- EXIM provides up to $120M LOI loan for a rare earths project.
- Critical Metals leads US-backed Tanbreez development.
- Finance boosts strategic US rare earths supply chains.
Critical Metals Corp. has secured a $120 million loan from the US EXIM Bank for its rare earth project in Greenland, confirmed on June 16, 2025. The company’s Tanbreez project aims to increase rare earth mineral production in southern Greenland.
The secured loan marks a significant effort by the US to reduce reliance on Chinese rare earths. It highlights increased U.S. commitment to alternative supply chains.
Critical Metals Corp. and US EXIM Bank are key players, advancing the Tanbreez project. EXIM’s $120 million non-dilutive loan will fund the project’s technical and economic studies, pre-production activities, and mining operations.
“Based on preliminary information submitted by Critical Metals Corp for the Tanbreez Project, EXIM will consider financing up to $120 million of the project’s costs with a repayment term of 15 years…” — EXIM Bank Statement
Institutions have shown increased interest in $CRML, aligning with US government-backed initiatives. The loan covers significant costs of the $290 million project and is conditioned upon well-capitalized strategic investments.
The focus on rare earths could shift investor interest toward strategic resource investments. This venture underscores the United States’ ongoing efforts to diversify critical minerals supply chains away from China.
Direct impacts on cryptocurrencies remain negligible, with no reported price fluctuations linked to the announcement. Broader market implications could, however, influence sentiment in sectors linked to critical mineral and tech commodity tokens, possibly realigning investor strategies in those areas.
The Tanbreez project could potentially alter the landscape of critical mineral production and influence broader geopolitical strategies aimed at securing rare earth supply in the coming years.
