Why Critical Metals Corp Stock Was Up As Much As 100% This Week

The company is working on rare-earth metals in Greenland.Shares of Critical Metals Corp (CRML +11.21%) jumped over 100% at one point this week, according to data from S&P Global Market Intelligence. The rare earth mining company received a barrage of positive news regarding its plots in Greenland, along with the United States' involvement in attempting to acquire the island territory. Shares of Critical Metals stock are up close to 500% in the last six months. Here's why shares were soaring again, and whether it is a buy right now. ExpandNASDAQ: CRMLCritical MetalsToday's Change(11.21%) $1.51Current Price$14.98Key Data PointsMarket Cap$1.6BDay's Range$13.71 - $16.2652wk Range$1.23 - $32.15Volume897KAvg Vol16M Mining approval, Greenland intervention This week, Critical Metals received approval to construct a pilot plant for its rare earth mine in Greenland. Although the mine is still far from being operational, investors took this as a positive step for the business, as it will soon be operational. Perhaps more important is the United States' strategic claims on Greenland, with a potential purchase of the territory from Denmark. If it does end up controlling the territory, there would likely be more of a green light for Critical Metals to begin mining, as the goal for the United States is to reduce its reliance on China for rare-earth metal production. Critical Metals has already signed deals with Western customers seeking to diversify away from Chinese supplies, although it should be noted that the Greenland mines aren't set to begin operations until 2027. Once operational, Critical Metals believes it will have enough product for tens of billions of dollars in metals sales, although this will take decades to materialize. Investors are bidding up the stock this week because if the United States gets involved, it may accelerate the timeline for the rare earth mine in Greenland. Advertisement Image source: Getty Images. Should you buy Critical Metals stock? Rare earths are a vital industry that will continue to receive significant investments from the United States. With a market cap of just $1.8 billion, it is entirely plausible that Critical Metals' stock will be higher in a few years if it can successfully operationalize its mines and generate profits. Still, investors today should note that the company is pre-revenue, has a lot of investments and approvals to make, and operates in a geopolitically uncertain industry. There are several risks associated with this stock, so it should not be your entire portfolio if you decide to buy. Read NextJan 7, 2026 •By Scott LevineWhy Shares of Critical Metals Are Soaring TodayDec 15, 2025 •By Rich SmithWhy Critical Metals Stock Dropped TodayDec 12, 2025 •By Neha ChamariaWhy This Intriguing Rare Earth Stock Slumped Over 10% This WeekAbout the AuthorBrett Schafer is a contributing Motley Fool stock market analyst covering consumer goods, financials, technology, and industrials. Brett is a self-taught investor and has hosted the Chit Chat Stocks podcast since 2018. He previously worked as a lab engineer for science laboratories. He holds a bachelor’s degree in mechanical engineering with minors in finance and mathematics from Washington State University. His lab work on Major League Baseball’s juiced ball problem was featured in The Wall Street Journal and other national outlets.TMFBrettSchaferX@CCM_BrettStocks MentionedCritical MetalsNASDAQ: CRML$14.98 (+0.11%) $+1.51*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.Advertisement