REalloys Secures 15-Year Heavy Rare Earth Supply from Critical Metals' Tanbreez Project
ALOY has more than doubled off its 52-week low of $3.4.
Summary
REalloys Inc. has signed a definitive long-term offtake agreement with Critical Metals Corp. for 15% of the monthly Phase 1 production from CRML's Tanbreez Project, one of the world's largest heavy rare earth deposits. This 15-year agreement is a foundational component of REalloys' mine-to-magnet strategy, securing a critical U.S.-aligned supply of heavy rare earth elements for its downstream operations. The deal is strategically important as it positions REalloys to meet U.S. defense and industrial demand ahead of expanded federal procurement restrictions on Chinese rare earth content taking effect January 1, 2027. For Critical Metals Corp., this provides a significant long-term customer for its Tanbreez production.
At the time of this announcement, ALOY was trading at $8.94 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $534.9M. The 52-week trading range was $3.40 to $26.90. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.