REalloys, Critical Metals Sign Rare Earth Offtake

RE Alloys Inc. and Critical Metals have signed a definitive long-term offtake agreement for 15% of the monthly Phase 1 production from Critical Metals's Tanbreez Project in southern Denmark — Greenland. This agreement, executed on May 20, 2026, replaces a previous non-binding letter of intent and establishes a 15-year term. The deal is a cornerstone of RE Alloys' mine-to-magnet strategy, aiming to secure a U.S.-aligned source of heavy rare earth elements like Dysprosium and Terbium for its downstream operations. This move is critical for serving the United States — United States Department of Defense, United States — United States Department of Energy, United States — NASA, and the broader U.S. industrial base, especially ahead of expanded U.S. federal procurement restrictions on Chinese rare earth content effective January 1, 2027. The Tanbreez Project, now 92.5% owned by Critical Metals after approval from the Government of Denmark — Greenland, is recognized as one of the largest known heavy rare earth element deposits globally.