1srelluc
Diamond Member
![oilprice.com](https://d32r1sh890xpii.cloudfront.net/article/718x300/2024-06-19_ajkxwugapm.jpg)
Huge Rare Earths Discovery is Gamechanger in Americas Trade War with China | OilPrice.com
Greenland’s massive rare earth deposit, acquired by a Nasdaq-listed company, could significantly reduce the West's dependence on China for critical minerals.
Critical Metals Corp (NASDAQ:CRML) announced an acquisition deal for what it believes is the largest critical metals deposit in the world, in Greenland.
On June 10, Critical Metals Corp signed an agreement to acquire a controlling interest in Greenland's Tanbreez project, which it says is the largest rare earth deposit in the world. Once operational, CRML expects it to supply Europe and North America. And on June 18 the company announced it had completed its initial investment for the Tanbreez acquisition, lending more confidence to the deal and further de-risking the transaction, according to a company press release.
Tanbreez is said to have over 28 million tonnes of total rare earth oxides, the company estimates internally, and nearly 30% of that is the most coveted "heavy" rare earth elements (HREE).
Interesting article, this is a positive.
Blah, the environmentalists will block its mining.
If it is mined it will all be sold to China.