CRML Executes a 15-Year Binding Definitive Off-Take Agreement for Tanbreez with REalloys Inc. Which Supports US Defense & National Security Industrial Base Supply Chains

Rhea-AI Summary

Critical Metals (Nasdaq: CRML) signed a 15-year binding offtake agreement with REalloys (Nasdaq: ALOY) for rare earth concentrate from the Tanbreez Project in Southern Greenland. REalloys will purchase 15% of annual production, with priority rights on dysprosium- and terbium-rich concentrate and a Right of First Refusal on extra volumes.

The deal follows approval for Critical Metals to increase Tanbreez ownership to 92.5%, includes two additional five-year extension options, and aligns with 2027 U.S. defense procurement restrictions seeking non‑Chinese rare earth supply.

AI-generated analysis. Not financial advice.

Positive

• 15-year binding offtake agreement with REalloys for Tanbreez concentrate
• REalloys to purchase 15% of Tanbreez annual concentrate output
• Two additional five-year extension options on the offtake agreement
• Government-approved increase to 92.5% ownership of Tanbreez Project
• Priority rights on dysprosium- and terbium-rich concentrate volumes
• Right of First Refusal over additional rare earth concentrate volumes

Negative

• None.

Market Reaction – CRML

+7.72% $11.58

15m delay 20 alerts

+7.72% Since News

$11.58 Last Price

$9.84 $11.94 Day Range

+$97M Valuation Impact

$1.36B Market Cap

0.1x Rel. Volume

Following this news, CRML has gained 7.72%, reflecting a notable positive market reaction. Our momentum scanner has triggered 20 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $11.58. This price movement has added approximately $97M to the company's valuation.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Offtake term: 15 years Ownership of Tanbreez: 92.5% Offtake share: 15% of annual production +2 more

5 metrics

Offtake term 15 years Duration of binding offtake agreement with REalloys for Tanbreez concentrate

Ownership of Tanbreez 92.5% Post-approval ownership stake in Tanbreez Project cited in the agreement

Offtake share 15% of annual production Portion of Tanbreez rare earth concentrate committed to REalloys

Extension options Two 5-year options Additional terms to extend the 15-year offtake agreement

Defense restriction date 2027 Year U.S. defense procurement restrictions on Chinese-origin rare earths take effect

Market Reality Check

Price: $10.75 Vol: Volume 9,374,608 is below...

low vol

$10.75 Last Close

Volume Volume 9,374,608 is below the 20-day average of 15,921,420 (relative volume 0.59), indicating a notable price move on sub-average activity. low

Technical Trading at $10.75, modestly above the $10.11 200-day MA, signaling a recovery toward longer-term trend after deep pullback from the $32.15 52-week high.

Peers on Argus

CRML gained 9.69% while key peers were mixed: SLI -1.1%, NEXA -4.12%, SGML -0.71...

1 Down

CRML gained 9.69% while key peers were mixed: SLI -1.1%, NEXA -4.12%, SGML -0.71%, USAS -2.11%, and UAMY +7.48%. Momentum scanner only flagged LAR at -3.15%. This points to a stock-specific reaction to the Tanbreez offtake news rather than a broad Basic Materials move.

Historical Context

5 past events · Latest: May 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
May 20	Sector re-rating note	Positive	+8.2%	Article highlighting CRML as a key Western strategic-minerals developer amid supply security theme.
May 18	Acquisition agreement	Positive	-6.0%	Binding deed to acquire European Lithium and combine cash balances for Tanbreez-focused platform.
May 12	Hafnium strategy update	Positive	-2.1%	Positioning Tanbreez and Romanian refinery to capture forecast hafnium demand growth by 2030.
May 07	Deal exclusivity extension	Neutral	-7.8%	Extension of exclusivity to finalize scheme implementation deed with European Lithium.
May 05	Regulatory approval	Positive	+3.1%	Greenland approval for 70% acquisition of 60° North ApS, enhancing Tanbreez development platform.

Pattern Detected

Recent news has often been positive strategically, but price reactions have been mixed, with several instances of the stock selling off on seemingly constructive development and M&A updates.

Recent Company History

Over the last few weeks, CRML has consistently highlighted the strategic importance of Tanbreez and related assets. On May 5, 2026, it secured Greenland approval for a 70% acquisition of 60° North ApS, supporting Tanbreez development. Subsequent updates emphasized hafnium leadership potential and progress on an acquisition of European Lithium to consolidate Tanbreez and cash resources. A May 20 article showcased market repricing of critical mineral juniors, including CRML. Today’s 15-year Tanbreez offtake agreement with REalloys extends this narrative of securing long-term, geopolitically aligned demand.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2026-03-18

An effective-date-pending Form F-3 filed on March 18, 2026 registers up to 2,744,062 ordinary shares for resale by a selling securityholder. The company will receive no proceeds from these resales, and shelf usage to date is 0, with no 424B supplements recorded. This structure primarily facilitates secondary liquidity rather than new primary capital.

