Critical Metals (CRML) Forms 50-50 Joint Venture with Saudi Firm for $290M Rare Earth Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy CRML?
Source: seekingalpha
- Joint Venture Agreement: Critical Metals has signed a non-binding term sheet with Saudi Arabia's Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers Company to establish a 50-50 joint venture that will refine 25% of capacity from the planned Tanbreez rare earth project in Greenland.
- Financing Assurance: The agreement provides Critical Metals with long-term offtake rights, easing its path to secure $290 million in project financing, with 75% of planned output already pre-sold, ensuring market demand for production in Greenland.
- Risk Mitigation: Chairman Tony Sage stated that this partnership represents a transformational milestone, significantly de-risking the project's commercial pathway by collaborating with a leading Saudi industrial group and ensuring a fully integrated mine-to-market supply chain.
- Market Reaction: Despite a 4.4% drop in Critical Metals' shares on Thursday, following a nearly one-third surge in the previous session due to strong assay results, the market remains focused on the potential value of its rare earth projects.
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Analyst Views on CRML
About CRML
Critical Metals Corp. is a mining development company. The Company is focused on mining critical metals and minerals and producing strategic products essential to electrification and technologies for Europe and its partners. Its flagship Project, Tanbreez, consists of rare earth deposits and is located in Southern Greenland. The Wolfsberg Lithium Project is located 270 km southwest of Vienna, in Austria’s Carinthia region. The Wolfsberg Lithium Project is a fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure. With its strategic asset portfolio, the Company supplies critical minerals essential for defense applications, the clean energy transition, and technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Critical Metals Corp Successfully Replicates Metallurgical Tests
- Metallurgical Test Results: Critical Metals Corp successfully replicated the 2016 AMTEC/ALS metallurgical test results in 2025, achieving a refined concentrate with 2.96% TREO and HREO, representing a ~40% increase over the previous 2.1%, indicating significant technological advancement in rare earth metals.
- New Technology Implementation: The improved process, utilizing modern permanent magnets and optimized flowsheets, achieved recovery rates exceeding 85%, significantly enhancing the recovery efficiency of rare earth elements and strengthening the company's competitive position in the global rare earth market.
- Project Milestone: The company plans to commence pilot plant operations in May 2026, with the production of a 1:100 pilot-scale concentrate, laying the groundwork for the commercialization of the Tanbreez project and supporting future full-scale processing.
- Strategic Partnerships: Critical Metals Corp continues to produce concentrates for its offtake partners in the EU, Saudi Arabia, and the USA, with each partner set to receive a minimum of 10 tons of high-grade pre-production concentrate, further solidifying its position in the global rare earth supply chain.
See More
U.S. Launches $12 Billion Strategic Minerals Reserve Initiative
- Project Launch: On February 2, 2026, the White House initiated Project Vault, a $12 billion strategic minerals reserve program aimed at covering all 60 minerals on the USGS Critical Minerals List, highlighting the government's commitment to securing mineral supply chains.
- International Cooperation: During the 2026 Critical Minerals Ministerial, Secretary of State Rubio confirmed over $30 billion in U.S. government support for secure supply chains, reflecting America's strategic positioning in the global mineral resource competition.
- Market Dynamics: The IEA projects a 30% copper shortfall by 2035, while rare earth supplies outside China meet less than 40% of projected demand, creating upward pressure on commodity prices, particularly as uranium approaches $92 per pound amid rising reactor demand.
- Corporate Positioning: EagleOne Metals recently acquired the Poison Springs uranium/rare earth project in Utah for $50,000, showcasing its diversified exposure in critical minerals, which is expected to enhance its market value and competitive edge.
See More
Critical Metals and USA Rare Earth Announce Key Developments
- Stock Price Surge: Following crucial developments, Critical Metals Corp. (CRML) saw its stock rise nearly 4% in pre-market trading, while USA Rare Earth (USAR) shares jumped 5%, reflecting market optimism about the rare earth sector's prospects.
- Acquisition of New Assets: Critical Metals announced its acquisition of a majority stake in 60° North Greenland ApS, a move that not only adds new exploration assets but also supports the further development of its Tanbreez rare earth project, enhancing its market position in Greenland.
- Strategic Partnership Agreement: USA Rare Earth entered into a sales and distribution agreement with Arnold Magnetic Technologies, a unit of Compass Diversified, allowing both companies to market each other's rare earth magnet products, which is expected to enhance their competitive edge in the market.
- Product Innovation Focus: The collaboration will focus on producing samarium-cobalt (SmCo) and neodymium-iron-boron (NdFeB) magnets, further driving the application of rare earth materials to meet the growing market demand.
