Core Insights - Critical Metals Corp. (NASDAQ:CRML) is experiencing growth following a strategic joint venture with a major Saudi Arabian conglomerate to develop a rare earth processing facility [1][2][3] - The partnership aims to process approximately 25% of the output from the Tanbreez mine in Greenland, targeting the US defense sector [2][3] - The US Export-Import Bank is considering a $120 million loan to support the Tanbreez project, which is crucial for reducing reliance on China's processing capabilities [3] Company Overview - Critical Metals Corp. operates as a mining exploration and development company focused on lithium and rare earth element deposits in Austria and Southern Greenland [4] - The company is based in Road Town, British Virgin Islands, and is a subsidiary of European Lithium Limited [4] Financial Projections - The Tanbreez project is projected to achieve an annual production of approximately 100,000 metric tons of rare earth element concentrate during its first phase [1] - The total development cost for the refinery is estimated at $290 million, which is expected to enhance the project's financial stability [2]