Critical Metals(US:CRML) Ge Long Hui·2026-01-20 09:20Core Viewpoint - Critical Metals (CRML.US) has seen a pre-market increase of over 12%, reaching $19.85, following the announcement of a joint venture with a Saudi Arabian industrial group to establish a rare earth processing facility in Saudi Arabia [1] Company Summary - The joint venture will be equally owned by Critical Metals and Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers Company, with each holding 50% of the shares [1] - The facility aims to process rare earth concentrates produced from the Tanbreez project, with 25% of the output to be supplied to Saudi Arabia under a long-term off-take agreement [1] - All finished materials produced from this collaboration will ultimately be shipped to the United States for use in its defense industrial base [1]