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Critical Mining Completes Initial Investment for Tanbreez Acquisition
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Critical Mining Completes Initial Investment for Tanbreez Acquisition
Jun 18, 2024 6:34 AM

09:02 AM EDT, 06/18/2024 (MT Newswires) -- Critical Metals (CRML) said Tuesday that it has completed its initial investment as part of its plan to acquire Tanbreez, a rare-earth asset.

In exchange for 5.55% of Tanbreez, Critical Metals has made an initial investment of $5 million to Rimbal, a company controlled by Gregory Barnes, who owns the Tanbreez project, Critical Metals said.

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