lateral and vertical continuity. Investors were quick to gobble up shares in the company, in line with the US government's plan to ramp up the production of rare earth minerals to reduce dependence on China. To support faster drill Show less Read more
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