11:48 AM EDT, 08/26/2025 (MT Newswires) -- Critical Metals (CRML) said Tuesday it signed a letter of intent for a 10-year offtake agreement with Ucore Rare Metals to supply rare earth concentrate from its Tanbreez project in Greenland.

The company said it expects to supply up to 10,000 metric tons of rare earth concentrate annually for processing at Ucore's facilities in Louisiana and Ontario.

The companies are working toward definitive agreements, Critical Metals added.

Shares of Critical Metals were down over 4% in recent trading.

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