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US Bank Eyes $120M Loan for Greenland Rare Earths Mine

6/16/2025

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Summary

Story summary

Critical Metals is one step closer to realizing its ambitious Tanbreez rare earths mine in Greenland, with the US Export-Import Bank expressing interest in a $120 million loan. This $290 million project, set to kick off production by 2026, could significantly lessen America's dependence on China for vital minerals, a crucial move amid rising trade tensions.

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Story summary

Critical Metals is one step closer to realizing its ambitious Tanbreez rare earths mine in Greenland, with the US Export-Import Bank expressing interest in a $120 million loan. This $290 million project, set to kick off production by 2026, could significantly lessen America's dependence on China for vital minerals, a crucial move amid rising trade tensions.