The South Greenland project remains licensed to Tanbreez Mining Greenland A/S, while control behind the company shifts from Rimbal Pty Ltd to Critical Metals Corp.
Naalakkersuisut has approved the indirect transfer of the Tanbreez exploitation license at Killavaat Alannguat in South Greenland. As first reported Friday by Sermitsiaq’s Trine Juncher Jørgensen, the approval covers exploitation license MIN 2020-54 for certain minerals held by Tanbreez Mining Greenland A/S.
The government’s press release makes clear that this is an indirect transfer, meaning the license itself does not move to a new company. Instead, the ownership and controlling influence behind the Greenlandic rights holder changes. Tanbreez Mining Greenland A/S remains the formal license holder, while Critical Metals Corp. replaces Rimbal Pty Ltd as the controlling party behind the project.
In a company statement released after Naalakkersuisut’s approval, Critical Metals said the decision approved the transfer of the remaining 50.5% interest in Tanbreez Mining Greenland A/S, taking its total ownership to 92.5%. The company said European Lithium will retain the remaining 7.5% interest.
In the official announcement, Naalakkersuisoq for Foreign Affairs, Business and Mineral Resources Múte B. Egede said Naalakkersuisut’s approval followed an overall assessment of whether the project’s technical and financial capacity would continue to be maintained. The release also says a transfer must not weaken the project’s foundation or future prospects, including protections for society, the environment, and sustainable development.
The approval does not mean mining can begin immediately. Naalakkersuisut’s fact sheet says an exploitation license does not by itself give a company free access to start mine activity. Tanbreez Mining Greenland A/S has already secured approval for its environmental and social assessments and its Impact Benefit Agreement, but a mine plan and a closure plan still need to be approved before exploitation activities can begin.
The release also places the decision within Greenland’s current mineral law. Under the 2023 act, transfers of this kind require Naalakkersuisut approval to be valid, and rights holders must remain Greenland-based and continue to meet technical and financial requirements.
Sources: Naalakkersuisut press release, April 17, 2026; Sermitsiaq reporting by Trine Juncher Jørgensen.
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