REalloys Inc. (ALOY) has entered into a 15-year Rare Earth Product Offtake Agreement with Critical Metals Corp, securing a supply of rare earth element concentrate from the Tanbreez mining project in Greenland. The agreement, effective May 15, 2026, covers the initial production phase of the project and includes key elements such as neodymium-praseodymium (NdPr), dysprosium (Dy), and terbium (Tb).
Key Details
- Agreement Terms: REalloys is committed to purchase 15% of the monthly Phase 1 production from the Tanbreez project for an initial term of 15 years, commencing on a future "Supply Start Date."
- Volume & Capacity: The commitment is tied to the project's Phase 1, which has a nameplate capacity of up to 15,000 metric tons per year, obligating REalloys to purchase a maximum of 2,250 metric tons annually.
- Pricing Structure: The price for the concentrate will be calculated based on a formula involving payable percentages for each element (e.g., 75% for NdPr), contractual recovery yields (>85%), and the higher of a six-month trailing average of ex-China industry indices or a floor price with a 2% annual escalation.