finance
REalloys Signs 15-Year Offtake Deal for Greenland Rare Earth Output
REalloys signed a 15-year agreement last Thursday to purchase 15 percent of Phase 1 production from the Tanbreez deposit in southern Greenland. The deal supplies heavy rare earth elements including dysprosium and terbium for use in defense and industrial applications.
May 27, 8:01 PM·1m read1 source
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REalloys announced last Thursday that it signed a definitive 15-year offtake agreement with Critical Metals Corp. covering 15 percent of Phase 1 production from the Tanbreez project in southern Greenland. The Tanbreez deposit contains dysprosium and terbium, two heavy rare earth elements used in fighter aircraft, missile systems, radar platforms, drones, and advanced defense hardware.
The agreement provides REalloys with long-term access to materials from one of the largest known heavy rare earth deposits outside China. REalloys operates a metallization and magnet production facility in Euclid, Ohio, focused on converting rare earth oxides into defense-grade metals, alloys, and NdFeB permanent magnets.
U.S. companies to secure alternative supply sources. REalloys stated that the Greenland agreement supports its effort to establish an integrated heavy rare earth supply chain in North America ahead of the ban.
