Critical Metals controls 92.5% of the Tanbreez project, operates a pilot plant in Qaqortoq starting May 2026, and targets first concentrate export in 2029. China currently holds about 70% of the world’s rare earth refining.
The Tanbreez project, in Greenland, at the southern tip of the world’s largest island, has received the green light to begin pilot plant operations.
Indeed, the information was disclosed by Critical Metals Corp (Nasdaq CRML), which controls 92.5% of the venture.
According to the official release, the Qaqortoq plant will begin operations in May 2026. The work follows a turn-key contract that includes engineering, licensing, logistics, construction, and commissioning.
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According to the bulletin, the facility was designed specifically for the Arctic climate. Critical Metals also purchased a residence in Qaqortoq to serve as a local office and operational base.