Market Pulse Summary

This announcement secures a 15-year offtake for 15% of Tanbreez’s rare earth concentrate with REallo...

Analysis

This announcement secures a 15-year offtake for 15% of Tanbreez’s rare earth concentrate with REalloys, reinforcing CRML’s strategy to position its 92.5%-owned asset within Western defense and technology supply chains ahead of 2027 procurement restrictions. It builds on prior steps to consolidate ownership and highlight hafnium and rare earth potential. Key watchpoints include progress toward first production, further offtake or processing agreements, and how capital needs are managed alongside existing resale registrations.

Key Terms

offtake agreement, rare earth element, heavy rare earth elements, right of first refusal, +4 more

8 terms

offtake agreement financial

"announced the execution of a definitive 15-year binding offtake agreement with REalloys Inc."

A contract in which a buyer commits to purchase a set portion or percentage of a producer’s future output—such as minerals, energy, agricultural goods, or manufactured products—often over a multi‑year period. It matters to investors because it creates predictable sales and cash flow, reduces the risk of unsold inventory, and can make projects easier to finance; think of it like pre‑selling future harvests or securing long‑term customers before production begins.

rare earth element medical

"for rare earth element concentrate from its flagship Tanbreez Project in Southern Greenland"

A rare earth element is one of a set of 17 metallic chemical elements used as essential ingredients in many high-tech products, from smartphones and electric motors to wind turbines and defense systems. Investors care because these metals are critical inputs whose limited, geographically concentrated supply and complex extraction processes can drive price swings and create strategic risks or advantages for companies that mine them or depend on them—like a key spice that can make or break a recipe.

heavy rare earth elements medical

"elevated concentrations of the critical heavy rare earth elements dysprosium and terbium"

Heavy rare earth elements are a subgroup of rare earth metals with higher atomic weight that serve as key ingredients in advanced magnets, batteries, lasers, and other high-tech and defense applications. Think of them as specialty ingredients that small changes in supply or quality can sharply affect product performance and cost; investors watch their availability, production concentration, and price swings because those factors can materially influence manufacturers’ margins and sector valuations.

right of first refusal financial

"together with a Right of First Refusal over additional volumes."

A right of first refusal gives an existing shareholder or party the chance to buy an asset or shares before the owner can sell them to someone else. Think of it like being offered the first option to buy a house when the owner decides to sell; it matters to investors because it can limit who can acquire a stake, slow or block transactions, and affect the price and liquidity of an investment by restricting open-market sales or new buyers.

vertically integrated technical

"a U.S.-based, defense-focused, vertically integrated platform—ensures that our production"

Vertically integrated describes a company that owns and controls multiple steps in making and selling its products or services — for example sourcing raw materials, manufacturing, and distribution. Like a bakery that grows its own wheat, mills the flour, bakes the bread and runs the shops, this setup can lower costs, improve quality and speed to market and protect profit margins, but it also requires more capital and can reduce flexibility.

supply chain technical

"for the Western rare earth supply chain. With Critical Metals now holding 92.5% ownership"

A supply chain is the series of steps involved in producing and delivering a product or service, from raw materials to the final customer. It includes all the processes, such as sourcing materials, manufacturing, and distribution, that ensure products reach consumers. For investors, understanding the supply chain helps gauge how efficiently a company can meet demand and manage costs, impacting its profitability and stability.

feedstock technical

"REalloys now has feedstock security, processing capability, and downstream manufacturing"

Feedstock is the raw material—such as crude oil, natural gas, agricultural crops, or recycled plastics—used as the primary input to make fuels, chemicals, plastics, or other industrial products; think of it as the ingredients you put into a factory recipe. For investors, feedstock matters because its price, supply stability and quality directly shape producers’ costs, profit margins and ability to meet demand, so shifts in feedstock markets can alter company earnings and valuations.

FOB technical

"Deliveries under the agreement will be made FOB Tanbreez port in Southern Greenland"

FOB (Free On Board) is a shipping contract term that specifies the exact point when ownership, shipping costs, and liability for goods shift from the seller to the buyer. Think of it like handing over the keys when a car crosses a line: once the goods pass that point (often the seller’s dock or the ship’s rail), the buyer is responsible for transport, insurance, and any loss. For investors, FOB affects cash flow, inventory timing, and which party bears shipping risk and expense, all of which influence profit margins and balance-sheet reporting.

AI-generated analysis. Not financial advice.

