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.
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.
Get updates to this developing story directly on Stocktwits.<
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