7 stories mentioning CRML
Every FINWIRES story that references CRML, newest first.
Critical Metals (CRML) said Tuesday it has received formal approval from the government of Greenland to proceed with its acquisition of 70% of 60 Degrees North Greenland ApS, a provider of construction, logistics, drilling, and project development services.Price: $13.57, Change: $+0.66, Percent Change: +5.11%
Critical Metals Gets Greenland Approval for 70% Acquisition of 60 Degrees North ApS
Critical Metals (CRML) said Tuesday it launched a private placement of nearly 6 million common shares at $10 apiece for gross proceeds of $60 million.The offering is expected to close on Wednesday, according to a statement.Net proceeds will be used for working capital, including the development of the Tanbreez project, the company said.Price: $11.26, Change: $-0.68, Percent Change: -5.70%
(Updates with the latest stock move in the headline and the first paragraph.)Critical Metals (CRML) shares were up 38.5% in Friday trading after the Government of Greenland has approved the transfer of the remaining 50.5% stake in Tanbreez Mining Greenland, increasing the company's ownership to 92.5%.The company said the transaction consolidates its controlling interest in the Tanbreez rare earth project, with European Lithium retaining a 7.5% stake.Tanbreez, located in Southern Greenland, is endowed with all eight critical heavy rare earth elements, Critical Metals said.Price: $12.84, Change: $+3.57, Percent Change: +38.51%
Energy stocks were sharply lower Friday afternoon, with the NYSE Energy Sector Index dropping 4.4% and the State Street Energy Select Sector SPDR ETF (XLE) falling 3.4%.The Philadelphia Oil Service Sector Index shed 0.6%, and the Dow Jones US Utilities Index was down 0.7%.In sector news, oil prices plunged Friday as Iran's foreign minister said the Strait of Hormuz is "completely open" following a ceasefire in Lebanon. "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire," Iran's Foreign Minister Seyed Abbas Araghchi said Friday in a post on the X platform.Front-month West Texas Intermediate crude oil slumped 12% to $83.24 a barrel, and the global benchmark Brent crude contract dropped 10% to $89.24 a barrel. Henry Hub natural gas futures rose 1.8% to $2.69 per 1 million BTU.In corporate news, an Astana court upheld a 2.356 trillion tenge ($5 billion) environmental fine against North Caspian Operating Co., the operator of Kazakhstan's Kashagan oil field, whose shareholders include Exxon Mobil (XOM), Shell (SHEL), TotalEnergies (TTE), and Eni (E), among others, Bloomberg reported. Exxon shares fell 4.7%, Shell dropped 5.1%, TotalEnergies shed 4.9%, and Eni fell 7.2%.Petrobras (PBR) said Friday it signed an agreement with Oranto Petroleum to buy a 75% working interest and assume operatorship of Block 3, an offshore exploration site in Sao Tome and Principe. Petrobras shares were down 5.6%.Critical Metals (CRML) shares surged 36% after it said Friday that the Government of Greenland has approved the transfer of the remaining 50.5% stake in Tanbreez Mining Greenland, increasing the company's ownership to 92.5%.
Critical Metals (CRML) said Friday that the Government of Greenland has approved the transfer of the remaining 50.5% stake in Tanbreez Mining Greenland, increasing the company's ownership to 92.5%.Shares surged 35% as intraday trading volume soared to over 57.2 million from a daily average of about 12.5 million.B. Riley raised its price target for Bandwidth's (BAND) shares to $27 from $20 while keeping the stock's buy rating.Shares jumped 9%, with intraday trading volume at over 333,000, compared with a daily average of about 410,000.Psyence Biomedical (PBM) acknowledged recent reports saying that the US administration is preparing an executive order to further evaluate the safety and therapeutic potential of ibogaine, a naturally occurring compound being studied for its potential in treating post-traumatic stress disorder, addiction, and other serious neurological and mental health conditions.Through its investment in PsyLabs, Psyence has established a position in the manufacturing of ibogaine and ibogaine derivatives, it said.Shares soared 41% as intraday trading volume advanced to over 37.6 million from a daily average of roughly 1.06 million.Price: $12.60, Change: $+3.33, Percent Change: +35.93%
Critical Metals (CRML) said Friday that the Government of Greenland has approved the transfer of the remaining 50.5% stake in Tanbreez Mining Greenland, increasing the company's ownership to 92.5%.The company said the transaction consolidates its controlling interest in the Tanbreez rare earth project, with European Lithium retaining a 7.5% stake.Tanbreez, located in Southern Greenland, is endowed with all eight critical heavy rare earth elements, Critical Metals said.Shares of Critical Metals rose 22% in Friday premarket trading.Price: $11.31, Change: $+2.04, Percent Change: +22.01%