Critical Metals Secures 15-Year Of-take for 15% of Tanbreez Production
Critical Metals Corp finalized a 15-year binding offtake agreement with REalloys Inc for 15% of Tanbreez’s annual rare earth concentrate output, prioritizing high-grade dysprosium and terbium volumes. This follows Greenland’s approval increasing Critical Metals’ ownership in Tanbreez to 92.5%, consolidating operational control.
1. Of-take Agreement Terms
Critical Metals signed a definitive 15-year binding offtake contract with REalloys to supply 15% of Tanbreez’s annual rare earth concentrate. The deal includes priority rights for volumes rich in dysprosium and terbium and a right of first refusal on additional output, enhancing long-term revenue visibility.
2. Ownership Consolidation
Greenland’s government approved Critical Metals’ stake increase to 92.5% of the Tanbreez project, granting full operational control. This milestone follows a letter of intent from October 2025 and cements Critical Metals’ ability to drive development and commercialization decisions.
3. Strategic Supply Chain Impact
The agreement positions Tanbreez as a critical Western source of heavy rare earths ahead of U.S. defense procurement restrictions banning Chinese-origin materials in 2027. Securing a U.S.-based partner underscores the project’s role in bolstering national security and non-Chinese supply chains.
4. Next Steps Toward Production
Critical Metals and REalloys will collaborate on metallurgical optimization, product specification refinement and logistics planning. Commercial shipments are slated to begin once production starts, with pricing tied to international rare earth oxide benchmarks on an element-by-element basis.