Critical Metals announced a 10-year offtake agreement with U.S.-based rare earth processor REalloys for 15% of annual production from its Tanbreez project in Southern Greenland.

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Bloomberg reported that the Trump administration is not currently considering a stake in Critical Metals Corp, following last week’s report that had sent the stock soaring.

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The discussions center around converting a $50 million Defense Production Act grant into an ownership position, which would represent about 8% of the company.

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Critical Metals closed over 9% and Ucore Rare Metals more than 16% on Tuesday after announcing a 10-year offtake deal for heavy rare earth concentrate from Critical’s Tanbreez project in Greenland.

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