Critical Metals Corp. Provides Project Update on Acceleration Plan and Tanbreez Development Progress

REalloys (NASDAQ: ALOY) said it signed a definitive 15-year offtake agreement with Critical Metals Corp. (NASDAQ: CRML) for heavy rare earths from the Tanbreez project in southern Greenland. The deal covers 15% of Phase 1 production and includes dysprosium and terbium. The announcement comes as the Pentagon plans to enforce a 2027 ban on Chinese-origin rare earth materials.

Critical Metals Corp. has finalized a binding agreement to acquire all shares in European Lithium for US$835 million (A$1.16 billion), with European Lithium shareholders receiving 0.035 shares of Critical Metals for each share held. This strategic acquisition aims to consolidate ownership of the highly prospective Tanbreez Project in Greenland and further advance Critical Metals' position as a leading heavy rare earths developer, alongside its Wolfsberg Lithium Project in Austria. The deal is expected to be completed in the second half of 2026, with Critical Metals' CEO Tony Sage highlighting the strong strategic rationale and benefits for shareholders.

Critical Metals Corp. (CRML) recently secured Greenland's approval to acquire a 70% stake in 60 North Greenland ApS, advancing its Tanbreez rare earth and hafnium project. This move, coupled with plans for a Romanian hafnium refinery, strengthens Critical Metals' position in Western supply chain security for hafnium. The investment narrative focuses on the high-risk build-out of a secure hafnium supply, with future catalysts including funding, the refinery joint venture, and firm offtake agreements.

Critical Metals Corp. (NASDAQ: CRML) has increased its ownership in Tanbreez Mining Greenland A/S from 42% to 92.5% by issuing 14.5 million ordinary shares to Rimbal Pty. Ltd. This move positions the company for near-total control of one of the world's largest heavy rare earth elements deposits. Furthermore, Critical Metals has announced a non-binding letter of intent to acquire European Lithium Ltd., which holds the remaining 7.5% stake in Tanbreez, potentially bringing its total ownership to 100%.

Critical Metals Corp. (Nasdaq: CRML) has appointed Thomas “TYT” Mogensen as CEO of Tanbreez Mining Greenland A/S, its flagship rare earth project. Mogensen brings over 20 years of leadership experience, including a strong track record in Greenland's business environment, which makes him ideally suited to guide Tanbreez through its development stage. This appointment follows recent milestones for the project, positioning the company to accelerate the development of one of the world's largest undeveloped heavy rare earth deposits.

Critical Metals Corp. recently filed a US$25.16 million shelf registration and appointed Chang Oh Turkmani, an international trade attorney, to its Advisory Board. This appointment is seen as incrementally positive for handling cross-border deals, especially given the company's Greenland rare earths and Austrian lithium assets. While Turkmani's expertise could enhance global growth ambitions and risk management, investors should closely monitor potential equity dilution due to recent share price weakness and current heavy losses.