Critical Metals to Finalize 25% Offtake Deal for Greenland Rare Earth Project in Early 2026

Published: Jan 5, 2026 09:29

Save

[SMM Flash: Critical Metals Expected to Complete Supply Agreement for Greenland's Tanbreez Rare Earth Project in Early 2026] Critical Metals is expected to complete the signing of the remaining 25% of the offtake agreement for the Tanbreez rare earth project in Greenland in Q1 2026 and welcomes investment from the US government. The company has already pre-sold 75% of the project's planned production, with customers primarily from the US and Europe. To effectively mitigate geopolitical risks, the company intends to maintain diversified supply sources. Critical Metals plans to commence mining operations at the Tanbreez project in 2027, targeting the first production by mid-2028. The project's capital expenditure in Greenland is estimated at approximately $500 million, while the cost of downstream processing facilities could exceed $1 billion.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 hours ago

Brazil's Rare Earth Development: Strategic Transition from Reserves to Industrial Chain【SMM Analysis】

13 hours ago

NdFeB Output Hits Yearly High in April, Yet Profit Recovery Hampered by Cost Inversion【SMM Analysis】

In April 2026, the output of NdFeB blanks reached 32,603 metric tons, representing a significant month-on-month increase of 8.73% and a year-on-year rise of 9%. The industry-wide average operating rate climbed to 76.37%, indicating an accelerated expansion. According to SMM's frontline research, production is expected to further increase to 34,097 tons in May, a month-on-month growth of approximately 5%. If this forecast materializes, it will mark the highest production level since January 2025.

13 hours ago

16 hours ago

China's Thorium Ore Imports Decline 5% in Q1 2026, Unlisted Rare Earth Oxides Surge 242% YoY

16 hours ago