Critical Metals Corp. (NASDAQ: CRML), a leading mining development company focused on critical metals and minerals and producing strategic products essential to electrification and next generation technologies for Europe and its western world partners, today announced that the Company has released its first S-K 1300 technical report summary on the Tanbreez Project, one of the largest rare earth deposits in the world hosted within - 4.7 billion metric tons of a kakortokite hard rock unit.
Agricola Mining Consultants Pty Ltd compiled the S-K 1300 Report.
“The release of our first S-K 1300 report for Tanbreez is a significant milestone for Critical Metals Corp as we are quickly advancing the development strategy for this game-changing rare earth deposit," said CEO Tony Sage.
"The initial Mineral Resource Estimate (MRE) shows Tanbreez containing more than 45 million metric tons of resource of total rare earth and rare metal material, We now have independent verification of what makes this asset truly exceptional, and we believe that the S-K 1300 Report's findings will help accelerate our discussions with strategic partners and government agencies focused on establishing secure, western supply chains for these critical materials.
“We expect to begin our next phase of verification work in Q2 2025, with further resource drilling, an Independent Preliminary Economic Assessment (PEA) and end goal of completing our definitive feasibility study by year-end 2025."
CRML shares gained 14 cents, or 7.2%, to $2.08.
