The deal covers 15% of Phase 1 output from one of the world’s largest heavy rare earth deposits, reducing U.S. reliance on China.
REalloys (NASDAQ: ALOY) has signed a 15-year offtake agreement with Critical Metals Corp. (NASDAQ: CRML) for 15% of Phase 1 production from Greenland’s Tanbreez project. The deposit is one of the largest known sources of heavy rare earths, including Dysprosium and Terbium, critical for defense and clean energy applications.
The agreement aligns with U.S. efforts to diversify supply chains ahead of a 2027 Pentagon ban on Chinese-origin rare earth materials. Tanbreez’s reserves are expected to play a key role in meeting growing demand for high-performance magnets and electronics.
No immediate market reaction was disclosed, but the deal strengthens REalloys’ position in the rare earth sector amid geopolitical supply concerns.