Critical Metals Corp (CRML) shares jumped more than 32% Wednesday afternoon after the company dropped some genuinely compelling drilling results from its Tanbreez rare earths project in Greenland. And when you dig into the numbers, it's easy to see why traders got excited.

What the Drilling Actually Found

The new core data revealed intervals grading 0.40%–0.47% total rare earth oxides plus yttrium, with heavy rare earths making up roughly 26%–27% of the mix across multiple holes in the Fjord and Upper Fjord zones. That might sound technical, but here's what matters: these grades start near the surface, stay consistent laterally over almost a kilometer, and remain open along strike and at depth. Translation? The resource appears bigger and more mineable than the company's earlier models suggested.

But wait, there's more. The drilling also confirmed economically meaningful levels of valuable by-products, including around 100 ppm gallium and 300 ppm hafnium, alongside niobium, tantalum, zirconium, and cerium. This transforms Tanbreez from a single-commodity bet into a multi-revenue-stream operation that isn't entirely dependent on rare earth prices behaving themselves.

Why This Changes the Investment Math

Management indicated these results will feed into a revised mineral resource estimate and pre-development pit optimization studies. Those might sound like bureaucratic milestones, but they're actually critical de-risking steps that move the project closer to financing and eventual construction. Investors pay attention to these things because they signal progress from "interesting geology" to "potentially profitable mine."

Tanbreez was already considered one of the world's largest rare earth deposits, and it sits in Greenland, which Western supply chains view as geopolitically preferable to certain other jurisdictions. Now there's evidence the ore body is bigger, richer, and simpler to mine than previously thought. That combination is leading traders to recalculate Critical Metals'} long-term cash flow potential and bid the stock considerably higher.

The momentum is real: CRML carries an exceptionally strong Momentum score of 97.46, reflecting powerful upside price action across short-, medium-, and long-term trends.

Price Action: Critical Metals shares were trading up 32.10% at $17.87 at the time of publication Wednesday.