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2d ago

Critical Metals Inks REalloys Offtake as U.S. Equity Talks Remain Unsettled

The development highlights Washington’s turn toward direct ownership to build rare‑earth supply chains outside China.

U.S. flag and Intel chip appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration
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USA Rare Earth's Oklahoma facility set to produce hundreds of millions of magnets.
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Overview

  • Critical Metals signed a letter of intent to supply REalloys with 15% of annual rare‑earth concentrate from the Tanbreez project in southern Greenland.
  • The company announced a $35 million PIPE with an institutional investor, issuing 5 million shares and warrants for 10 million shares at a $7 strike to advance Tanbreez.
  • Reuters reported discussions about converting a $50 million Defense Production Act grant into a roughly 6%–8% equity stake, but a White House official said no deal is being actively pursued.
  • Shares spiked more than 60% on the Reuters report and later pulled back after the White House comment, with trading remaining volatile.
  • Critical Metals moved to lift its ownership of Tanbreez to 92.5% under an amended agreement pending Greenland approval, and it disclosed restated financial statements for prior periods.