Changes in US stocks | Critical Metals (CRML.US) rose nearly 5% before the market, the board of directors approved the construction of a pilot plant for the Greenland rare earth project

The Zhitong Finance App learned that on Wednesday, the pre-market stock price of Critical Metals (CRML.US) rose. As of press release, the stock had risen nearly 5% to $12.39. According to the news, the company's board of directors has officially approved the commencement of construction of a multi-purpose facility in Qaqortoq that meets Arctic environmental standards, including storage, accommodation, and a rare earth pilot plant to accelerate its Tanbreez rare earth project in Greenland.

The company has clarified the project node schedule. Part of the pilot plant is expected to be put into use no later than May 2026, providing key support for subsequent process verification and large-scale development.

Meanwhile, Critical Metals also purchased a company employee dormitory property in Qaqortoq and used it as a local office and operations center. This move is seen as an important step for the company to strengthen its localization layout and enhance on-site execution capabilities. It also reflects its commitment to long-term operation and project implementation in Greenland.

Market participants pointed out that as global attention to the safety and diversification of the supply of rare earth resources continues to rise, Critical Metals is promoting pilot facilities and infrastructure in Greenland, which is expected to reduce project promotion risks, speed up the technology verification process, and lay the foundation for subsequent commercial development.