Critical Metals Corp (Nasdaq: CRML) is preparing to become Europe’s first spodumene producer after it recently received environmental approvals for its Wolfsberg lithium project in Austria, CEO Tony Sage says.
To avoid focusing on just one asset, the company last year bought the Tanbreez rare earths project in Greenland, one of the world’s largest hard rock deposits of the rare metals.
“Geopolitics is one of the main reasons I got into rare earths,” Sage said in an interview last month at the annual Prospectors and Developers Association of Canada convention in Toronto. “[With the tariff situation], it’s had a reaction from China straight away. Our asset in Greenland is now very valuable, because the flow of those minerals will now come to the west.”
After the company closed a US$22.5 million financing in February, it plans to split the cash between building roads to the mine in Greenland and for developing land at Wolfsberg to build a concentrator plant.
Watch the full chat below with The Northern Miner’s western editor, Henry Lazenby:
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