Critical Metals surges on offtake agreement with REalloys

First Majestic Silver

08/10/2025 13:57

** Shares of mining company Critical Metals CRML.O surge ~17% at $11.71 premarket

** Company signs Letter of Intent (LOI) for an offtake agreement with REalloys Inc

** CRML expects to supply up to 15% of rare earth concentrate production annually from its Tanbreez Project in Greenland to REalloys

** Agreement follows 10-year agreement to supply heavy rare earth concentrate to Ucore Rare Metal's UCU.V U.S. government-funded Louisiana processing facility

** Up to last close, stock up 47.57% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))