See More
Two Rare Earth Stocks See Pre-Market Gains – Here's the Reason
Stock Performance: Critical Metals Corp. (CRML) and USA Rare Earth (USAR) saw significant stock gains, with CRML increasing nearly 4% and USAR jumping 5% in pre-market trading following positive developments in their rare-earth pipelines.
Acquisition Announcement: CRML announced plans to strengthen its presence in Greenland by acquiring a majority stake in the construction, exploration, and logistics firm 60° North Greenland ApS, enhancing its exploration assets and supporting its Tanbreez rare earth project.
Partnership Agreement: USA Rare Earth entered a sales and distribution agreement with Compass Diversified's (CODI) unit, allowing both companies to market each other's rare earth magnet products, which is expected to boost their market reach.
Production Collaboration: The partnership will focus on producing magnets from samarium-cobalt (SmCo) and neodymium-iron-boron (NdFeB), with CODI shares experiencing an 8% increase following the announcement.
See More
Strategic Importance of Rebuilding the Rare Earth Supply Chain
- Supply Chain Reconstruction: REalloys operates the only heavy rare-earth metallization capability in North America in Ohio, planning to build the largest heavy rare-earth metallization platform globally, capable of producing 600 tons of high-purity metals annually, significantly enhancing U.S. self-sufficiency in defense manufacturing.
- U.S. Rare Earth Project Financing: USA Rare Earth secured $1.6 billion in government and private capital to advance its heavy rare-earth mine in Texas, with annual production expected to scale from 1,200 tons to 5,000 tons, strengthening America's strategic position in the global rare earth market.
- Greenland Rare Earth Development: Critical Metals Corp.'s Tanbreez project in Greenland shows a TREO+Y grade of 0.44%, with plans for a $1.5 billion joint venture with a Saudi partner, targeting production by 2028 to fill gaps in the Western rare earth supply chain.
- Apple's Circular Economy: Apple's Material Recovery Lab in Texas uses Daisy robots to recover rare earth elements, achieving a 99% recovery rate by 2025, promoting the feasibility of a domestic rare earth circular economy and reducing reliance on Chinese sources.
See More
Strategic Importance of Rebuilding the Rare Earth Supply Chain
- Supply Chain Reconstruction: REalloys is establishing the only heavy rare-earth metallization capability in North America in Ohio, with plans to convert 600 tons of high-purity metals annually, filling a critical gap in U.S. defense manufacturing and enhancing national security.
- Domestic Mining Chain Development: USA Rare Earth secured $1.6 billion in funding for its Round Top heavy rare-earth project in Texas, aiming to accelerate construction and target an annual production of 5,000 tons of magnets, thereby strengthening U.S. autonomy in the rare-earth sector.
- Global Rare Earth Resource Development: Critical Metals Corp.'s Tanbreez project in Greenland shows a TREO+Y grade of 0.44%, with plans for a joint venture with Saudi Arabia to build downstream processing capacity, targeting production by 2028 to address global rare-earth supply shortages.
- Circular Economy Advancement: Apple is achieving a 99% recovery rate of rare earth elements through its Daisy robot, aiming for 100% recycled materials in all device magnets, promoting the feasibility of a domestic rare-earth circular economy and reducing reliance on Chinese sources.
See More
Critical Metals Corp Successfully Replicates Metallurgical Tests
- Metallurgical Test Results: Critical Metals Corp successfully replicated the 2016 AMTEC/ALS metallurgical test results in 2025, achieving a refined concentrate with 2.96% TREO and HREO, representing a ~40% increase over the previous 2.1%, indicating significant technological advancement in rare earth metals.
- New Technology Implementation: The improved process, utilizing modern permanent magnets and optimized flowsheets, achieved recovery rates exceeding 85%, significantly enhancing the recovery efficiency of rare earth elements and strengthening the company's competitive position in the global rare earth market.
- Project Milestone: The company plans to commence pilot plant operations in May 2026, with the production of a 1:100 pilot-scale concentrate, laying the groundwork for the commercialization of the Tanbreez project and supporting future full-scale processing.
- Strategic Partnerships: Critical Metals Corp continues to produce concentrates for its offtake partners in the EU, Saudi Arabia, and the USA, with each partner set to receive a minimum of 10 tons of high-grade pre-production concentrate, further solidifying its position in the global rare earth supply chain.
See More
U.S. Launches $12 Billion Strategic Minerals Reserve Initiative
- Project Launch: On February 2, 2026, the White House initiated Project Vault, a $12 billion strategic minerals reserve program aimed at covering all 60 minerals on the USGS Critical Minerals List, highlighting the government's commitment to securing mineral supply chains.
- International Cooperation: During the 2026 Critical Minerals Ministerial, Secretary of State Rubio confirmed over $30 billion in U.S. government support for secure supply chains, reflecting America's strategic positioning in the global mineral resource competition.
