The share price of Critical Metals Corp.

(NASDAQ:CRML) spiked 2.75% at last check on Monday, according to Benzinga Pro.

The rally comes several days after the mining company advanced in the final round of a competitive tender process in Kenya.

The stock's positive movement aligns with a broader market trend, with S&P 500 futures gaining 0.8% in early trading.

Advances In Kenya Tender For Mrima Hill Rare Earth Project Critical Metals has been shortlisted as one of three finalist bidders for the right to develop the Mrima Hill rare earth and niobium project in Kenya, a significant endorsement of its capabilities.