Business
CRML Executes Term-Sheet for 50/50 Joint Venture With EU and NATO Member, Romania, Creating a Fully Integrated Mine-to-Processing Supply Chain for Long-Term Security for the European Manufacturing & National Security Sectors
NEW YORK, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp.” or the “Company”), a leading critical minerals
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[{"type":"text","content":"NEW YORK, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp.” or the “Company”), a leading critical minerals mining company, today announced that it has executed the Term-Sheet for creating a 50%-50% joint venture (JV) between CRML and Fabrica de Prelucrare a Concentratelor de Uraniu S.R.L. (FPCU) of Romania, a state-owned entity and a strategic partner from a European Union and NATO member country. The term sheet provides CRML with long-term offtake rights for 50% of the entire Tanbreez concentrate production and outlines the development, financing, and commissioning of a state-of-the-art European rare earth processing facility in Romania — creating the first fully integrated mine-to-processing supply chain in the Western world dedicated to stabilizing critical mineral access for European industries and defense sectors. TRANSACTION HIGHLIGHTS Supply & Processing Partnership: CRML has executed a term sheet covering offtake, financing, development, and the creation of a 50/50 JV to build and operate a rare earth processing plant inside the European Union, directly challenging China’s long-standing dominance in global rare earth processing.Financing: CRML will not be issuing either debt nor equity for this Joint Venture and will retain a 50% interest in the joint company on a carried interest basis and will have no capital requirements relating to capital expenditures to build the facility.Magnets: The facility’s final product line will include aerospace and military-grade magnets.Strategic Financing & Offtake: CRML will supply 50% of the Tanbreez Project’s premium rare earth concentrates (“REECs”) to the Romanian JV for the full life of mine, ensuring a secure, NATO-aligned feedstock for high-value downstream European industries.Joint Venture Powerhouse: The new 50/50 partnership between CRML and state-owned FPCU unlocks a unique pathway for developing a fully independent, secure, and Western-aligned supply chain for critical minerals.Offtake Leadership: Following the recent UCORE and ReAlloys agreements (10% and 15% respectively), this 50% allocation brings CRML to a total of 75% of Tanbreez rare earth concentrate committed under long-term offtake agreements with allied nations. In a bold move to reshape the global rare earth landscape, CRML and FPCU will, in the coming months, collabo...