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Critical Metals gains on agreement to supply rare earth to US government-funded facility

ReutersAug 26, 2025 4:44 PM

** Shares of development-stage mining company Critical Metals CRML.O up 14.7% at $7.20

** Co signs 10-year agreement with Ucore Rare Metals UCU.V to supply heavy rare earth concentrate from its Tanbreez project to UCU’s U.S. Department of Defense-funded Louisiana processing facility

** Under the agreement, CRML expects to supply up to 10,000 metric tons annually of rare earth concentrate, which represents approximately 10% of the project’s initial projected production

** Including session's moves, CMRL's shares up 6.2% YTD

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