Critical Metals: Grönland - Tanbreez seltene Erden WKN: A40755 ISIN: VGG2662B1031 Kürzel: 9O2 Forum: Aktien User: Keting
CRML Signs Another Offtake LOI Tanbreez Rare Earths Project Greenland European Lithium Ltd (ASX: EUR, FRA:PF8, OTC: EULIF) (European Lithium or the Company) is pleased to announce that Critical Metals Corp. (Nasdaq: CRML) (Critical Metals) has signed a letter of intent (LOI) for an offtake agreement with REalloys Inc. (REalloys), a private company currently completing an S-4 merger to go public on Nasdaq under the ticker BLBX. REalloys is one of the only U.S. companies with integrated midstream and downstream rare earth capabilities, uniquely positioned to advance the processing and refining of heavy and exotic rare earth feedstock into high-performance alloys and magnet materials without any exposure to Chinese supply chains. The company is expanding its facilities to boost production of rare earth metals and magnets, supporting North American and allied demand. REalloys’ Euclid, Ohio facility supplies advanced rare earth metals and magnet materials to the U.S. Defense Logistics Agency and the DOE Ames National Laboratory, supporting critical defense, energy, and strategic manufacturing initiatives central to U.S. national security. Under the terms of the multi-year offtake arrangement, Critical Metals expects to supply up to 6,750,000 metric tons of rare earth concentrate from its Tanbreez Project, representing approximately 15.0% of the project’s projected production. Leonard Sternheim, Chairman of REalloys said “The Tanbreez project presents a remarkable opportunity for REalloys, given its rich, long-life deposits of heavy rare earth elements—vital to the defense industrial base of the United States and our allied nations. REalloys and Critical Metals share a common commitment to reducing China’s dominance in the global rare earth supply chain.” Tony Sage, Executive Chairman of European Lithium said “Tanbreez stands as one of the most strategically important rare earth assets globally, thanks to its scale and composition. This offtake agreement marks another key step into the U.S. market and sets the stage for expanded supply across American processing networks. Our partnership with REalloys underscores a shared commitment to building a resilient, fully independent domestic supply chain—one that reduces reliance on China and strengthens North America’s industrial future. Together with the recent off-take agreement signed with Ucore, this takes the total to 25% of the total production of the Tanbreez project for US customers.” Next Steps The parties have executed a Letter of Intent and are working expeditiously toward definitive documentation. Execution of final agreements remains subject to customary conditions, including completion of due diligence, finalization of commercial terms, and necessary approvals. A copy of the announcement released by CRML is available on the Nasdaq website at: Critical Metals Corp (NASDAQ: CRML) Secures Another Significant Tanbreez Offtake Agreement for 15% of its Production with Leading U.S. Vertically Integrated Rare Earth Company, REalloys Inc. (NASDAQ: BLBX). | Critical Metals Corp.
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