Critical Minerals Corporation (CRML +18.55%) went up today. Twelve and a half percent, as of a little after two o’clock. The rest of the market was mostly falling, which is the way things often go. So it goes.
They dig for rare earths and lithium, mostly in Greenland. And the Department of the Interior announced they’re expanding something called “Project Vault.” It’s a stockpile, you see. For national defense. And, apparently, to keep American businesses from panicking if the supply of shiny things gets cut off. A sensible idea, I suppose. Though history suggests sensible ideas rarely win.
A Company and an Island
Critical Minerals is owned by a European company, European Lithium Limited. They’ve got projects in Austria, and a bigger one in Greenland. Greenland is a large place, mostly ice. And under that ice, they hope to find things people want. It’s a familiar story, isn’t it? Digging things up. Hoping for the best.
Project Vault is the reason the stock went up today. The idea is to stockpile over fifty “critical minerals.” Rare earths, lithium, all that. The U.S. government might buy some of what Critical Minerals digs up, eventually. Or it might not. It’s hard to say. Governments are like clouds. They shift and change shape.
More demand, though, even a little bit, will likely push prices up. That’s the theory, anyway. It’s a simple equation, really. Want more than supply. Prices go up. It’s a comfort, in a bleak sort of way. A small, predictable thing in a world of chaos.
Highly Speculative, Naturally
Here’s the thing. Critical Minerals isn’t actually making anything yet. They’re digging, planning, hoping. The mines aren’t scheduled to start producing until 2028. That’s a long time. A lot can happen. So it goes.
This stock goes up and down on news about government projects and the political situation in Greenland. It’s a bit of a gamble. I’d suggest looking at companies that are actually producing something, or at least have mines that are closer to opening. Or, better yet, just buy a nice book. It’ll probably be a better investment, and certainly more comforting.
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2026-02-03 23:22