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Critical Metals Doubles Greenland Stake, Rick Perry's New IPO, And Lithium Americas' Deal With The DoE

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Critical Metals Majorly Boosts Ownership Stake In Greenland Rare Earth Project

Critical Metals (NASDAQ: CRML) increased their ownership in their flagship rare earth property the Tanbreez Project located in Greenland to 92.5%. The Tanbreez Project is one of the world’s single largest rare earth resources that is independent from China and previously made major waves when it was the focus of a letter of interest from the Export-Import Bank of the United States for a $120 million loan.

Rick Perry's Data Centre REIT IPOs On The Nasdaq

Fermi (NASDAQ: FRMI), a data centre real estate investment trust company co-founded by former United States Energy Secretary Rick Perry, raised $682.5 million in their IPO financing round and began trading on the Nasdaq. Fermi is developing a massive data centre campus known as Project Matador in Armadillo, Texas.

Lithium Americas Reaches New Deal With Department of Energy For Funding Thacker Pass

Lithium Americas (NYSE: LAC) and General Motors (NYSE: GM) reached an agreement with the United States Department of Energy for an initial funding tranche of $425 million for advancing the Thacker Pass lithium project located in Nevada. General Motors previously secured the rights to purchase all of the lithium produced at the Thacker Pass project from Phase 1 of operations as well as direct ownership in the project through their strategic investment of more than half a billion dollars into Lithium Americas.

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