Bloomberg Talks Critical Metals CEO Tony Sage Talks Rare Earth Minerals, Greenland
Jan 23, 2026
Tony Sage, CEO and Executive Chairman of Critical Metals, a seasoned mining executive leading rare earth projects in Greenland. He discusses building a pilot facility and long-term permits. He focuses on heavy rare earths like terbium and tantalum. Talks include U.S. financing interest, offtake splits with the U.S. and EU, and planned refining partnerships.
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Pushing Ahead Despite Political Risk
- Tony Sage says Critical Metals is proceeding quickly on the ground despite political uncertainty in Greenland.
- Local protests and staff concerns exist, but the company is advancing pre-construction, pilot plant, offices, and labs.
Long-Lived Heavy Rare Earth License
- Critical Metals holds a 30-year license to exploit 500,000 tpa from a 4.7 billion ton ore body.
- The company will focus on heavy rare earths vital for defense, not the light rare earths.
Use Export-Credit Funding To De-Risk
- Secure concessional export-credit financing to de-risk capital-intensive projects.
- Tony Sage highlights a $120 million Ex-Im LOI and split of offtake 50% US and 50% EU to reduce project risk.