NEW YORK, May 21, 2026 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, today announced the execution of a definitive 15-year binding offtake agreement with REalloys Inc. (NASDAQ: ALOY) for rare earth element concentrate from its flagship Tanbreez Project in Southern Greenland—one of the largest and most significant heavy rare earth deposits globally.

This landmark agreement follows the Government of Greenland’s April 17, 2026 approval of Critical Metals’ ownership increase to 92.5% of the Tanbreez Project, representing a decisive milestone that fully consolidates operational control and unlocks the project’s long-term commercial potential. The agreement formalizes and significantly expands upon the parties’ October 2025 Letter of Intent, extending the original ten-year framework into a 15-year binding contract with two additional five-year extension options.

A Defining Commercial Validation of Tanbreez

Under the agreement, REalloys will purchase 15% of Tanbreez’s annual rare earth concentrate production, with priority rights in respect of concentrate volumes containing elevated concentrations of the critical heavy rare earth elements dysprosium and terbium, together with a Right of First Refusal over additional volumes.

This long-term commitment underscores the strategic importance of Tanbreez and provides powerful third-party validation of its role as a cornerstone asset in the emerging Western rare earth ecosystem.

With global supply chains undergoing rapid realignment, the agreement positions Critical Metals at the center of a generational shift toward secure, non-Chinese sources of critical minerals—particularly as U.S. defense procurement restrictions coming into force in 2027 mandate the exclusion of Chinese-origin rare earth materials.

Tony Sage, Chairman of CRML, commented:

“This agreement marks a pivotal inflection point for Critical Metals and unequivocally validates Tanbreez as a world-class, development-stage asset of global strategic importance. With 92.5% ownership secured and strong governmental backing in Greenland, we have established full control over one of the most significant heavy rare earth deposits outside of China.”

“Partnering with REalloys—a U.S.-based, defense-focused, vertically integrated platform—ensures that our production will directly support the rapidly growing demand for secure, compliant supply chains. This 15-year binding offtake agreement not only underpins the long-term commercial viability of Tanbreez, but also positions Critical Metals as a key supplier to the Western world at a time of accelerating geopolitical and industrial transformation.”

Leonard "Lipi" Sternheim, CEO of REalloys, commented:

"This agreement is a defining milestone for REalloys and for the Western rare earth supply chain. With Critical Metals now holding 92.5% ownership of Tanbreez and the full backing of the Greenlandic Government, we are entering this fifteen-year partnership with a single consolidated counterparty that has both the mandate and the resources to deliver. By extending the term, securing priority rights in respect of concentrate volumes containing elevated concentrations of the critical heavy rare earth elements dysprosium and terbium, and establishing a Right of First Refusal on additional volumes, we have transformed a letter of intent into one of the most significant long-term heavy rare earth supply commitments in the Western hemisphere. Combined with our Saskatchewan Research Council partnership, our Hoidas Lake resource, and our Euclid, Ohio metallization platform, REalloys now has feedstock security, processing capability, and downstream manufacturing under one integrated umbrella. This is precisely what the United States requires as the 2027 defense procurement restrictions take effect."

Unmatched Strategic Positioning

Tanbreez is widely recognized as one of the world’s premier heavy rare earth and critical metals deposits, distinguished by its high concentrations of heavy rare earth elements dysprosium, terbium, and yttrium—essential inputs for high-performance permanent magnets used in defense systems, electric vehicles, wind energy, robotics, and advanced manufacturing.

In addition, the Tanbreez deposit has significant volumes of hafnium, cerium, lanthanum, niobium and zirconium, which are increasingly important in semiconductor, microchip and advanced technology applications, including infrastructure supporting the growth of artificial intelligence technologies.

By securing a long-term offtake with a U.S.-based, vertically integrated partner, Critical Metals has taken a major step toward monetizing this world-class resource while ensuring alignment with Western defense, energy, and industrial priorities.

The Greenland Government’s support and the Company’s consolidated 92.5% ownership significantly de-risk project execution, positioning Tanbreez as one of the most advanced and strategically aligned rare earth development projects globally.

Accelerating Toward Production

The agreement strengthens the commercial foundation of the Tanbreez Project as Critical Metals advances development toward first production on an accelerated timeline. In collaboration with REalloys, the Company will optimize metallurgical processes, refine product specifications, and establish efficient logistics pathways to integrate Tanbreez concentrate into downstream processing and magnet manufacturing supply chains.

A Cornerstone Asset for a New Era

As nations and industries prioritize supply chain resilience and independence, Critical Metals is uniquely positioned to deliver long-term value through its ownership of Tanbreez—an asset now firmly established as a cornerstone of the Western rare earth supply chain.

