Critical Metals Corp NASDAQ CRML Secures 10 Year TANBREEZ Off-Take Agreement with Department of Defense Funded Rare Earth Processor Ucore Rare Metals

Executive Summary

• Critical Metals Corp. signed a letter of intent with Ucore Rare Metals Inc. for a multi‑year off‑take of up to 10,000 metric tons per year of heavy rare earth concentrate from the Tanbreez Project.
• The agreement represents roughly 10 % of Tanbreez’s initial projected production and provides Critical Metals Corp. with its first commercial buyer.
• The concentrate will feed Ucore’s newly funded heavy‑rare‑earth processing facility in Louisiana (U.S. Department of Defense supported) and a parallel plant in Ontario, advancing a domestic supply chain for strategic rare earths.

Key Details

• Parties: Critical Metals Corp. (Nasdaq: CRML) and Ucore Rare Metals Inc. (TSXV: UCU / OTCQX: UURAF).
• Agreement Type: Letter of Intent for a multi‑year off‑take arrangement; definitive agreements pending due diligence, commercial term finalization, and regulatory approvals.
• Supply Volume: Up to 10,000 metric tons of rare earth concentrate per year – ~10 % of Tanbreez’s initial production forecast.
• Product: Heavy rare earth concentrate (post‑hydrometallurgical processing) intended as feedstock for Ucore’s heavy REE processing facilities in Louisiana and Kingston, Ontario.
• Facility Support: Louisiana plant received state government and U.S. Department of Defense funding; aims to produce high‑purity rare earth oxides from mixed carbonates/oxides.
• Strategic Rationale: Provides Critical Metals Corp. with its first off‑take buyer, enhances supply chain security for the U.S., and supports national‑security objectives by reducing reliance on China for heavy REEs.
• Future Flexibility: Allows Critical Metals Corp. to supply additional U.S.–based rare earth facilities beyond Ucore if capacity permits.
• Next Steps: Parties will work expeditiously toward definitive documentation; closing subject to customary conditions (due diligence, final commercial terms, approvals).

Notable Quotes

“Critical Metals Corp’s Tanbreez offers tremendous opportunities for Ucore given the significant concentration of heavy rare earths it contains… we look forward to our partnership, positioning us both to meet the growing demand for rare earths while addressing national security challenges.” – Pat Ryan, Chairman and CEO, Ucore

“Securing this off‑take provides Critical Metals Corp both with our first buyer and the flexibility to supply other US based rare earth facilities in the future… we look forward to teaming up with Ucore and their exceptional team to support the development of a robust supply chain in America that isn’t reliant on China.” – Tony Sage, CEO and Executive Chairman, Critical Metals Corp.