Critical Metals Corp. (NASDAQ:CRML) saw Clear Street raise its price target to $20 after a joint venture with a Saudi conglomerate. The partnership aims to develop a rare earth processing facility in Greenland, projecting an annual production of ~100,000 metric tons of rare earth element concentrate. This follows a non-binding agreement for a refinery to process ~25% of Tanbreez mine output for the US defense sector. The move highlights Greenland’s mineral wealth and US-China dynamics, positioning CRML in a new Western-aligned supply chain for military technologies.

Critical Metals Corp. operates in Austria and Southern Greenland, exploring lithium and rare earth element deposits. The company is a subsidiary of European Lithium Limited.

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Disclosure: None. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Clear Street Raises Critical Metals (CRML) PT to $20 Following Saudi Arabian JV