Critical Metals executes term-sheet for creating 50%-50% JV with FPCU

Critical Metals (CRML) announced that it has executed the Term-Sheet for creating a 50%-50% joint venture, JV, between CRML and Fabrica de Prelucrare a Concentratelor de Uraniu, FPCU, of Romania, a state-owned entity and a strategic partner from a European Union and NATO member country. The term sheet provides CRML with long-term offtake rights for 50% of the entire Tanbreez concentrate production and outlines the development, financing, and commissioning of a state-of-the-art European rare earth processing facility in Romania – creating the first fully integrated mine-to-processing supply chain in the Western world dedicated to stabilizing critical mineral access for European industries and defense sectors.