Critical Metals Corp has launched a strategic review of its portfolio with the intention of selling, spinning off or partnering non-core assets, directing capital and resources toward its flagship Tanbreez rare earth project in southern Greenland — one of the largest undeveloped heavy rare earth deposits outside China.
The company has hired Clear Street as financial adviser and White & Case LLP as legal adviser to evaluate options including asset sales, joint ventures, strategic partnerships, alliances and business separations. Critical Metals cautioned there is no assurance the process will result in a transaction.
Chairman Tony Sage said the review is designed to position Critical Metals as “a premier pure-play Western source of heavy rare earths and other critical minerals essential to defence, energy, and advanced technology supply chains.”
Critical Metals became the sole owner of Tanbreez in April following an $835 million deal to absorb European Lithium. The project at Killavaat Alannguat in southern Greenland carries a preliminary economic assessment valuing it at approximately $3 billion based on a 4.7 billion-tonne resource across two deposits. The company has secured offtake agreements covering approximately 75% of future production and has lined up up to $120 million in financing from the US Export-Import Bank. First ore production is targeted for the fourth quarter of 2028 or the first quarter of 2029.
