Critical Metals Corp. (NASDAQ:CRML) is one of the stocks Jim Cramer recently offered insights on. Responding to a caller’s query about the stock, Cramer remarked:
“We’ve talked about this, Ben Stoto and I. It is time to kaching kaching Critical Metals. You need President Trump to go in there and buy 10% of the company. I don’t think it’s going to happen.”
A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels
Critical Metals Corp. (NASDAQ:CRML) is a mining exploration and development company focused on lithium and rare earth element deposits in Austria and Southern Greenland. On October 16, the company reported that it signed a securities purchase agreement with a leading institutional investor to secure $50 million in gross proceeds through a private investment in public equity transaction. The company is planning to direct the funds toward the advancement of its Tanbreez rare earth project in Greenland. Critical Metals Corp.’s (NASDAQ:CRML) CEO and Chairman commented:
“The proceeds will support our development efforts at Tanbreez, one of the world’s largest rare earth deposits in Greenland, which is expected to help address the growing demand for heavy rare earths in the West. We are pleased to welcome the support of our investors as we work to become a reliable supplier of critical minerals.”
While we acknowledge the potential of CRML as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
