\n Data tracked by StockTitan Argus<\/a> on the day of publication. \n <\/p>\n
\n Drilling campaign length
\n 10,000 meters
\n
\n 2026 diamond drilling program at Tanbreez Project
\n
\n <\/p>\n
\n Registered resale shares
\n 20,650,260 shares
\n
\n F-3 shelf resale registration filed 2026-05-22
\n
\n <\/p>\n
\n April PIPE shares
\n 5,999,998 shares
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\n Portion of resale registration for April PIPE investors
\n
\n <\/p>\n
\n Rimbal consideration shares
\n 14,500,000 shares
\n
\n Registered for resale, issued to Rimbal
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\n <\/p>\n
\n 60\u00b0 North shares
\n 150,262 shares
\n
\n Registered for resale under the 60\u00b0 North Agreement
\n
\n <\/p>\n
CRML fell 8.78% while peers were mixed: SLI -1.68%, UAMY -3.93%, SGML -2.05% versus NEXA +2.34% and USAS +1.38%, pointing to a stock-specific reaction.<\/p>\n
Pattern Detected<\/p>\n Recent history shows several positive Tanbreez-related updates met with negative price reactions, indicating a pattern of weak follow-through on good news.<\/p>\n Recent Company History<\/p>\n Over the past six weeks, CRML has repeatedly updated investors on Tanbreez and strategic initiatives. A May 21 15-year offtake agreement drew a modest gain, but other news \u2014 including a project acceleration update on Jun 02, hafnium market positioning on May 12, and M&A plus scheme documentation developments in early May \u2014 saw negative reactions. Today\u2019s drilling-campaign launch continues the theme of operational progress alongside share price pressure.<\/p>\n Short Interest<\/p>\n 21.38% of shares outstanding<\/p>\n as of 2026-05-29<\/p>\n Days to cover: 2.01<\/p>\n An active Form F-3 shelf resale filed on 2026-05-22 registers up to 20,650,260 Ordinary Shares for existing holders, from which the company will receive no proceeds. The shelf has seen 0 recorded usages and is scheduled to expire on 2029-05-22.<\/p>\n
“commencement of its planned 10,000-meter diamond drilling campaign at the Company’s”<\/p>\n Diamond drilling is a method that uses a rotating drill with industrial diamonds on the bit to cut and retrieve cylindrical rock samples (cores) that preserve the sequence of underground layers. For investors, these cores act like a geological \u201cbiopsy,\u201d providing direct, verifiable information about mineral presence, grade and continuity\u2014data that underpins resource estimates, project valuation, drilling risk and financing decisions.<\/p>\n
<\/p>\n
“designed to support resource expansion, geological modeling, mine planning, and”<\/p>\n Geological modeling is the process of building a three-dimensional, data-driven picture of what lies beneath the surface\u2014rock layers, mineral deposits, or reservoirs\u2014using measurements from drilling, surveys and samples. For investors it matters because these models turn scattered data into estimates of how much resource exists, how easy or costly it will be to extract, and how risky a project is, much like a blueprint helps judge the value and feasibility of a building project.<\/p>\n
<\/p>\n
“provide additional operational updates as drilling progresses and assay results become”<\/p>\n Assay results are the measured outcomes from laboratory tests that determine how much of a substance is present or how well a drug, vaccine, or product performs. For investors, these results are a snapshot of scientific progress and product quality\u2014like a report card or lab grade\u2014that can affect a company\u2019s regulatory approval odds, market potential, manufacturing consistency, and likely future revenues or risks.<\/p>\n
<\/p>\n
“contains significant concentrations of heavy rare earth elements that are critical”<\/p>\n Rare earth elements are a set of 17 chemical metals used to make powerful magnets, batteries, catalysts and many tiny components inside electronics, renewable energy equipment and defense systems. They matter to investors because they are essential inputs for fast\u2011growing industries, and limited or concentrated supply can drive prices, create production bottlenecks or shift competitive advantage \u2014 like a factory running short of a specialized ingredient that halts output and affects profits.<\/p>\n
<\/p>\n AI-generated analysis. Not financial advice.<\/p>\n
See more from StockTitan in Google Search and AI answers.
