DealsMay 21, 2026, 07:43 AM
Critical Metals Signs 15-Year Offtake with REalloys for Tanbreez Rare Earths
AI Summary
Critical Metals Corp. announced a definitive 15-year binding offtake agreement with REalloys Inc. for rare earth element concentrate from its Tanbreez Project in Southern Greenland. This landmark deal, which includes two additional five-year extension options, follows the Greenland Government's approval of Critical Metals' ownership increase to 92.5% of the project. REalloys will purchase 15% of Tanbreez's annual production, with priority for critical heavy rare earth elements, validating Tanbreez as a cornerstone asset for secure, non-Chinese supply chains in the Western rare earth ecosystem.
Key Highlights
- Critical Metals Corp. signed a 15-year binding offtake agreement with REalloys Inc. for rare earth concentrate.
- REalloys Inc. will purchase 15% of Tanbreez's annual rare earth concentrate production.
- Agreement includes priority rights for dysprosium and terbium, and a Right of First Refusal on additional volumes.
- This follows Greenland Government's April 17, 2026 approval of CRML's ownership increase to 92.5% of Tanbreez.
- The agreement extends the original 10-year Letter of Intent to 15 years, with two 5-year extension options.
- The deal positions Critical Metals as a key supplier to the Western world, aligning with 2027 U.S. defense procurement restrictions.
- Deliveries are expected to commence following the start of production from the Tanbreez Project.
Price Impact
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