Critical Metals signs first offtake deal Greenland mine — NRG-IA

Securing the first buyers for Tanbreez — how the project dynamics are shifting Critical Metals has secured its first binding offtake agreement for Greenland rare earth production, commercially validating the project targeted by Romania's Nuclearelectrica. The US-based developer, which holds the mining license for the massive Tanbreez rare earth deposit, officially announced the long-term sales contract. This move confirms international market appetite for alternative rare earth sources, aiming to reduce reliance on supply chains currently dominated by China. The partnership between Nuclearelectrica and Critical Metals focuses on a potential joint venture to construct a rare earth processing facility in Romania. Through this binding offtake agreement, the Greenland mining project gains real commercial traction, providing additional financial guarantees for future investors and partners. Nuclearelectrica is evaluating the opportunity to become a key player in European rare earth…