NEW YORK, June 17, 2026 (GLOBE NEWSWIRE) — Critical Metals Corp. (Nasdaq: CRML<\/a>) (\u201cCritical Metals Corp\u201d or the \u201cCompany\u201d), a leading critical minerals mining company, today announced the commencement of its planned 10,000-meter diamond drilling campaign at the Company’s wholly owned Tanbreez Rare Earth Project in Southern Greenland.<\/p>\n The drill program represents a significant milestone in the advancement of the Tanbreez Project and is designed to support resource expansion, geological modeling, mine planning, and future development activities across the project area.<\/p>\n Operational Progress and Mobilization Update<\/p>\n Over the past several weeks, the Company has made substantial progress in preparing for the 2026 field season. Construction and commissioning of the initial project infrastructure, including accommodation and operational support facilities, have been completed, supporting both the 2026 drilling program and the continued advancement of the Tanbreez Project toward development.<\/p>\n Drilling contractors and support teams have successfully mobilized to site, with drill rigs arriving and being positioned across priority target areas. Following the completion of equipment inspections, safety reviews, and operational readiness assessments, the Company’s 2026 diamond drilling program is now underway.<\/p>\n Tony Sage, Chairman of CRML<\/a>, commented:<\/p>\n \u201cThe start of our 10,000-meter drilling campaign marks another important step in the advancement of the world-class Tanbreez rare earth Project. Following a successful mobilization effort, drilling is now underway across priority target areas. The information generated from this program is expected to support resource expansion, geological modelling, mine planning and other activities aimed at advancing Tanbreez toward production.\u201d<\/p>\n Figure 1. Diamond drill rig deep hole resource upgrade drilling<\/p>\n Figure 2. 60 Degree North drill crew, CRML<\/a> geologist, and GMO safety officer<\/p>\n Next Two to Three Weeks of Activity<\/p>\n Over the coming two to three weeks, field teams will focus on final ground verification activities and the completion of blast mark-outs associated with planned site access and development works. These activities are designed to validate drill collar locations, optimize access corridors and support the safe and efficient execution of the 2026 drilling program.<\/p>\n The Company will also continue:<\/p>\n Advancing geological mapping and surface verification activities;Finalizing drill pads, access routes and supporting site infrastructure;Completing detailed collar surveys and positioning;Conducting ongoing environmental, health and safety monitoring programs;Expanding geological and technical data collection to support future resource updates, mine planning and project development activities. <\/p>\n Initial drilling will focus on priority mineralized zones identified through historical exploration, recent technical reviews, and geological modeling. The results of the program are expected to support resource expansion, mine planning, infrastructure design and other workstreams associated with advancing Tanbreez toward production.<\/p>\n Figure 3. Eudialyte rare earth rich high grade diamond core at surface with the first meter of drilling<\/p>\n Advancing a Strategic Rare Earth Asset<\/p>\n Tanbreez is one of the world’s largest undeveloped rare earth projects and contains significant concentrations of heavy rare earth elements that are critical to permanent magnets, electric vehicles, defense systems and advanced manufacturing technologies.<\/p>\n The 2026 drilling campaign is expected to generate important geological and engineering data that will support future resource updates, mine planning, feasibility studies and broader project development activities. The program will also further enhance the Company’s understanding of the mineralization and geological characteristics across the project area.<\/p>\n The Company expects to provide additional operational updates as drilling progresses and assay results become available.<\/p>\n Figure 4. Diamond drill rig commencing drilling in the upper fjord resource drill out<\/p>\n About Critical Metals Corp.<\/p>\n Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals, and producing strategic products essential to electrification and next generation technologies for Europe and its western world partners. Its flagship Project, Tanbreez, is one of the world’s largest, rare earth deposits and is located in Southern Greenland. The deposit is expected to have access to key transportation outlets as the area features year-round direct shipping access via deep water fjords that lead directly to the North Atlantic Ocean.<\/p>\n Another key asset is the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure and is expected to be the next major producer of key lithium products to support the European market. Wolfsberg is well positioned with offtake and downstream partners to become a unique and valuable asset in an expanding geostrategic critical metals portfolio.<\/p>\n With this strategic asset portfolio, Critical Metals Corp is positioned to become a reliable and sustainable supplier of critical minerals essential for defense applications, the clean energy transition, and next-generation technologies in the western world.<\/p>\n For more information, please visit https:\/\/www.criticalmetalscorp.com\/<\/a>.<\/p>\n Cautionary Note Regarding Forward Looking Statements<\/p>\n This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d). Forward-looking statements may include expectations of our business and the plans and objectives of management for future operations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, forward-looking statements may be identified by the use of words such as \u201cestimate,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cseek,\u201d \u201ctarget,\u201d \u201cdesigned to\u201d or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.<\/p>\n Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors discussed under the \u201cRisk Factors\u201d section in the Company\u2019s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. These forward-looking statements are based on information available as of the date of this news release, and expectations, forecasts and assumptions as of that date, involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.<\/p>\n Critical Metals Corp.<\/p>\n Investor Relations: ir@criticalmetalscorp.com<\/p>\n Media: pr@criticalmetalscorp.com<\/p>\n Photos accompanying this announcement are available at\u00a0
What is the purpose of the 10,000-meter drilling program at the Tanbreez Rare Earth Project for CRML?<\/p>\n
What activities will CRML focus on at Tanbreez over the next two to three weeks?<\/p>\n
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\n Date
\n Event
\n Sentiment
\n Move
\n Catalyst
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\n Jun 02
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\n Project progress update<\/a>
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\n Positive
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\n -1.3%
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\n Detailed acceleration plan and infrastructure progress at Tanbreez.
