REalloys inks definitive long-term rare earth offtake pact with Critical Metals Corp.
2026-05-22 15:57:39 [Print]
REalloys Inc. announced on May 21 that it has signed a definitive long-term offtake agreement with Critical Metals Corp. ("CRML") for rare earth products from the Tanbreez Project in southern Greenland. The contract covers 15% of monthly Phase 1 production, subject to a ±5% operational variance per delivery. The initial 15-year term begins upon first commercial delivery, with extension provisions. Executed on May 20, 2026, the agreement replaces a non-binding letter of intent and applies exclusively to Phase 1 output, excluding any future expansions.
The deal secures a long-term, U.S.-aligned supply of heavy rare earth element ("HREE") feedstock for REalloys' downstream separation, metallization and magnet manufacturing operations, and serves as a cornerstone of the company's mine-to-magnet strategy.
CRML has publicly disclosed a Phase 1 nameplate capacity of up to 15,000 metric tonnes of rare earth concentrate per year.
On the Tanbreez Project, in April 2026 the Government of Greenland approved the transfer of the final 50.5% stake in Tanbreez Mining Greenland A/S to CRML, lifting CRML's ownership to 92.5%. The Tanbreez deposit is recognized as one of the largest known HREE deposits globally, with significant dysprosium and terbium--the two heavy rare earths most critical to high-temperature permanent magnets used in defence, aerospace and electric mobility.
The deal secures a long-term, U.S.-aligned supply of heavy rare earth element ("HREE") feedstock for REalloys' downstream separation, metallization and magnet manufacturing operations, and serves as a cornerstone of the company's mine-to-magnet strategy.
CRML has publicly disclosed a Phase 1 nameplate capacity of up to 15,000 metric tonnes of rare earth concentrate per year.
On the Tanbreez Project, in April 2026 the Government of Greenland approved the transfer of the final 50.5% stake in Tanbreez Mining Greenland A/S to CRML, lifting CRML's ownership to 92.5%. The Tanbreez deposit is recognized as one of the largest known HREE deposits globally, with significant dysprosium and terbium--the two heavy rare earths most critical to high-temperature permanent magnets used in defence, aerospace and electric mobility.
