Blockchain Registration Transaction Record

Critical Metals Corp Secures $50M to Develop World's Largest Rare Earth Deposit

Critical Metals Corp raises $50M to develop Tanbreez rare earth deposit in Greenland. Funding supports Western supply chain for essential minerals used in EVs & defense tech.

This development matters because rare earth elements are essential components in modern technologies including electric vehicles, wind turbines, smartphones, and defense systems. Currently, China dominates over 80% of global rare earth production and processing, creating significant supply chain vulnerabilities for Western nations. The development of Tanbreez, one of the world's largest rare earth deposits, represents a crucial step toward diversifying global supply chains and reducing geopolitical dependencies. As the world transitions to clean energy and advanced technologies, securing reliable access to these critical minerals becomes increasingly vital for economic security, technological innovation, and national defense capabilities across Western countries.