Critical Metals Corp. (Nasdaq:CRML) announced today that Tanbreez Mining Greenland A/S has hit 70% completion on the final stages of the bankable feasibility study (BFS) for a 500,000tpa mining and processing operation at the Tanbreez Rare Earth Project in Greenland.
The BFS is being led by Danish engineering firm NIRAS A/S and remains on track for submission in Q4 2025. The final phase of the BFS includes: completion of mine design and process plant engineering, tailings management and water treatment strategies, integration of environmental and regulatory inputs, and preparation of documentation for submission to Greenland’s mineral licence and safety authority (MLSA).
Once the BFS is complete, it will help to form the main component of the exploitation licence documentation for Tanbreez. This will be submitted to Greenland’s MLSA, in accordance with the Greenlandic Mineral Resources Act and the specific terms of the granted exploitation licnce MIN 2020-54.
Critical Metals Corp. has also confirmed that environmental fieldwork for the 2025 baseline sampling programme has been completed. This programme was also coordinated by NIRAS and was designed to close spatial and seasonal gaps in the existing baseline data. The environmental fieldwork supports and reinforces the company’s commitment to responsible development.
Tony Sage, Executive Chairman of Critical Metals Corp. commented, “The progress on the final BFS engineering and the completion of the 868 baseline sampling program represent a major milestone in unlocking the full potential of the Tanbreez Rare Earth Project. Our partnership with NIRAS ensures that both technical and environmental aspects are being addressed to the highest standards, reinforcing our commitment to responsible development.”
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