Globenewswireยท2025-10-13 12:30Core Insights - REalloys has entered into a 10-year offtake agreement with Critical Metals Corp. for 15% of the projected rare earth concentrate production from the Tanbreez Project in Greenland, which is one of the world's largest deposits of heavy rare earth elements [2][3][4] - This agreement is a strategic milestone for REalloys, supporting its expansion as a vertically integrated producer of alloys and magnet materials in North America [3][4] - The partnership aligns with U.S. and allied priorities to establish a fully independent North American mine-to-magnet supply chain, reducing dependency on Chinese rare earth sources [3][6] REalloys Overview - REalloys operates a downstream metallization facility in Euclid, Ohio, producing advanced rare earth metals and magnet materials for various U.S. government programs [5] - The company is building a North American supply chain that includes upstream resources at Hoidas Lake and midstream processing development through collaboration with the Saskatchewan Research Council [6] - REalloys is expanding its Ohio facility's production capacity and advancing its HLREE Project to meet the demand for high-performance magnet materials in U.S. Protected Markets [6] Critical Metals Corp. Overview - Critical Metals Corp. is focused on developing critical metals and minerals, with its flagship Tanbreez Project located in Southern Greenland, expected to have year-round shipping access [7][9] - The Tanbreez Project is projected to supply approximately 6.75 million metric tons of concentrate over the 10-year term of the agreement with REalloys [4] - The company aims to become a reliable supplier of critical minerals essential for defense applications and the clean energy transition [9]