Critical Metals Corp

Name

Critical Metals Corp

Legal name

Critical Metals Corp.

Website

https://www.criticalmetalscorp.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Critical Minerals Mining

NAICS

Other Metal Ore Mining (212290), Nonferrous Metal (except Aluminum) Production and Processing (3314)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Critical Minerals Trading, Offtake & Marketing (IMAKAFAJ), Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM), Battery & Critical Minerals Trading (Lithium, Cobalt, Graphite, Manganese, Rare Earths) (IMAKAJAE)

Keywords

• Rare earth elements
• Lithium mining
• Critical minerals supply
• Heavy rare earths
• Battery metals

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Rare Earth Concentrate Sales: Critical Metals generates revenue through sale of rare earth element concentrates from its Tanbreez project in Greenland. The company has secured binding offtake agreements covering 100% of projected Phase 1 production (85,000 tpa REO), including a 15-year binding agreement with REalloys for 15% of annual output with priority rights to dysprosium and terbium concentrates. Pricing is linked to international rare earth oxide benchmarks on an element-by-element basis.
2. Lithium Product Sales: Revenue from the Wolfsberg Lithium Project in Austria through long-term offtake agreement with BMW Group for lithium products supporting European EV manufacturing and battery supply chains.
3. Strategic By-product Sales: Additional revenue streams from by-products including hafnium (projected 120-150 tons/year at $13-15M/ton for 99.99% purity), zirconium, gallium, niobium, and tantalum extracted during rare earth processing. Hafnium market projected to grow from $420M in 2026 to $726M by 2030.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Critical Metals Corp is a mining development company focused on producing rare earth concentrates from the Tanbreez Project in Southern Greenland and lithium products from the Wolfsberg Lithium Project in Austria. The company sells refined mineral concentrates under long-term binding offtake agreements to defense contractors, electric vehicle manufacturers, and clean energy customers seeking non-Chinese sources of critical minerals.

Product overview

Critical Metals Corp is a mining development company focused on critical minerals essential for electrification and next-generation technologies. The company operates two core mining projects: the Tanbreez Rare Earth Project in Southern Greenland, one of the world's largest undeveloped heavy rare earth deposits with approximately 27% HREE concentration, and the Wolfsberg Lithium Project in Austria, Europe's first fully permitted lithium mine. Tanbreez features direct shipping access via deep-water fjords and targets initial production of 85,000 tpa REO scalable to 425,000 tpa. The company also acquired the Ocean Endeavour vessel for workforce accommodation at its Greenland operations. Critical Metals positions itself as a strategic supplier of critical minerals for defense applications, clean energy transition, and advanced technologies to Western world partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Tanbreez Rare Earth Project Advanced rare earth mining project in Southern Greenland, one of the world's largest undeveloped heavy rare earth deposits with approximately 27% HREE concentration in a ~45 million tonne resource grading 0.38-0.48% total rare earth oxides. Features direct shipping access via year-round ice-free deep-water fjords to North America and Europe. Initial commercial output projected at 85,000 tpa REO, scalable to 425,000 tpa. Targets defense, EV, and clean energy customers under long-term binding offtake agreements.
• Wolfsberg Lithium Project Fully permitted hard-rock lithium deposit in Carinthia, Austria, located 270 km southwest of Vienna. Europe's first fully permitted lithium mine with S-K1300 compliant mineral resource and Definitive Feasibility Study completed. Has established road and rail infrastructure access. Anchored by BMW Group long-term offtake agreement for lithium products supporting European EV manufacturing and battery supply chains. Includes Obeikan Investment Group joint venture for Saudi Arabia lithium hydroxide refinery.
• Rare Earth Concentrate Sales (Eudialyte Concentrate) Refined rare earth concentrates produced from Tanbreez eudialyte ore through dry magnetic separation and metallurgical processing, achieving 40% improvement in concentrate grade to 2.96% TREO. Contains heavy rare earth elements (dysprosium, terbium, yttrium, gadolinium, lutetium, samarium) plus zirconium, niobium, tantalum, hafnium, and gallium by-products. Sold under long-term binding offtake agreements with pricing linked to international rare earth oxide benchmarks on an element-by-element basis, delivered FOB Greenland port.

