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Critical Metals Corp.(CRML) announced on Wednesday a new strategic supply agreement with REalloys Inc., a U.S.-based rare earth processor that is preparing to go public under the ticker BLBX on Nasdaq.
The companies have signed a non-binding Letter of Intent (LOI) outlining plans for REalloys to receive up to 15% of annual rare earth concentrate from Critical Metals’ Tanbreez Project in Southern Greenland.
This deal adds to the company’s previously disclosed agreement with Ucore Rare Metals Inc., a Department of War-backed entity. Following the agreement, Critical Metals’ stock traded over 15% higher in Wednesday’s premarket. On Stocktwits, retail sentiment around the stock remained in ‘extremely bullish’ territory amid ‘extremely high’ message volume levels.
The multi-year agreement positions REalloys to source a considerable portion of its materials from the Tanbreez site, which contains Heavy and Medium Rare Earth Elements (HREE). These materials are essential for the production of advanced technologies in U.S. defense, aerospace, robotics, electric aviation, and infrastructure applications.
Critical Metals CEO and Executive Chairman Tony Sage said that the move signals the company’s support for the U.S. to have an independent domestic supply chain, “one that reduces reliance on China and strengthens North America’s industrial future.”
His comments come amid the tariff standoff between the Trump administration and China, where the supply of rare earth minerals is one of the key negotiating points.
REalloys is among a limited number of U.S. firms that oversee the full rare earth supply chain, from extraction and processing to magnet production. The company supports critical domestic initiatives, including the National Defense Stockpile (NDS), the Defense Industrial Base (DIB), and allied defense agreements.
Critical Metals’ stock has gained over 72% in the last 12 months.
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