Overview
- 2025 core assays from the Fjord and Upper Fjord zones reported 0.40%–0.47% total rare earth oxides plus yttrium, with heavy rare earths comprising roughly 26%–27%.
- The reported mineralization begins near surface, remains open along strike and at depth, and appears laterally consistent for nearly a kilometer.
- Drilling also identified potentially valuable by‑products, including about 100 ppm gallium and 300 ppm hafnium, along with niobium, tantalum, zirconium and cerium.
- Shares of Critical Metals jumped roughly 32% intraday to about $17.9 on Wednesday, with Benzinga citing an exceptionally strong Momentum score.
- The company says the new data will be incorporated into an updated mineral resource and pre‑development pit studies that investors view as key de‑risking steps.