Deliveries under the agreement will be made FOB Tanbreez port in Southern Greenland, with pricing linked to international rare earth oxide benchmarks on an element-by-element basis. Commercial shipments are expected to commence following the start of production.

About REalloys Inc.

REalloys Inc. is advancing a fully integrated North American mine-to-magnet supply chain encompassing upstream resource development, midstream processing, and downstream manufacturing. REalloys' upstream foundation includes its Hoidas Lake rare-earth asset in Saskatchewan and a diversified network of allied feedstock and recycling partners. Together with the Saskatchewan Research Council, REalloys is building a platform to scale North American heavy rare earth midstream separation, refining, and metallization capabilities – creating a coordinated system that processes and converts heavy rare-earth materials from allied and domestic sources into high-purity products. Those refined materials feed directly into REalloys' downstream manufacturing operations in Euclid, Ohio, where the company produces advanced heavy rare earth metals, alloys, and magnet components for defense, clean-energy, and high-performance industrial applications. REalloys' Ohio facility serves federal logistics and procurement agencies supporting the Department of Defense, the Department of Energy, and the National Aeronautics and Space Administration, in addition to the broader Defense Industrial Base and Organic Industrial Base.

For more information, please visit www.realloys.com.

About Critical Metals Corp.

Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals, and producing strategic products essential to electrification and next generation technologies for Europe and its western world partners. Its flagship Project, Tanbreez, is one of the world's largest, rare earth deposits and is located in Southern Greenland. The deposit is expected to have access to key transportation outlets as the area features year-round direct shipping access via deep water fjords that lead directly to the North Atlantic Ocean.

Another key asset is the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure and is expected to be the next major producer of key lithium products to support the European market. Wolfsberg is well positioned with offtake and downstream partners to become a unique and valuable asset in an expanding geostrategic critical metals portfolio.

With this strategic asset portfolio, Critical Metals Corp is positioned to become a reliable and sustainable supplier of critical minerals essential for defense applications, the clean energy transition, and next-generation technologies in the western world.

For more information, please visit https://www.criticalmetalscorp.com/.

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements may include expectations of our business and the plans and objectives of management for future operations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “designed to” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors discussed under the “Risk Factors” section in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. These forward-looking statements are based on information available as of the date of this news release, and expectations, forecasts and assumptions as of that date, involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Critical Metals Corp.

Investor Relations: ir@criticalmetalscorp.com
Media: pr@criticalmetalscorp.com

FAQ

What did Critical Metals (CRML) announce about its Tanbreez offtake agreement on May 21, 2026?

Critical Metals announced a 15-year binding offtake agreement with REalloys for rare earth concentrate from the Tanbreez Project. According to Critical Metals, this contract secures sales for 15% of annual production with options to extend for two additional five-year terms.

How much of Tanbreez’s production will REalloys (ALOY) purchase under the CRML agreement?

REalloys will purchase 15% of Tanbreez’s annual rare earth concentrate production. According to Critical Metals, REalloys also receives priority rights on concentrate with elevated dysprosium and terbium, plus a Right of First Refusal on additional volumes beyond the contracted 15%.

How does the Tanbreez offtake deal support U.S. defense supply chains and CRML investors?

The agreement is designed to support U.S. defense and national security supply chains by supplying non‑Chinese rare earths. According to Critical Metals, it aligns with 2027 procurement restrictions that exclude Chinese-origin rare earth materials, potentially strengthening Tanbreez’s strategic relevance for Western customers.

What ownership stake does Critical Metals (CRML) now hold in the Tanbreez Project?

Critical Metals now holds 92.5% ownership of the Tanbreez Project in Southern Greenland. According to the company, this Greenland Government–approved increase consolidates operational control and is viewed as reducing execution risk while enhancing the project’s long-term commercial potential and strategic alignment.

When could commercial shipments under the CRML–REalloys Tanbreez agreement begin?

Commercial shipments are expected to begin after Tanbreez starts production. According to Critical Metals, deliveries will be made FOB Tanbreez port in Southern Greenland, with pricing linked element-by-element to international rare earth oxide benchmarks once production and logistics are established.

Why is the Tanbreez rare earth deposit important for Critical Metals (CRML) shareholders?

Tanbreez is described as one of the largest heavy rare earth deposits globally, with high dysprosium, terbium, and yttrium content. According to Critical Metals, the long-term offtake with REalloys helps advance monetization of this asset and aligns it with Western defense, energy, and industrial priorities.

How does the CRML and REalloys offtake agreement structure pricing for Tanbreez concentrate?

Pricing under the agreement will be linked to international rare earth oxide benchmarks on an element-by-element basis. According to Critical Metals, deliveries will be made FOB Tanbreez port, integrating the concentrate into downstream processing and magnet manufacturing supply chains managed by REalloys.