Critical Metals seeks full control of heavy rare earths Tanbreez project in $835m deal

From miningweekly.com

Nasdaq-listed Critical Metals Corporation has signed a letter of intent to acquire all the outstanding shares of ASX-listed European Lithium in a deal valued at $835-million. The deal will afford Critical Metals 100% ownership of the Tanbreez rare earths project, in Greenland, up from its current 92.5% stake, should Critical Metals proceed in taking over European Lithium’s 7.5% stake in the project. Critical Metals currently holds a market capitalisation of $1.45-billion and has seen its stock prices rise by 638% over the past year. Under the proposed transaction, European Lithium shareholders will receive 0.035 ... (full story)