We are in a world of governments picking winners and losers so the name of the game in stock market investing is picking who the government is going to pick. It's a game of front-running Uncle Sam and today's early winner was Nasdaq-listed Critical Metals Corp, which was up 75% based on a Reuters report that the US was weighing a stake.
Critical Metals Corp is developing the Tanbreeze rare earths deposit in Greenland.
There is a twist though as Bloomberg now reports -- citing a White House official -- that the government is looking at investment in Critical Metals Corp.
Shares are halted but indicated to open around $10.50, which is a big gap from $14 before the halt.
