Critical Metals Invests $30M in Greenland Rare Earth Project for 2029 Production Launch

Published: Mar 17, 2026 17:23

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US critical minerals miner Critical Metals announced a $30 million plan to rapidly develop the Tanbreez heavy rare earth project in Greenland. This funding will advance drilling, infrastructure, engineering design, and metallurgical programs, with the goal of commencing the first batch of ore production in Q4 2028 or Q1 2029, and starting rare earth concentrate exports in Q3 2029.

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