On January 29, 2026, Nexus 20 announced the sale of its interest in the Tanbreez project to Critical Metals Corp. The transaction involves the transfer of ownership rights related to the project located in Greenland. Financial terms of the deal were not disclosed.
Critical Metals Corp will assume full responsibility for the development and exploration activities at Tanbreez following the acquisition. Nexus 20 will no longer hold any stake in the project.
**Why this matters**
The Tanbreez project is a significant source of critical metals, which are essential for various high-tech and clean energy applications. This sale may impact the strategic positioning of both companies in the critical metals sector and could influence future exploration and production efforts in Greenland.
Source: News Source