Following the announcement of a major milestone in its exploration strategy, trading activity for Critical Metals Corp. (NASDAQ: CRML) significantly increased. According to the most recent trade data, CRML shares increased 18.29% to $3.53. This increase coincides with the company’s fiscal 2025 campaign, which began with the start of a 2000-meter diamond drilling program at the Tanbreez Rare Earth Project in Greenland.
Expansion of Resource Base Underway
The new drilling campaign is a strategic step aimed at increasing the current Mineral Resource Estimate (MRE) and progressing toward a Bankable Feasibility Study (BFS). A recently installed drilling rig is expected to bolster Critical Metals’ ability to define a more extensive resource.
With an indicated resource of 8.76 million tonnes (Mt) and an inferred resource of 13.8 Mt, the Fjord Eudialyte Deposit now has a total of 22.56 Mt. With eudialyte making up 30% to 40% of the core, the first drill hole, K25-01, has already reached around 60 meters and intersects mineralized kakortokite rock.
Geological and Operational Advances
The goal of the drilling will be to follow the host rock’s orientation from northeast to southwest and extend the known resource eastward by around 700 meters over a 650-meter strike length.
Drilling depths are planned between 80 and 250 meters to accommodate different topographical situations. The program is being executed by 60 North Greenland, a seasoned local drilling contractor, in collaboration with leading rare earth geologists.
Toward Feasibility and Production
The full exploration team, alongside the Definitive Feasibility Study (DFS) personnel, is actively conducting fieldwork. Data from the 2024 and 2025 campaigns will support Critical Metals’ plans to finalize the BFS.
These findings will also contribute to the required documentation for Greenlandic regulators and financing entities such as the Export-Import Bank of the United States (EXIM). Critical Metals (CRML) remains committed to completing its final reports by the fourth quarter of 2025.
