Critical Metals secure 10-year Tanbreez offtake agreement for 15% of production

Critical Metals (CRML) announced it has signed a Letter of Intent for an offtake agreement with REalloys, a private company currently completing an S-4 merger to go public on Nasdaq under the ticker BLBX. Under the terms of the multi-year offtake arrangement, Critical Metals expects to supply up to 15% of production annually of rare earth concentrate from its Tanbreez Project. “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,” said Lipi Mainheim, Chairman and CEO of REalloys. “REalloys and Critical Metals Corp share a common commitment to reducing China’s dominance in the global rare earth supply chain.”