Critical Metals Corp. (NASDAQ:CRML) shares are moving higher Wednesday after the company launched a major drilling effort at its Tanbreez Rare Earth Project in southern Greenland. Here’s what you need to know.
- Critical Metals stock is showing exceptional strength. Why are CRML shares rallying?
Large‑Scale Drilling Program Begins
Critical Metals announced that its 10,000-meter diamond drilling program is now underway at the Tanbreez site. The company described the start of drilling as a major step forward for the project because the work will feed into resource expansion, geological modeling, mine design and long-term development planning.
In recent weeks, the company finished building the first phase of field infrastructure, which includes housing and operational support needed for the 2026 season. Contractors and field crews have now arrived on site.
Chairman Tony Sage said the launch of the program marks another important advance for Tanbreez. He noted that the data collected from this round of drilling will guide future resource updates and support the broader push toward eventual production.
What Comes Next
Field teams will spend the next several weeks completing ground verification work and marking blast locations tied to site access and early development tasks. These steps help confirm drill collar positions and refine access routes. The company will also continue geological mapping, finalize drill pads, complete collar surveys, conduct environmental and safety checks and expand technical data collection to support future planning.
Initial drilling will focus on mineralized zones identified through earlier exploration, recent technical assessments and updated geological models.
CRML Technical Levels To Watch This Week
Critical Metals is still working beneath its major moving averages, which keeps the intermediate trend in a recovery phase rather than a confirmed upswing. The stock sits 2.1% under the 20-day simple moving average at $10.65, 5% under the 50-day simple moving average at $10.98, 2.8% under the 100-day simple moving average at $10.73 and 1.3% under the 200-day simple moving average at $10.57.
Momentum signals are mixed. MACD remains below its signal line and the histogram is negative, which shows that upward pressure has cooled and that buyers need to maintain strength to shift the short-term tone. When MACD sits under the signal line, it often reflects a market where rallies struggle to extend.
From a broader structural view, the longer trend still reflects the golden cross that formed in April when the 50-day average moved above the 200-day average. Even so, the stock has been uneven since the April swing high and the March swing low. That type of choppy action is common after a large twelve-month run of 284.69%, where strong bursts and sharp pullbacks tend to cluster.
- Key Resistance: $11.00 — This round number sits close to the 50-day zone and has the potential to slow rebounds.
- Key Support: $8.50 — This level marks an area where buyers stepped in previously and would become important if the current bounce loses momentum.
CRML Shares Are Rising
CRML Price Action: Critical Metals shares were up 6.90% at $10.22 at the time of publication on Wednesday, according to Benzinga Pro.
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