Critical Metals
Develops Tanbreez rare earths in Greenland and Wolfsberg lithium in Austria.
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Profile
Develops a pre-production critical-minerals portfolio centered on Tanbreez rare earths in Greenland and Wolfsberg lithium in Austria. Current work is still exploration and evaluation, with commercialization dependent on permitting conditions, financing, project execution, and offtake arrangements.
Develops critical-minerals projects rather than selling mined output today. The portfolio is led by Tanbreez, a heavy rare earth project in Southern Greenland with North Atlantic access, and Wolfsberg, a hard-rock lithium project in Carinthia, Austria.
Came to Nasdaq through a 2024 SPAC combination built around Wolfsberg, then added Tanbreez as the larger strategic focus after later ownership closings. Commercial activity centers on preparing future rare earth concentrate and lithium hydroxide supply for Western industrial, defense, battery, and technology chains.
Execution depends on moving exploration and evaluation assets into commercial production. Project financing, permitting conditions, definitive development work, product qualification, and offtake conversion shape the business until Tanbreez and Wolfsberg begin mineral extraction.
Company facts
Key statistics
Year to date −12.2% · Average volume (30d) 7.4M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Mar 13, 2026Q2 FY26 | −$0.06 | −$0.09 | −41.7% | $112.9K | — | — | +0.88% |
| Oct 4, 2025Q4 FY25 | — | −$0.19 | — | — | $100.4K | — | +45.24% |
| Mar 31, 2025Q2 FY25 | — | −$0.19 | — | — | $100.4K | — | +2.16% |
| Mar 19, 2025Q2 FY25 | — | −$0.08 | — | — | $179.9K | — | −1.61% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $179.9K | $179.9K | $100.4K | $100.4K | $283.9K | $283.9K | |
| Gross profit | $179.9K | $179.9K | $100.4K | $100.4K | $283.9K | $283.9K | |
| Operating income | −$10.7M | −$10.7M | −$13.1M | −$13.1M | −$12.8M | −$12.8M | |
| Net income | −$7.2M | −$7.2M | −$18.7M | −$18.7M | −$60.2M | −$60.2M | |
| Diluted EPS | −$0.08 | −$0.08 | −$0.19 | −$0.19 | −$0.53 | −$0.53 | |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Operating margin | -5,919.4% | -5,919.4% | -13,025.2% | -13,025.2% | -4,507.5% | -4,507.5% |
Fiscal years (4-quarter sums)FY23 $0 · FY24 $117.9K · FY25 $560.6K
Balance sheet, Dec 31, 2025Cash & short-term investments $80.9M · Total debt $20.3K · Total assets $267.3M · Shareholders' equity $143.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 146.89M · Float 68.16M · 46.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| European Lithium Limited | 45.54M | 37.30% | 13D | Feb 5, 2026 |
| Rimbal Pty Ltd. | 14.51M | 11.50% | 13D | May 6, 2026 |
| Alyeska Investment Group, L.P. | 10.19M | 8.07% | 13G | May 15, 2026 |
| Antony William Paul Sage · director, officer: Chief Executive Officer | 6.20M | 4.22% | Form 4 | Mar 18, 2026 |
| BlackRock, Inc. | 4.52M | 3.08% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 24, 2026 | Mykhailo Zhernov | director | −25,000 | $8.04 |
| Mar 23, 2026 | Mykhailo Zhernov | director | −25,000 | $8.07 |
Peers
- MP Materials
U.S. rare-earth mine-to-magnet incumbent
- Albemarle
Global lithium chemicals incumbent
- Energy Fuels
U.S. rare-earth oxide and heavy-mineral-sands peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Critical Metals | $7.27 | +1.92% | $1.05B | — | — | 1,360.8 | −44.2% |
| MP Materials | $56.28 | +0.23% | $9.99B | — | 173.8 | 32.7 | +89.0% |
| Albemarle | $137.96 | +0.45% | $16.20B | — | 13.9 | 2.7 | +31.1% |
| Energy Fuels | $14.69 | +0.14% | $3.67B | — | — | 34.7 | +496.1% |
| Median | — | 93.9 | 32.7 | +89.0% |