Quantifiable outcome

• PEA NPV of US$2.4-3.0 billion with IRR of approximately 162-180% pre-tax for Tanbreez project
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Ocean Endeavour VesselminorOthers · 30 June 2026Acquisition of 180-passenger ice-strengthened vessel for EUR 7.5 million to provide workforce accommodation and transportation for up to 300 workers at Tanbreez project site. Previously chartered by Danish Defense and NATO operations.
• REalloys Inc.coreStrategic or Co-development Partner · 21 May 2026Binding 15-year offtake agreement covering 15% of annual Phase 1 rare earth concentrate production from Tanbreez with priority rights to dysprosium and terbium concentrates. REalloys is a U.S.-based vertically integrated mine-to-magnet platform serving defense and industrial markets. Deliveries FOB Greenland port with pricing linked to international REO benchmarks. Includes Right of First Refusal on additional volumes and two additional five-year renewal options.
• European Lithium Ltd.coreStrategic or Co-development Partner · 18 May 2026Binding Scheme Implementation Deed for Critical Metals to acquire 100% of European Lithium through all-scrip transaction valued at approximately $835 million. Consolidation provides Critical Metals full ownership of Tanbreez (100%) and strengthens balance sheet with approximately $219 million in European Lithium cash. European Lithium shareholders to receive 0.035 CRML shares per share held. Expected to complete H2 2026.
• Government of GreenlandcoreStrategic or Co-development Partner · 5 May 2026Government approval for Critical Metals' acquisition of 70% stake in 60° North Greenland ApS, providing title to associated land and infrastructure. Satisfies key closing condition for in-country operational expansion.
• Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers Company (TQB)coreStrategic or Co-development Partner · 15 January 2026Non-binding term sheet for 50/50 joint venture to develop rare earth processing facility in Saudi Arabia valued at up to $1.5 billion. JV to offtake 25% of Tanbreez rare earth concentrate production for life of mine, with finished materials destined for U.S. defense industrial complex. CRML retains 50% ownership on carried-interest basis with no capital expenditure obligations.
• Obeikan Investment GroupcoreStrategic or Co-development PartnerJoint venture partnership for construction of Lithium Hydroxide Refinery in Saudi Arabia to support downstream processing of Wolfsberg lithium production and global market reach.
• Fabrica de Prelucrare a Concentratelor de Uraniu S.R.L. (Romanian State Entity)coreStrategic or Co-development PartnerTerm sheet for joint venture with Romanian state-owned entity for rare earth processing facility. Expected to process approximately 50% of Tanbreez concentrate output, including hafnium production (120-150 tpa projected). Serves EU, NATO, and U.S. customers.
• BMW GroupcoreChannel Partner/ Reseller/ DistributorLong-term offtake agreement for lithium products from Wolfsberg Lithium Project. Positions Wolfsberg as key supplier to European battery manufacturing and EV production supply chains.
• Ucore Rare Metals Inc.minorChannel Partner/ Reseller/ DistributorPrior 10% offtake commitment from Tanbreez production. Combined with REalloys 15% commitment, 25% of projected annual output committed to U.S. buyers ahead of 2027 defense procurement rules.
• Saskatchewan Research CouncilminorStrategic or Co-development PartnerREalloys invested $20.6 million in SRC's rare earth processing facility in Saskatoon, securing exclusive preferred rights to up to 80% of expanded production capacity. This partnership supports the downstream processing pathway for Tanbreez concentrate.

Scale indicators12 records

Recent moves6 records

Expansion highlights7 records

Emerging players

• Energy Fuels: U.S. producer that has entered rare earth processing through its White Mesa mill, processing monazite and producing mixed rare earth carbonate. Competes with Critical Metals as a Western non-Chinese rare earth processor targeting U.S. defense procurement priorities.
• Iluka Resources: Australian mineral sands and rare earth developer building a fully integrated rare earth refinery in Eneabba, Western Australia. Competes with Critical Metals for Western rare earth processing capacity, particularly for heavy rare earth separation.
• USA Rare Earth: U.S. rare earth mining and processing company developing the Round Top heavy rare earth project in Texas. Directly competes with Critical Metals as a Western-aligned HREE developer targeting defense and clean energy end markets.
• Arafura Resources: Australian rare earth developer advancing the Nolans NdPr project in the Northern Territory. Competes as a Western non-Chinese NdPr-focused developer targeting the same EV and wind turbine magnet customer base that Critical Metals serves through Tanbreez.
• Savannah Resources: U.K.-listed developer of the Barroso lithium project in Portugal, a hard-rock lithium asset targeting European EV and battery markets. Competes with Wolfsberg directly for European offtake agreements and is one of the few European hard-rock lithium developers at a comparable stage.
• Cornish Lithium: U.K.-based lithium developer with hard-rock and geothermal lithium projects in Cornwall, exploring for lithium to supply the U.K. and European battery supply chains. Competes in the same European critical minerals theme that supports Critical Metals' Wolfsberg project, providing alternative non-Chinese lithium sources for OEMs.

Direct peers

• Piedmont Lithium: U.S.-listed lithium developer with hard-rock lithium assets in North Carolina and Quebec and offtake relationships with major OEMs. Direct peer to Critical Metals on the lithium side via the Wolfsberg project, competing for the same European and North American battery-grade lithium supply agreements.
• Lithium Americas: North American lithium developer with the Thacker Pass project in Nevada being developed alongside General Motors. Direct peer competing for OEM-driven lithium offtake and Western battery supply chain positioning.
• MP Materials: The only scaled Western rare earth producer operating the Mountain Pass mine in California, producing rare earth concentrate and oxides. Direct peer as a U.S.-listed rare earth miner competing for the same defense and EV magnet demand that Critical Metals targets, with overlapping offtake and downstream processing strategies.
• Lynas Rare Earths: Australian rare earth miner and the largest non-Chinese producer of separated rare earth oxides, with the Mt Weld mine and Kalgoorlie processing facility. Direct peer competing in the same Western non-Chinese rare earth supply chain for defense and clean energy customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/CriticalMet
• YouTubeyoutube.com/channel/UCCR5KpAVjWpTzs93F6zoP8g
• LinkedInlinkedin.com/company/critical-metals-corp
• Facebookfacebook.com/sizzle.corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries3 records

Funding overview

Funding rounds5 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Critical Metals Corp