Critical Metals Stock Climbs After Breakthrough Tanbreez Rare Earth Results
Critical Metals Corp. (NASDAQ: CRML ) shares are trading higher Wednesday after the company announced breakthrough results from its Tanbreez heavy rare earth project, including greater than 99% dissolution of eudialyte concentrate into 19 ultra-high-purity rare earth products. Critical Metals stock is surging to new heights today. Why is CRML stock up today? Critical Metals Refinery Study Projects $4.5B NPV, 55% IRR Critical Metals said a refinery study for its proposed Romanian joint venture facility projects annual revenue of approximately $2.2 billion before operating costs, taxes, and capital recovery, with a preliminary capital expenditure estimate of $1.85 billion. Current modeling indicates an NPV10 of approximately $4.5 billion, an IRR of approximately 55%, and a projected payback period of about two years. The refinery, designed to process up to 100,000 tons per year of eudialyte concentrate, incorporates three key process innovations: multistage mixed-acid reactor additions to prevent silica gel formation, complete silica recovery designed to produce high-purity silicon dioxide powder while cutting fresh acid consumption by roughly 85%, and vacuum freeze-drying of all 19
Critical Metals Corp. (NASDAQ: CRML ) shares are trading higher Wednesday after the company announced breakthrough results from its Tanbreez heavy rare earth project, including greater than 99% dissolution of eudialyte concentrate into 19 ultra-high-purity rare earth products. Critical Metals stock is surging to new heights today. Why is CRML stock up today?
85 billion. 5 billion, an IRR of approximately 55%, and a projected payback period of about two years. The refinery, designed to process up to 100,000 tons per year of eudialyte concentrate, incorporates three key process innovations: multistage mixed-acid reactor additions to prevent silica gel formation, complete silica recovery designed to produce high-purity silicon dioxide powder while cutting fresh acid consumption by roughly 85%, and vacuum freeze-drying of all 19 chloride salts to produce ultra-low-moisture powders.
The company projects the silica by-product alone could generate approximately $600 million in annual revenue, with the broader silicate recovery system contributing $400 million to $600 million per year in combined value. The refinery is planned for Romania, an EU and NATO member state, which Critical Metals said supports a secure Western supply chain for materials shipped from its Tanbreez project in Greenland. “This represents a significant evolution in the Tanbreez value proposition and reinforces our commitment to a true mine-to-metals strategy,” said Tony Sage, Executive Chairman and CEO of Critical Metals Corp.
“We believe this integrated approach has the potential to establish Critical Metals Corp. S. 65, according to data Pro. Image via Shutterstock