Critical Metals surges on offtake agreement with REalloys

Ucore Rare Metals

08/10/2025 15:50

Updates

** Shares of mining company Critical Metals CRML.O surge ~19% to $11.85

** Company signs a letter of intent to supply magnet firm REalloys with rare earths from its Tanbreez project in Greenland

** 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 Metals' UCU.V U.S. government-funded Louisiana processing facility

** Including session's moves, stock up 71.35% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))