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By Karen Roman Critical Metals Corp. (Nasdaq: CRML) said the Government of Greenland granted its approval for the company’s acquisition of 70% of the shares in 60° North Greenland ApS, […]
(Bloomberg) -- Critical Metals Corp. agreed to buy European Lithium Ltd. for about $835 million in a move that will give the US minerals exploration company full ownership of a giant rare earth deposit it’s trying to develop in Greenland.Most Read from BloombergSergey Brin Confronted Gavin Newsom — Then Launched a Political WarTrump Being ‘Humiliated’ in Iran Talks, German Leader SaysThe Billion-Barrel Hormuz Oil Shock Is About to Crash DemandOpenAI Breaks Free From Exclusive AI Pact With Micros
Remember President Trump’s preoccupation with Greenland? Traders piled into U.S. company Critical Metals on Friday after it grew its controlling stake in a rare-earths project in southern Greenland—helping its stock log its best one-day performance since October. Shares of Critical Metals rose around 35% on Friday and 42% this week, the stock’s largest weekly increase since January, when Trump repeatedly threatened to acquire Greenland.