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\n May 21
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\n Offtake agreement<\/a>
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\n Positive
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\n +3.6%
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\n 15-year binding offtake for 15% of Tanbreez production with extensions.
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\n May 18
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\n Acquisition agreement<\/a>
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\n Positive
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\n -6.0%
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\n Deal to acquire European Lithium and consolidate Tanbreez ownership and cash.
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\n May 12
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\n Strategic positioning<\/a>
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\n Positive
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\n -2.1%
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\n Outline of hafnium demand growth and Tanbreez\/Romanian refinery potential output.
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\n May 07
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\n Deal process update<\/a>
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\n Negative
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\n -7.8%
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\n Extension of exclusivity period to finalize scheme documentation with EUR.
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\n The stock moved +5.3% in the session following this news. A strong positive reaction aligns with the strategic importance of advancing Tanbreez through a 10,000-meter drilling campaign, building on recent offtake and M&A milestones. Historical news-flow shows mixed price responses, so any outsized upside could reflect renewed risk appetite or short-covering rather than a structural change. Existing resale registrations for over 20.65 million shares and high execution and funding needs around Tanbreez remain key considerations for sustainability.
\n <\/p>\n
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\n diamond drilling
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\n technical
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\n geological modeling
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\n technical
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<\/p>\n
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\n assay results
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\n technical
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\n rare earth elements
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\n technical
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<\/p>\n![\"\"](\"https:\/\/www.stocktitan.net\/img\/icons\/Google_News_icon.svg\"){kind=icon}
<\/p>\n
\n Adds StockTitan as a preferred source \u00b7 opens Google\n <\/p>\n
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\n 06\/17\/2026 – 08:30 AM
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<\/p>\n![\"Diamond](\"https:\/\/www.europesays.com\/dk\/wp-content\/uploads\/2026\/06\/1781882747_395_picture1.jpg\")
<\/p>\n![\"60](\"https:\/\/www.europesays.com\/dk\/wp-content\/uploads\/2026\/06\/1781882748_215_picture2.jpg\")
<\/p>\n![\"Eudialyte](\"https:\/\/www.europesays.com\/dk\/wp-content\/uploads\/2026\/06\/1781882749_852_picture3.jpg\")
<\/p>\n![\"Diamond](\"https:\/\/www.europesays.com\/dk\/wp-content\/uploads\/2026\/06\/1781882750_433_picture4.jpg\")
<\/p>\n
https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/92baddc3-f772-4fd7-97b2-a90e05f782fe<\/a>
https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/30bee61b-99a1-4440-b1d5-ee12ed0f32bb<\/a>
https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/c5834110-87c4-41ee-a885-305fcee2da1a<\/a>
https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/f064c721-755c-4b5d-9266-249bbaae3a0f<\/a><\/p>\n![\"\"](\"https:\/\/www.europesays.com\/dk\/wp-content\/uploads\/2026\/06\/1781882751_920_ti.gif\"\/)
![\"\"](\"https:\/\/www.europesays.com\/dk\/wp-content\/uploads\/2026\/06\/1781882751_193_Critical-Metals-Corp.png\")
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\n FAQ
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\n The Tanbreez drilling program is intended to generate geological and engineering data to guide resource expansion, mine planning, and feasibility work. According to the company, results should support future resource updates, infrastructure design, and other workstreams for advancing Tanbreez toward potential production.
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\n Critical Metals plans ground verification, blast mark-outs, and optimization of access corridors at Tanbreez over the next weeks. According to the company, teams will also finalize drill pads, collar surveys, mapping, and environmental, health and safety monitoring to support safe, efficient execution of the drilling program.
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