REalloys has announced a 15-year offtake agreement with Critical Metals Corp. covering 15% of Phase 1 production from the Tanbreez rare earth project in southern Greenland. The deal is part of broader efforts by the U.S. to diversify its rare earth sources, with the Pentagon set to ban Chinese-origin materials by 2027. Tanbreez is considered one of the largest heavy rare earth deposits globally, though production faces environmental and logistical challenges. Financial terms were not disclosed. The agreement marks a step forward for both companies in the competitive rare earth market.
Business · Rare Earth · Greenland
U.S. Rare Earth Supply Chain Boosted by Greenland Deal
REalloys has signed a 15-year offtake agreement for heavy rare earths from Greenland's Tanbreez deposit, bolstering U.S. supply chain independence from China.
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