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Markets · Investing · Business
Finance
Why Did Critical Metals Stock Just Gain 22.6%?
Critical Metals stock jumped 22.6% on Friday after the CEO said its Tanbreez rare-earth project in Greenland is still on track to produce within three years.
Critical Metals(NASDAQ: CRML) finished up 22.6% on Friday, Aug. 21, 2026, after the rare-earth miner's CEO said the timeline is holding for its critical Tanbreez Project in Greenland.
Critical Metals' CEO said that the Tanbreez project remains on track and should be producing rare-earth elements -- strategically important metals used in magnets for things like electric vehicles and defense equipment -- within three years.
Details
The company also released financial details of its acquisition of European Lithium. The deal would take Critical Metals from a 92.5% control of Tanbreez to a full 100%.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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