Critical Metals Corp. (Nasdaq: CRML) has announced the appointment of Thomas “TYT” Mogensen as chief executive officer of Tanbreez Mining Greenland A/S, strengthening leadership at its flagship rare earth project as it advances through the development phase in southern Greenland.
Critical Metals, which holds a 92.5% ownership interest in Tanbreez, stated that the appointment follows a series of recent ownership, metallurgical and operational milestones, positioning the company to accelerate development of one of the world’s largest undeveloped heavy rare earth deposits.
Mr Mogensen brings more than 20 years of senior leadership experience across finance, infrastructure, natural resources and business development, with deep expertise in Greenland and the broader Nordic region. He has a strong track record in operational improvement, financial turnaround execution and delivery of complex, large‑scale projects.
Most recently, Mr Mogensen served as managing director of Nalik Ventures A/S, the Greenlandic self‑government’s business development company. During his tenure, he led a comprehensive organisational turnaround, implementing a new strategic direction, optimising operations and overseeing the merger of the parent entity with two subsidiaries. Under his leadership, Nalik Ventures improved financial performance from a DKK 88M loss to a DKK 28M profit.
Prior to Nalik Ventures, Mr Mogensen worked as an independent consultant specialising in strategic financial management and business analysis for companies and municipalities. He has also held senior leadership roles including business director at BankNordic, where he significantly expanded market share in Greenland’s business segment, and CEO of NIRAS Greenland, where he oversaw infrastructure and environmental project delivery and grew turnover by approximately 200%.
Earlier in his career, Mr Mogensen held key positions at Greenland Development A/S, contributing to major industrial initiatives such as the Maniitsoq aluminium smelter project, and at Royal Arctic Line A/S, where he implemented advanced financial management systems.
Tony Sage, chairman of Critical Metals Corp., commented, “Mogensen’s extensive experience in Greenland’s business environment, combined with his proven ability to deliver strong financial and operational results, makes him the ideal leader to guide Tanbreez through the development stage of our world‑class rare earth project, particularly given the value of his commercial and governmental experience in Greenland in driving this next phase forward.”
Mr Mogensen commented, “I am honoured to join Tanbreez at such an important time in its development. With the strong backing of Critical Metals Corp., Tanbreez holds a unique asset of global significance, and I look forward to working with the team, stakeholders and partners to unlock its full potential in a responsible and sustainable manner.”
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