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News  ›  GlobeNewswire Inc.

CRML Executes Term-Sheet for 50/50 Joint Venture With EU and NATO Member, Romania, Creating a Fully Integrated Mine-to-Processing Supply Chain for Long-Term Security for the European Manufacturing & National Security Sectors

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Tony Sage
CRML Executes Term-Sheet for 50/50 Joint Venture With EU and NATO Member, Romania, Creating a Fully Integrated Mine-to-Processing Supply Chain for Long-Term Security for the European Manufacturing & National Security Sectors

Critical Metals Corp. signed a joint venture term sheet with Romania's state-owned FPCU to create a rare earth processing facility, aiming to challenge China's dominance in rare earth processing and establish a secure European mineral supply chain.

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GOOGL   negative

Contributed to the overall tech stock downturn


CRML   positive

Executing a strategic partnership to expand rare earth processing capabilities, secure long-term offtake rights, and challenge China's market dominance