Critical Metals Secures Major U.S. Offtake Deal to Challenge China's Rare Earth Dominance

Critical Metals Corp signs 10-year agreement with REalloys to supply 15% of rare earth production from Greenland's Tanbreez Project, strengthening U.S. supply chain independence.

Critical Metals Secures Major U.S. Offtake Deal to Challenge China's Rare Earth Dominance
Photo by USGS on Unsplash

Partnership Announced: Critical Metals Corp (CRML) signed a Letter of Intent with REalloys Inc. (future ticker: BLBX) for a multi-year rare earth supply agreement

Supply Commitment: Critical Metals will provide up to 15% of annual rare earth concentrate production from its Tanbreez Project in Greenland over 10 years

Strategic Importance: This deal, combined with an earlier agreement with Ucore Rare Metals, means 25% of Tanbreez production is now committed to U.S. customers

Why This Matters

Reducing China Dependence: Both companies share the goal of breaking China's control over global rare earth supply chains

U.S. Processing Power: REalloys is one of few American companies capable of complete rare earth processing—from extraction to finished magnet production

Defense Applications: Heavy rare earth elements from Tanbreez are critical for U.S. and allied defense systems

The Tanbreez Advantage

World-Class Asset: The Greenland deposit is considered one of the most strategically important rare earth projects globally due to its size and composition

Long-Life Resource: Rich deposits ensure decades of sustainable production

Next Steps: Parties are working toward final agreements, pending due diligence, commercial terms finalization, and regulatory approvals.