US Critical Metals

Critical Metals Corp has appointed Rear Admiral (ret.) Peter Stamatopoulos to its advisory board; he will focus on the navy, global supply chains and the defence industry. Stamatopoulos served as head of the U.S. Navy Supply Corps and brings more than 35 years of logistics and leadership experience. The company also secured a $35 million PIPE financing and plans to issue 5 million common shares plus warrants for an additional 10 million shares at $7.00. Critical Metals signed a letter of intent with REalloys for up to 15% of the annual rare earth concentrate production from the Tanbreez project and has already committed 25% of production to U.S. customers; the stock jumped after reports of state involvement were later denied by the White House. » More on de.investing.com

After milder remarks by US President Donald Trump on the trade dispute with China, Critical Metals fell around 30 percent after the stock had previously surged. MP Materials and Energy Fuels also dropped sharply but remain up on the week and year. Experts view the correction as overdue after the strong rally in rare earths. » More on deraktionaer.de

Shares of Critical Metals fell after the White House dismissed reports that the Trump administration was considering a stake in the rare-earths company. Earlier, a Reuters report and news of a new institutional investor had driven the share price up by more than 100%. A White House spokesman stressed that no specific deal with Critical Metals was being discussed, although there is ongoing engagement with the private sector. Critical Metals is involved in the largest rare-earths project in Greenland and is therefore considered strategically important for high-tech and defense applications. » More on de.investing.com