Having ended the last two market sessions at lower levels than they had on the preceding days, Critical Metals (CRML +32.32%) is poised to buck the trend and lock in a gain for today. The rare-earth mining company reported encouraging drilling results from its Tanbreez project in Greenland, and investors are celebrating the news.
As of 2:55 p.m. ET, shares of Critical Metals are up 33.4%.
Image source: Getty Images.
High grades of rare-earth elements exist at this high-interest project
Critical Metals announced today the first assay results from its 2025 drilling program at the Tanbreez Rare-Earth Project located in Greenland.
NASDAQ: CRML
Key Data Points
In addition to finding total rare-earth oxide and yttrium grades ranging from 0.40% to 0.47%, with heavy rare-earth oxides representing approximately 26% to 27% of the total rare-earth oxides and yttrium, the company reported that the assay results suggest potential for further resource expansion.
Mining companies use drilling programs to assess the mineralization of their resources, which helps inform their decisions regarding the development of these assets.
Critical Metals recently announced that it had approved the development of pilot-plant facilities at the Tanbreez project. Phase 1 of the facility is scheduled to be available for use by May 2026.
Potential investors should dig further into this mining stock before starting a position
Unsurprisingly, shares of Critical Metals are flying higher today, considering how the market has paid close attention to rare-earth mining stocks over the past year. At this point, however, it's essential to acknowledge that the Tanbreez project will not commence operations for some time -- if it achieves the operational phase of its development at all. Therefore, the stock should only remain a consideration for those comfortable with high-risk investments.
