Why Did Critical Metals Stock Just Gain 22.6%?

USA Rare Earth (USAR) rose 7% and MP Materials (MP) climbed 8% as investors focused on U.S. critical-minerals supply chains. MP reported Q2 revenue of $108.5M and adjusted EBITDA of $28.5M. Both companies benefit from federal support to reduce China dependence. Other critical-mineral stocks also gained, reflecting broader sector interest.

Freedom Broker downgraded Critical Metals (CRML) to Hold from Buy and cut its price target to $8.00 from $17.00, citing delays at the Tanbreez project versus the 2025 preliminary economic assessment timeline. CRML trades at $6.84 and is down 35% in six months. The firm adjusted its valuation for higher execution risk.

Critical Metals Corp (Nasdaq: CRML) said its Mrima Earth Limited Consortium, led by the company, was shortlisted as one of three American finalists in Kenya’s tender to develop the Mrima Hill rare earth and niobium project in Kwale County. The release cites combined market cap about $1.5B and cash over $400M, supported by European Lithium (about 31% interest).

Critical Metals Corp. (Nasdaq: CRML) said it has started a planned 10,000-meter diamond drilling campaign at its wholly owned Tanbreez rare earth project in southern Greenland. The company said mobilization and initial infrastructure work are complete and drilling is underway at priority targets, with early activity focused on site verification and drill access. Results are expected to support resource expansion and mine planning.

REalloys (NASDAQ: ALOY) said it signed a Letter of Intent with Patriot Exploration & Mining for priority allocation to up to 30% of production from a 2-billion-ton Appalachian rare earth resource network across 150+ tested sites in the U.S. The feedstock includes neodymium, praseodymium, dysprosium and terbium, supporting U.S. defense supply-chain goals ahead of a 2027 Chinese-origin materials ban.

REalloys (NASDAQ: ALOY) said it has secured access to about 2 billion metric tons of rare-earth-bearing material across 150+ sites in the U.S. Appalachian Basin via a “Patriot” agreement, aiming to reduce reliance on Chinese processing. The company also plans Saskatoon upgrades ($20.6M) to raise NdPr output and double dysprosium/terbium. Separately, it signed a 15-year offtake for 15% of Phase 1 Tanbreez (Greenland) heavy rare earth concentrate.