FOR IMMEDIATE RELEASE
Washington, D.C. – GreenMet, a leading strategic advisory firm in critical minerals and rare earth supply chain development, announced today its pivotal role in advancing the 10-year offtake letter of intent (LOI) between Critical Metals Corp (NASDAQ: CRML) and Ucore Rare Metals Inc. This agreement secures a consistent and reliable supply of heavy rare earth concentrate from Critical Metals’ Tanbreez Project in Greenland to Ucore’s Department of Defense-funded rare earth processing facility in Alexandria, Louisiana.
Under the LOI, Critical Metals Corp is expected to supply up to 10,000 metric tons annually of heavy rare earth concentrate, representing approximately 10% of the Tanbreez Project’s initial projected production. This concentrate will serve as feedstock for Ucore’s U.S. and Canadian facilities, where it will be processed into high-purity rare earth oxides essential for advanced technologies and national security applications.
GreenMet played a central role in facilitating the partnership, aligning commercial objectives, and ensuring strategic coordination between Critical Metals and Ucore, helping to lay the groundwork for aresilient, domestic rare earth supply chain independent of foreign reliance. The LOI represents a significant step forward in reducing dependency on international sources and strengthening the U.S. critical minerals ecosystem.
“GreenMet is proud to have helped connect two industry leaders in a partnership with far-reaching implications for the U.S. critical minerals and rare earth sector,” said Drew Horn, CEO of GreenMet. “This LOI is a landmark achievement that positions the United States to securedomestic production and processing of heavy rare earths, which are vital for the advanced technologies that underpin modern industry and national security. It demonstrates what is possible when companies and strategic advisors collaborate to strengthen supply chains critical to the country.”
The parties are now working expeditiously toward definitive agreements, with execution subject to customary conditions, including due diligence, finalization of commercial terms, and necessary approvals.
Contact:
Sabrina Katz
Email: skatz@greenmet.com
Phone: (202) 525-1744
About GreenMet:
GreenMet acts as a vital American conduit between private capital, government, and critical mineral innovation. The firm is uniquely positioned to represent and advance private sector interests that strengthen U.S. supply chains for critical minerals, ensuring reliability and continuity from mine to manufacturing. GreenMet’s insights and guidance help clients navigate the evolving landscape of critical mineral development. Learn more at greenmet.com.
###