UPDATE - Critical Metals Corp (NASDAQ: CRML) Secures Another Significant Tanbreez Offtake Agreement for 15% of its Production with Leading U.S. Vertically Integrated Rare Earth Company, REalloys Inc.

Rhea-AI Summary

Critical Metals Corp (NASDAQ: CRML) signed a Letter of Intent for a multi-year offtake with REalloys Inc. for 15.0% of Tanbreez production (up to 6,750,000 metric tons of rare earth concentrate) from the Tanbreez project in Southern Greenland.

Combined with a prior 10.0% offtake with Ucore, the company now has ~25% of Tanbreez production tentatively allocated to U.S. customers. The LOI is subject to due diligence, final commercial terms, and customary approvals.

Positive

• Offtake LOI covers 15.0% of Tanbreez production
• Contract quantity up to 6,750,000 metric tons of concentrate
• Combined U.S. bookings equal ~25% of project output
• REalloys supplies U.S. defense and DOE facilities

Negative

• Agreement is a Letter of Intent; final deals are not executed
• Finalization depends on due diligence, commercial terms, approvals

Insights

Market Supply Chain Strategist

LOI secures 15% of Tanbreez output to a U.S. downstream partner, bringing U.S. commitments to 25%.

The agreement is a multi‑year Letter of Intent to supply up to 6,750,000 metric tons of rare earth concentrate from the Tanbreez project, allocated as 15.0% to REalloys. The buyer is described as a vertically integrated U.S. rare‑earth manufacturer supplying the U.S. National Defense Stockpile and other defense and strategic customers. The LOI and the stated planned production share create a direct midstream/downstream commercial channel from Critical Metals Corp to U.S. protected markets; REalloys is also pursuing a public listing under ticker BLBX.

Material dependencies remain explicit: the transaction is a Letter of Intent and requires customary conditions, completion of due diligence, agreed commercial terms, and approvals before binding contracts exist. Execution risk and timing therefore remain open as of Oct 08, 2025. Key items to monitor are signing of definitive offtake contracts, completion of due diligence, formal approvals, and any disclosed delivery schedules or pricing mechanics; those milestones will determine near‑term supply certainty and the deal’s commercial impact.

• This Off-take Agreement follows the Recent August 26^th Announcement of an Off-take Agreement for 10.0% with the Department of War “DoW” Investee Company Ucore Rare Metals Inc (“Ucore”)
• This significant and strategic off-take agreement grants REalloys 15.0% from the Company’s Tanbreez production of Heavy & Medium Rare Earth Elements from Southern Greenland
• REalloys is a vertically integrated producer of magnet materials and magnets for high-performance “U.S. Protected Markets,” including the U.S. National Defense Stockpile (NDS), Defense Industrial Base (DIB), Nuclear Industrial Base (NIB), robotics, electric aviation, and critical infrastructure industries, as well as allied nations with defense treaties, alliances, and agreements. REalloys is a private company completing an S-4 Merger to go public on the NASDAQ under the ticker BLBX 
  
  

NEW YORK, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, today announced it has signed a Letter of Intent (LOI) for an offtake agreement with REalloys Inc. (“REalloys”), a private company currently completing an S-4 merger to go public on Nasdaq under the ticker BLBX.

REalloys is one of the only U.S. companies with integrated midstream and downstream rare earth capabilities, uniquely positioned to advance the processing and refining of heavy and exotic rare earth feedstock into high-performance alloys and magnet materials without any exposure to Chinese supply chains. The company is expanding its facilities to boost production of rare earth metals and magnets, supporting North American and allied demand.

REalloys’ Euclid, Ohio facility supplies advanced rare earth metals and magnet materials to the U.S. Defense Logistics Agency and the DOE Ames National Laboratory, supporting critical defense, energy, and strategic manufacturing initiatives central to U.S. national security.

Under the terms of the multi-year offtake arrangement, Critical Metals expects to supply up to 6,750,000 metric tons of rare earth concentrate from its Tanbreez Project, representing approximately 15.0% of the project’s projected production.

“The Tanbreez project presents a remarkable opportunity for REalloys, given its rich, long-life deposits of heavy rare earth elements—vital to the defense industrial base of the United States and our allied nations,” said Leonard Sternheim, Chairman of REalloys. “REalloys and Critical Metals Corp share a common commitment to reducing China’s dominance in the global rare earth supply chain.”

“Tanbreez stands as one of the most strategically important rare earth assets globally, thanks to its scale and composition,” said Tony Sage, CEO and Executive Chairman of Critical Metals Corp. “This offtake agreement marks another key step into the U.S. market and sets the stage for expanded supply across American processing networks. Our partnership with REalloys underscores a shared commitment to building a resilient, fully independent domestic supply chain—one that reduces reliance on China and strengthens North America’s industrial future. Together with the recent off-take agreement signed with Ucore, this takes the total to 25% of the total production of the Tanbreez project for US customers.” 

Next Steps
The parties have executed a Letter of Intent and are working expeditiously toward definitive documentation. Execution of final agreements remains subject to customary conditions, including completion of due diligence, finalization of commercial terms, and necessary approvals.

About REalloys Inc.

REalloys Inc. (“REA”) is building a North American mine-to-magnet supply chain, uniting upstream resources at Hoidas Lake, midstream processing development through its memorandum of understanding with the Saskatchewan Research Council, and downstream production of advanced alloys and magnet materials in Euclid, Ohio. The Hoidas Lake project boasts a significant Mineral Resource Estimate of 2,153,000 tons of Total Rare Earth Oxides (TREO) in the Measured and Indicated categories, with significant potential upside. The Hoidas Lake deposit is distinguished by its unique combination of both Heavy Rare Earth Elements (HREEs), including Dysprosium, Terbium, Gadolinium, and Erbium, as well as Light Rare Earth Elements (LREEs) such as Neodymium, Praseodymium, Cerium, and Lanthanum. Through its previously announced collaboration with the Saskatchewan Research Council, REA aims to establish domestic midstream processing capabilities that complement its Euclid operations and strengthen North America’s independent rare earth supply chain. REA is expanding its Ohio facility’s production capacity and is concurrently de-risking and advancing its HLREE Project. By incorporating additional verified rare earth element sources, toll manufacturing, and expanding the Euclid Facility’s installed manufacturing capacity, REA is positioned to meet U.S. Protected Markets high performance magnet materials, critical metals, and magnets demand on an accelerated timeline. REalloys is also moving forward with its planned merger with Blackboxstocks Inc. (NASDAQ: BLBX), positioning the combined company for accelerated growth in the North American rare earth market.

For more information, go to www.realloys.com   info@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 the United States, Europe and their 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 include statements regarding 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 on October 8, 2025?

CRML signed a Letter of Intent for a multi-year offtake with REalloys covering 15.0% of Tanbreez production (up to 6,750,000 metric tons).

How much of Tanbreez production is now allocated to U.S. customers for CRML?

Combined with a prior Ucore agreement, CRML has tentatively allocated ~25% of Tanbreez production to U.S. customers.

Is the REalloys offtake with CRML final and binding?

No. The parties executed a Letter of Intent; final agreements remain subject to due diligence, final terms, and approvals.

What strategic benefit does the REalloys deal offer CRML shareholders?

The LOI targets U.S. midstream/downstream supply chains and defense markets via a partner that supplies the U.S. Defense Logistics Agency and DOE.

What volume will CRML supply under the REalloys LOI?

Up to 6,750,000 metric tons of rare earth concentrate, representing 15.0% of projected Tanbreez production.