Greenland's Rare Earth Dream Advances with Pilot Plant for Tanbreez Project
World
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Moneycontrol•08-01-2026, 13:41
Greenland's Rare Earth Dream Advances with Pilot Plant for Tanbreez Project
- •Critical Metals Corp greenlights a pilot plant and storage facility for its Tanbreez rare earth project in southern Greenland.
- •The facility, expected by May 2026, marks a significant step for one of the world's largest rare earth deposits.
- •The project aims to provide an alternative to China's dominance in rare earth supply, crucial for electric cars, wind turbines, and defense.
- •The pilot plant will test processing methods and serve as a logistics base in the remote Arctic region.
- •Local contractor 60 Degree North Greenland will build the facility, aiming to retain economic benefits locally amidst past mining debates.
Why It Matters: Greenland's Tanbreez rare earth project moves from talk to action with a pilot plant, addressing global critical mineral needs.
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