Back to News
Oct 16, 2025 12:00 PM

Critical Metals Raises $50 Million To Power Greenland Rare Earth Project

Critical Metals Corp. (NASDAQ:CRML) shares were trading higher on Thursday after it announced that it has entered into a securities purchase agreement with a major institutional investor. The stock has since given up its gains and is now trading lower by 2%.

According to the agreement, the company plans to raise $50 million in gross proceeds through a private investment in public equity (PIPE) transaction.

The company said it plans to use the net proceeds from the offering to support the development of its 4.7 billion metric ton Tanbreez rare earth deposit in Greenland, one of the world’s most significant known sources of rare earth minerals.

Also Read: Critical Metals Stock ...