This post was originally published on GreenMet
FOR IMMEDIATE RELEASE
Washington, DC – GreenMet announced today a strategic partnership with
Tanbreez, a crucial step in strengthening critical mineral supply chains for North America
and Europe. The Tanbreez Project, located in southern Greenland and owned by Critical
Metals Corp, represents one of the largest untapped heavy rare earths (HREE) deposits
outside China. This partnership also provides significant benefits to the Greenlandic
economy, offering job creation, infrastructure development, and the growth of local
industries.
The Tanbreez Project, with its mix of high-value HREEs, zirconium, and niobium, has an
impressive Preliminary Economic Assessment (PEA) for 2025, projecting a $3.04 billion net
present value (NPV). With over 27% HREE content, Tanbreez is uniquely positioned to serve
U.S. and European markets, supporting next-generation technologies and defense
applications.
Drew Horn, CEO of GreenMet, commented, “We are thrilled to partner with Tanbreez and
Critical Metals Corp to unlock one of the largest rare earth resources outside of China. As
the only shovel ready rare earth project in Greenland, Tanbreez represents a game-changing opportunity for both the Greenlandic economy and the critical minerals supply
chain in North America and Europe.”
The project’s strategic location with deep-water fjord access and proximity to existing
infrastructure ensures efficient transportation of materials. With a mining license granted
through 2050, Tanbreez offers long-term operational stability. Its low-radiation profile and
geopolitical safety make it an attractive source for critical materials in the Western world.
Once operational, Tanbreez is expected to provide a steady supply of rare earth elements
(REEs), particularly for the defense sector and high-tech industries, positioning it as a key
player in the global rare earth supply chain. The partnership will also support the continued development of Greenland’s growing mineral sector, further enhancing its role as a key
global supplier of critical minerals.
Contact:
Sabrina Katz
Email: skatz@greenmet.com
Phone: (202) 525-1744
Website: www.greenmet.com
About GreenMet:
GreenMet serves as a vital American conduit between private capital, government, and critical mineral innovation, uniquely positioned to represent and advance the private sector interests that sustain and strengthen U.S. supply chains for critical minerals, ensuring reliability and continuity from mine to manufacturing. GreenMet’s valuable insights and recommendations guide clients through the complex and ever-changing landscape of critical mineral development. Learn more at greenmet.com.
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