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Critical Metals Executes 15-Year Binding Definitive Off-Take Agreement for Tanbreez with REalloys Inc. Which Supports US Defense & National Security Industrial Base Supply Chains
NEW YORK, May 21, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining
About this update from Critical Metals Corp.
[{"type":"text","content":" NEW YORK, May 21, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, today announced the execution of a definitive 15-year binding offtake agreement with REalloys Inc. (NASDAQ: ALOY) for rare earth element concentrate from its flagship Tanbreez Project in Southern Greenland—one of the largest and most significant heavy rare earth deposits globally. This landmark agreement follows the Government of Greenland’s April 17, 2026 approval of Critical Metals’ ownership increase to 92.5% of the Tanbreez Project, representing a decisive milestone that fully consolidates operational control and unlocks the project’s long-term commercial potential. The agreement formalizes and significantly expands upon the parties’ October 2025 Letter of Intent, extending the original ten-year framework into a 15-year binding contract with two additional five-year extension options. A Defining Commercial Validation of Tanbreez Under the agreement, REalloys will purchase 15% of Tanbreez’s annual rare earth concentrate production, with priority rights in respect of concentrate volumes containing elevated concentrations of the critical heavy rare earth elements dysprosium and terbium, together with a Right of First Refusal over additional volumes. This long-term commitment underscores the strategic importance of Tanbreez and provides powerful third-party validation of its role as a cornerstone asset in the emerging Western rare earth ecosystem. With global supply chains undergoing rapid realignment, the agreement positions Critical Metals at the center of a generational shift toward secure, non-Chinese sources of critical minerals—particularly as U.S. defense procurement restrictions coming into force in 2027 mandate the exclusion of Chinese-origin rare earth materials. Tony Sage, Chairman of CRML, commented: “This agreement marks a pivotal inflection point for Critical Metals and unequivocally validates Tanbreez as a world-class, development-stage asset of global strategic importance. With 92.5% ownership secured and strong governmental backing in Greenland, we have established full control over one of the most significant heavy rare earth deposits outside of China.” “Partnering with REalloys—a U.S.-based, defense-focused, vertically integrated platform—e...