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Tanbreez Rare Earth Project Offtake Agreement

Sector: Aerospace & Defense • Location: Qaqortoq, Greenland

Source: Interesting Engineering

Project
Awarded

Critical Metals Corp (CRML) signed a 15-year binding offtake agreement with REAlloys Inc. for rare earth element (REE) concentrate from the Tanbreez Project. REAlloys will purchase 15% of the annual REE concentrate production, with priority rights for volumes containing elevated concentrations of heavy rare earth elements like Dysprosium and Terbium, and a Right of First Refusal over additional vo

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Project Information

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The project “Tanbreez Rare Earth Project Offtake Agreement” is an infrastructure initiative in the Aerospace & Defense sector, located in Qaqortoq, Greenland. Taiyo aggregates data on it from Interesting Engineering.

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Description

Description

Critical Metals Corp (CRML) signed a 15-year binding offtake agreement with REAlloys Inc. for rare earth element (REE) concentrate from the Tanbreez Project. REAlloys will purchase 15% of the annual REE concentrate production, with priority rights for volumes containing elevated concentrations of heavy rare earth elements like Dysprosium and Terbium, and a Right of First Refusal over additional volumes. The agreement follows the Government of Greenland's approval of CRML's ownership increase to 92.5% and extends a previous 10-year framework to 15 years with two additional five-year extension options. This agreement supports US defense and national security industrial base supply chains.

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