Critical Metals weighs asset sales to speed up Greenland project

Staff Writer | July 8, 2026 | 6:43 am Critical Minerals Markets Europe Rare Earth

Tanbreez project area. (Image courtesy of Critical Metals.)

Critical Metals (Nasdaq: CRML) has launched a strategic review that could see it sell, spin off or partner non-core assets to accelerate development of its flagship Tanbreez rare earth project in Greenland.

The company said Wednesday it has hired Clear Street as financial adviser and White & Case LLP as legal adviser to evaluate options across its portfolio, including asset sales, joint ventures, strategic partnerships, alliances or business separations. The review is intended to redirect capital and resources toward Tanbreez, which is expected to supply high-demand rare earth elements across the Western Hemisphere. Critical Metals cautioned there is no assurance the process will result in a transaction.

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“By sharpening our focus on Tanbreez and pursuing value-maximizing outcomes for our non-core holdings, we intend to position Critical Metals Corp. as a premier pure-play Western source of heavy rare earths and other critical minerals essential to defence, energy, and advanced technology supply chains,” chairman Tony Sage said.

The review reflects growing interest in securing Western supplies of critical minerals as governments seek to reduce dependence on China for rare earth elements used in defence, clean energy and advanced technologies. A streamlined portfolio could allow Critical Metals to concentrate capital and execution on bringing Tanbreez into production.

Full ownership

Critical Metals became the sole owner of the Tanbreez project, located at Killavaat Alannguat in southern Greenland, in April.

The project is considered one of the one of the largest undeveloped heavy rare earth deposits outside China. Earlier this year, the company released a preliminary economic assessment that valued the project at about $3 billion based on a 4.7-billion-tonne resource across two deposits.

Critical Metals has secured offtake agreements covering about 75% of future production and lined up up to $120 million in financing from the US Export-Import Bank. The company expects first ore production in the fourth quarter of 2028 or the first quarter of 2029 while continuing to expand what it believes is a significantly underexplored resource.