- Market Dynamics: The IEA projects a 30% copper shortfall by 2035, while rare earth supplies outside China meet less than 40% of projected demand, creating upward pressure on commodity prices, particularly as uranium approaches $92 per pound amid rising reactor demand.
- Corporate Positioning: EagleOne Metals recently acquired the Poison Springs uranium/rare earth project in Utah for $50,000, showcasing its diversified exposure in critical minerals, which is expected to enhance its market value and competitive edge.
See More
Critical Metals and USA Rare Earth Announce Key Developments
- Stock Price Surge: Following crucial developments, Critical Metals Corp. (CRML) saw its stock rise nearly 4% in pre-market trading, while USA Rare Earth (USAR) shares jumped 5%, reflecting market optimism about the rare earth sector's prospects.
- Acquisition of New Assets: Critical Metals announced its acquisition of a majority stake in 60° North Greenland ApS, a move that not only adds new exploration assets but also supports the further development of its Tanbreez rare earth project, enhancing its market position in Greenland.
- Strategic Partnership Agreement: USA Rare Earth entered into a sales and distribution agreement with Arnold Magnetic Technologies, a unit of Compass Diversified, allowing both companies to market each other's rare earth magnet products, which is expected to enhance their competitive edge in the market.
- Product Innovation Focus: The collaboration will focus on producing samarium-cobalt (SmCo) and neodymium-iron-boron (NdFeB) magnets, further driving the application of rare earth materials to meet the growing market demand.
See More
Two Rare Earth Stocks See Pre-Market Gains – Here's the Reason
Stock Performance: Critical Metals Corp. (CRML) and USA Rare Earth (USAR) saw significant stock gains, with CRML increasing nearly 4% and USAR jumping 5% in pre-market trading following positive developments in their rare-earth pipelines.
Acquisition Announcement: CRML announced plans to strengthen its presence in Greenland by acquiring a majority stake in the construction, exploration, and logistics firm 60° North Greenland ApS, enhancing its exploration assets and supporting its Tanbreez rare earth project.
Partnership Agreement: USA Rare Earth entered a sales and distribution agreement with Compass Diversified's (CODI) unit, allowing both companies to market each other's rare earth magnet products, which is expected to boost their market reach.
Production Collaboration: The partnership will focus on producing magnets from samarium-cobalt (SmCo) and neodymium-iron-boron (NdFeB), with CODI shares experiencing an 8% increase following the announcement.
See More
Strategic Importance of Rebuilding the Rare Earth Supply Chain
- Supply Chain Reconstruction: REalloys operates the only heavy rare-earth metallization capability in North America in Ohio, planning to build the largest heavy rare-earth metallization platform globally, capable of producing 600 tons of high-purity metals annually, significantly enhancing U.S. self-sufficiency in defense manufacturing.
- U.S. Rare Earth Project Financing: USA Rare Earth secured $1.6 billion in government and private capital to advance its heavy rare-earth mine in Texas, with annual production expected to scale from 1,200 tons to 5,000 tons, strengthening America's strategic position in the global rare earth market.
- Greenland Rare Earth Development: Critical Metals Corp.'s Tanbreez project in Greenland shows a TREO+Y grade of 0.44%, with plans for a $1.5 billion joint venture with a Saudi partner, targeting production by 2028 to fill gaps in the Western rare earth supply chain.
- Apple's Circular Economy: Apple's Material Recovery Lab in Texas uses Daisy robots to recover rare earth elements, achieving a 99% recovery rate by 2025, promoting the feasibility of a domestic rare earth circular economy and reducing reliance on Chinese sources.
See More
Strategic Importance of Rebuilding the Rare Earth Supply Chain
- Supply Chain Reconstruction: REalloys is establishing the only heavy rare-earth metallization capability in North America in Ohio, with plans to convert 600 tons of high-purity metals annually, filling a critical gap in U.S. defense manufacturing and enhancing national security.
- Domestic Mining Chain Development: USA Rare Earth secured $1.6 billion in funding for its Round Top heavy rare-earth project in Texas, aiming to accelerate construction and target an annual production of 5,000 tons of magnets, thereby strengthening U.S. autonomy in the rare-earth sector.
- Global Rare Earth Resource Development: Critical Metals Corp.'s Tanbreez project in Greenland shows a TREO+Y grade of 0.44%, with plans for a joint venture with Saudi Arabia to build downstream processing capacity, targeting production by 2028 to address global rare-earth supply shortages.
- Circular Economy Advancement: Apple is achieving a 99% recovery rate of rare earth elements through its Daisy robot, aiming for 100% recycled materials in all device magnets, promoting the feasibility of a domestic rare-earth circular economy and reducing reliance on Chinese sources.
See More
